The Contactless Biometrics Market size was valued at USD 22.36 Billion in 2023 and is projected to reach USD 69.86 Billion in 2031 with a growing CAGR of 15.3% Over the Forecast Period of 2023-2030.
the contactless biometrics market is the increasing emphasis on hygiene and safety in the wake of the COVID-19 pandemic. Traditional biometric authentication methods, such as fingerprint scanners and touch-based devices, have become less desirable due to concerns over virus transmission. Contactless biometric solutions address these concerns by eliminating the need for physical contact, thus offering a safer alternative for identity verification and access control. This shift in consumer preferences towards touchless technologies is expected to drive substantial market growth in the coming years.
Furthermore, the advent of artificial intelligence (AI) and machine learning (ML) technologies has significantly enhanced the capabilities of contactless biometric systems. These advancements enable more accurate and efficient recognition algorithms, leading to improved authentication accuracy and reliability. Additionally, the integration of biometric data with other emerging technologies such as Internet of Things (IoT) and cloud computing further enhances the scalability and flexibility of contactless biometric solutions, making them ideal for diverse applications across industries.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Contactless Biometricsindustry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Contactless Biometricsmarket demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
HID Global, Touchless Biometric Systems, Fingerprint Cards AB, M2SYS Technology, Fujitsu, IDEMIA, NEC Corporation, Aware, nVIAsoft, Thales, Neurotechnology, Veridium, BioConnect, DERMALOG Identification Systems, Cognitec Systems, SecuGen, Shufti Pro, NVISO, Noldus, Innovatrics, Blue Biometrics, Fidentity, Daon
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Contactless Biometrics market.
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It has segmented the global Contactless Biometrics market
By Offering
- Multimodal Biometrics Solution
- Software
- Hardware
- Services
By Services
- Professional Services
- Managed Services
By Application
- Access Control
- Onboarding & KYC
- Criminal Identification & Forensics
- Other Applications
By Software
- Contactless Fingerprint Recognition
- Face Recognition
- Iris Recognition
- Palm Vein Recognition
- Voice Recognition
- Contactless Biometric Cards
By Verticals
- BFSI
- Government & Law Enforcement
- Healthcare
- Retail & eCommerce
- Travel & Tourism
- Other Verticals
Key Points Covered in the Report:
- A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Contactless Biometrics' market report.
- The study offers a full business size Contactless Biometrics' from a global point of view through a review of past facts and possible scenarios.
- Geographically, the Contactless Biometrics of market analysis includes the number of regions and their contrast of revenue.
- The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Contactless Biometrics'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Contactless Biometrics' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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The global Contactless Biometrics Technology Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the contactless biometrics technology market include Touchless Biometric Systems AG, Fingerprint Cards AB, IDEMIA, nViaSoft, Fujitsu Limited, NEC Corporation, Gemalto N.V., Aware Inc., HID Global, M2SYS Technology.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Contactless Biometrics Technology Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/contactless-biometrics-technology-market/download-sampleMarket DynamicsThe future of the global contactless biometrics technology market is very bright.
Rising demand for a high level of security within the e-commerce and retail industry, BFSI sector, border control applications drives the global contactless biometrics technology market.
Technology is also being applied for domestic use.
