Worldwide Demand for Contactless Biometrics Is Growing At A CAGR Of 16.4% by 2032| Fact.MR Forecasts

Posted on 2022-12-05 by Fact.MR in Technology // 0 Comments

Contactless Biometrics Market By Component (Hardware, Software, Service), By Application (Face, Fingerprint, Iris, Voice), By End Use (Healthcare, Government, Defence & Security)- Global Market Insights 2022 to 2032

The global contactless biometrics market is estimated at USD 17.1 Billion in 2022 and is forecast to reach USD 78.6 Billion by 2032, growing at a CAGR of 16.4% during 2022-2032.

The growing demand for end – to – end solutions has created the need for integration of different software and middleware services. Accounted to the above mentioned trend, market valuation for the contactless biometric market is estimated to account around ~43% of the global biometrics market by 2022 end.

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Competitive Landscape

Majority of the manufacturers are focused on establishing subsidiaries in developing regions. Strategies include product launches, collaborations with key players, partnerships, and mergers and acquisitions. Some of the key development are:

In May 2020, company named Finger Cards AB has expanded its touch sensor portfolio by the introduction of FPC2025 sensor. The target was to introduce a high performing biometrics that consume low power.
In May 2020, one of the market giants NEC Corporation introduced NeoFace Thermal Express which offered touchless screening. NeoFace Thermal Express was designed to detect elevated body temperature and protective body equipment such as face mask.
In 2020, Fingerprint Cards AB has partnered with Digi- Key Electronics, which has allowed the former expansion in the new market. During this partnership, Digi Key will help the company to develop new application areas.

Prominent Key players of the Contactless Biometrics market survey report:

Fujitsu Limited
NEC Corporation
Gemalto N.V
Aware Inc.
HID Global
M2SYS Technology
Neurotechnology
Assa Abloy AB
Blue Biometrics
EYN
FEITIAN Technologies Co.
GateKeeper Proximity
MeReal Biometrics
Smart Packaging Solutions
T3K-Forensics

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Global Contactless Biometrics Market by Category

By Technology :
- Contactless Fingerprint Recognition
- Facial Recognition
- Iris Recognition
- Palm Vein Recognition
- Voice Recognition
- Contactless Cards
By Component :
- Hardware
  - Contactless Fingerprint Scanners
  - Facial Recognition Scanners
  - Iris Recognition Scanners
  - Palm Vein Scanners
  - Others (Voice Recognition Devices, Contactless Smart Cards & Readers
- Software
  - Integrated Biometrics Software
  - Standalone Software/Middleware
    - Facial Recognition Software
    - Vein Recognition Software
    - Iris Recognition Software
    - Others
- Services
  - Professional Services
    - System Integration & Deployment
    - Security Consulting
    - Support & Maintenance
  - Managed Services
By Application :
- Identity Verification
- Payments & Transactions
- Access Control
By Industry :
- BFSI
- Government & Law Enforcement
- Healthcare
- Military & Defense
- Retail
- Others

The insights for each vendor consists of:

Company profile
SWOT analysis
Main market information
Market share
Revenue, pricing and gross margin

What insights does the Contactless Biometrics Market report provide to the readers?

Contactless Biometrics fragmentation on the basis of product type, end use, and region.
Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
Collaborations, R&D projects, acquisitions, and product launches of each Contactless Biometrics player.
Various regulations imposed by the governments on the consumption of Contactless Biometrics in detail.
Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Contactless Biometrics.

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The report covers following Contactless Biometrics Market insights and assessment that are helpful for all participants involved in the Contactless Biometrics market:

Data on recently introduced regulations and their impact on key industries and on demand in Contactless Biometrics
Latest industry Analysis on Contactless Biometrics Market, with key analysis of market drivers, trends, and influencing factors
Key trends Analysis of Contactless Biometrics Market and changing consumer preferences in major industries.
Changing Contactless Biometrics demand and consumption of diverse products
Major trends underlining funding by key investors in numerous countries
New investment opportunities in diverse technology and product or service types
Comprehensive data and Competitive analysis of Contactless Biometrics major players
Contactless Biometrics Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
Contactless Biometrics demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Contactless Biometrics Market report include:

How the market for Contactless Biometrics has grown?
What is the present and future outlook of the global Contactless Biometrics on the basis of region?
What are the challenges and opportunities for the Contactless Biometrics?
Why the consumption of Contactless Biometrics highest in region?
In which year segment is expected to overtake segment?

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