The global demand for Contactless Biometrics Technology Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Contactless biometrics technology is a non-physical way of authentication. The technology does not need the user to perform any physical contact with the system. It includes techniques like facial recognition, iris recognition, voice recognition, etc. The technology has a lot of advantages over authentication that requires users to touch a surface physically. Contactless biometrics technology plays a vital role in public areas where people are more prone to infection and virus transfer.
The future of the global contactless biometrics technology market is very bright. Currently, the market is experiencing an exciting period of all time. 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. Advances in biometrics are being involved in a smart home to provide the necessary security. Due to the COVID-19 outbreak, players and industries are coming with new offerings for fever detection attempt to find early detection systems. The government is also encouraging the use of touchless authentication technology, which is further fuelling market growth. The market is helping to combat and reduce the spread of COVID-19.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of contactless biometrics technology.
The entire contactless biometrics technology market has been sub-categorized into component, application and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Hand Geometry
- Banking & Finance
- Consumer Electronics
- Transport & Logistics
- Defense & Security
This section covers regional segmentation which accentuates on current and future demand for contactless biometrics technology market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Contactless Biometrics Technology Market Share by Region (Representative Graph)
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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.