The global contactless biometrics market size was USD 17.26 Billion in 2021 and is expected to register a revenue CAGR of 15.55% during the forecast period, according to the latest analysis by Emergen Research. Increasing funding for facial recognition systems is a major factor expected to support revenue growth of the market during the forecast period. In addition, revenue growth of the market is driven by rising demand from the banking, retail, and healthcare sectors as well as increase in smartphone use. Most consumers today depend on face and iris recognition technology to protect their possessions. Companies are implementing improved security features such as pulse biometric applications and others with highly developed Artificial Intelligence (AI)-based technologies to take advantage of this, which is contributing to revenue growth of the market.
The Contactless Biometrics Market Market report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.
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In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
Provide chapter-wise guidance on request 2022 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Emergen Research methodology.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key companies operating in the Contactless Biometrics Market market include:
Fingerprint Cards AB, Aware, Inc., Fujitsu Limited, IDEMIA, HID Global Corporation, Touchless Biometric Systems AG, nVIASoft Corporation, NEC Corporation, M2SYS Technology, Blue Biometrics, ASSA ABLOY, MeReal Biometrics Limited, Untethered Labs, Inc., and T3K-Forensics GmbH
For more Information or Any Query Visit:
https://www.emergenresearch.com/industry-report/contactless-biometrics-marketThe report also sheds light on regional market dynamics, highlighting how different geographical areas contribute to the global Contactless Biometrics Market market's growth. It presents a detailed assessment of market performance across key regions, identifying areas with the highest growth potential. These regional insights allow businesses to tap into unexplored markets and develop region-specific strategies for expansion.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Contactless Biometrics Market Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
Segments Covered in this report are:
Offering Outlook (Revenue, USD Billion; 2019–2030)
Multimodal Biometrics Solution
Software
Integrated Biometrics Software
Standalone Software
Vein Recognition
Facial Recognition
Iris Recognition
Others
Hardware
Contactless Fingerprint Scanners
Palm Vein Scanners
Voice Recognition Devices
Contactless Smart Cards & Readers
Others
Services
Managed Services
Professional Services
Application Outlook (Revenue, USD Billion; 2019–2030)
KYC & Onboarding
Criminal Identification & Forensic
Access Control
Others
End-use Outlook (Revenue, USD Billion; 2019–2030)
Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Government
Defense & Security
Travel and Hospitality
Transport & Logistics
Healthcare
Others
Regional Outlook :
Different regional dynamics are driving global growth in the Contactless Biometrics Market market. North America and Europe are advancing through technological progress and strong regulatory frameworks, though supply chain issues and regulatory challenges persist. Asia-Pacific, particularly China and India, are seeing accelerated growth fueled by urbanization and increasing consumer demand. On the other hand, Latin America, the Middle East, and Africa are emerging markets with growth potential, bolstered by reforms and new investments, though long-term growth is hampered by political instability and infrastructure shortfalls.
Key Questions Addressed in the Report:
Who are the leading players in the Contactless Biometrics Market industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Contactless Biometrics Market?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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Contactless Biometrics Market Executive Summary
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