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 2024-2031.
The Contactless Biometrics Market is experiencing unprecedented growth, driven by the increasing demand for secure and convenient authentication solutions across various industries. With advancements in technology, contactless biometric systems are becoming more sophisticated and reliable, offering enhanced security and user experience. These systems utilize techniques such as facial recognition, iris scanning, and fingerprint recognition to verify individual identities without the need for physical contact, thereby reducing the risk of transmission of pathogens in high-traffic environments such as airports, banks, and healthcare facilities.
One of the key drivers propelling the growth of the contactless biometrics market is the growing emphasis on security and fraud prevention. Traditional authentication methods such as passwords and PINs are increasingly vulnerable to cyber threats and identity theft, necessitating the adoption of more robust biometric solutions. Contactless biometrics offer a higher level of security by uniquely identifying individuals based on their physiological or behavioral characteristics, making it extremely difficult for unauthorized users to gain access. This heightened security is particularly crucial in sectors such as finance, government, and healthcare, where sensitive data and confidential information must be protected from unauthorized access.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Contactless Biometrics industry 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 Biometrics market 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, and others
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
l Multimodal Biometrics Solution
l Software
l Hardware
l Services
By Services
l Professional Services
l Managed Services
By Application
l Access Control
l Onboarding & KYC
l Criminal Identification & Forensics
l Other Applications
By Software
l Contactless Fingerprint Recognition
l Face Recognition
l Iris Recognition
l Palm Vein Recognition
l Voice Recognition
l Contactless Biometric Cards
By Verticals
l BFSI
l Government & Law Enforcement
l Healthcare
l Retail & eCommerce
l Travel & Tourism
l Other Verticals
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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