The Contactless Biometrics Technology Market delves into various aspects, enabling readers to gain a deep understanding of the market dynamics, trends, and potential opportunities.
The contactless biometrics technology market size is expected to reach USD 33.13 billion by 2027. Contactless Biometrics Technology Market Report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
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The factor driving the market growth for contactless biometrics technology is increasing demand for high-level protection in the residential, industrial, and public sectors. Owing to increased terrorist activities and possible dangers, market demand for facial and voice recognition software in security and surveillance applications has risen significantly in recent years.
This contactless biometrics software is widely used for identification purposes at airports, but its use has been growing at customs and border checks, as well as by police to identify and detain people at demonstrations in recent years.
The rapid growth of contactless biometric technology is being fueled by rapid advances in automatic identification and data capture technology in e-commerce, retail, border control, and BFSI. Government policies to promote the use of touchless technology are also propelling the industry forward.
The use of voice and facial recognition systems in the banking and financial industry is growing in tandem with the growth of digital banking around the world. Contactless biometrics provide an extra layer of protection, are more convenient, and are a more user-friendly method of verifying customers in order to provide a superior and consistent experience.
Increased demand for smartphones and tablets with facial recognition features for added security is also driving the market growth for Increased demand for smartphones and tablets with facial recognition features for added security is also driving the market growth for contactless biometrics technology.
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The global market for contactless biometrics technology has some major key players which are operating it, which includes Fujitsu Limited, Aware Inc., Touchless Biometric Systems AG, NEC Corporation, IDEMIA, Fingerprint Cards AB, HID Global, nViaSoft, M2SYS Technology, and Gemalto N.V.
These companies contribute to the market by being part of mergers & acquisitions or launching new products. Fingerprint Cards AB announced the release of the latest FPC1025 sensor in May 2020. The company has expanded its touch sensor portfolio with this launch.
This sensor aims to provide the best biometric output while using the least amount of electricity, and it will be available in a variety of form factors. Devices and applications that need reliable, streamlined user authentication may use FPC1025.
Contactless Biometrics Technology, Component Outlook
- Software
- Hardware
- Service
Contactless Biometrics Technology, Application Outlook
- Face
- Fingerprint
- Hand Geometry
- Iris
- Voice
- Others
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Contactless Biometrics Technology, End-Use Outlook
- BFSI
- Government
- Consumer Electronics
- Healthcare
- Transport & Logistics
- Defense & Security
- Others
Contactless Biometrics Technology, Regional Outlook
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Central & South America
- Mexico
- Brazil
- Argentina
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- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Content
Chapter 1: Global Contactless Biometrics Technology Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Contactless Biometrics Technology market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Contactless Biometrics Technology Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Contactless Biometrics Technology market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Contactless Biometrics Technology market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Contactless Biometrics Technology market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Contactless Biometrics Technology market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Contactless Biometrics Technology business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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