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Market Snapshot

CAGR:6.55

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.55

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Report Overview

Contactless Biometrics Market Analysis Report 2023-2032:

The Contactless Biometrics Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 6.85% between 2022 and 2032. The market size is anticipated to expand by USD 8,520.93 million. This growth can be attributed to several driving factors, including the increasing demand for secure and convenient authentication solutions, the growing adoption of contactless technologies in various industries, and the emphasis on enhancing security measures for personal and sensitive data. Contactless biometrics refer to the use of biometric identification and verification techniques without the need for physical contact, offering efficient and secure means of authentication.

Contactless Biometrics Market Overview:

Drivers:

A significant driver propelling the growth of the contactless biometrics market is the rising demand for secure authentication solutions. Traditional methods of authentication, such as passwords and PINs, are vulnerable to breaches and hacking attempts. Contactless biometric technologies, such as fingerprint recognition, facial recognition, and iris scanning, offer a higher level of security by relying on unique biological characteristics that are difficult to replicate. As businesses and industries seek stronger security measures, the demand for contactless biometric solutions is on the rise.

Additionally, the adoption of contactless technologies in various industries such as finance, healthcare, and government sectors is contributing to market growth. These sectors are embracing contactless biometrics for applications like access control, payment authentication, and identity verification, driving the demand for advanced and reliable contactless biometric systems.

Trends:

One of the key trends shaping the contactless biometrics market is the integration of Artificial Intelligence (AI) and Machine Learning (ML) in biometric systems. AI-powered algorithms enhance the accuracy and efficiency of contactless biometric recognition systems, enabling them to adapt to different scenarios, lighting conditions, and user variations. AI-driven biometric systems can continuously learn and improve, making them more robust and reliable over time. This integration of AI is opening up new avenues for applications in various sectors, including finance, healthcare, and retail.

Moreover, the increased focus on user experience and convenience is driving the adoption of contactless biometrics. As consumers become accustomed to seamless interactions, the use of contactless biometric technologies, which eliminate the need for physical tokens or passwords, aligns with this trend and fosters a smoother and more user-friendly authentication process.

Restraints:

A notable challenge hindering the growth of the contactless biometrics market is privacy concerns and data security issues. Collecting and storing biometric data raises privacy considerations, as any mishandling or breaches can lead to identity theft and other unauthorized uses. Ensuring robust security measures to protect biometric data from cyber threats and unauthorized access remains a crucial challenge for industry players and regulators.

Furthermore, the accuracy and reliability of contactless biometric systems can be affected by factors such as changes in physical appearance, lighting conditions, and facial expressions. Variations in biometric features can result in false negatives or positives, impacting the overall user experience and hindering widespread adoption.

Contactless Biometrics Market Segmentation By Application:

The finance and banking sector is poised to experience significant growth in the adoption of contactless biometric solutions. The financial industry is increasingly integrating biometric authentication methods, such as fingerprint recognition and facial scanning, to enhance security in payment transactions, online banking, and account access. Contactless biometrics provide a seamless and secure way for customers to authenticate their identities, reducing the risk of fraud and unauthorized access. This application is particularly relevant in the modern digital banking landscape, where online and mobile banking services are prevalent.

Another emerging application of contactless biometrics is in healthcare. Medical institutions are leveraging biometric technologies for patient identification, secure access to medical records, and prescription verification. The integration of contactless biometrics in healthcare contributes to enhanced patient safety, streamlined processes, and reduced administrative burdens.

Contactless Biometrics Market Segmentation By Type:

The fingerprint recognition segment is anticipated to witness robust growth within the contactless biometrics market. Fingerprint recognition is a well-established and widely accepted biometric authentication method due to its accuracy and ease of use. This technology is used in various applications, including mobile device unlocking, access control systems, and time and attendance tracking. The convenience and efficiency of fingerprint recognition, coupled with advancements in sensor technology, are driving the expansion of this segment.

Regional Overview:

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North America is expected to be a significant contributor to the global contactless biometrics market, accounting for approximately 35% of the growth during the forecast period. The region's developed economies and technologically advanced infrastructure make it conducive to the adoption of contactless biometric solutions. Major players in the biometrics industry are based in North America, contributing to technological advancements and innovative solutions. Furthermore, the increasing emphasis on security and privacy regulations in sectors such as finance and healthcare is driving the adoption of contactless biometric technologies.

During the COVID-19 pandemic, the contactless biometrics market experienced both challenges and opportunities. While the need for touchless authentication solutions grew, concerns about hygiene and the potential spread of the virus through touch surfaces led to heightened demand for contactless biometric systems that offer secure and convenient authentication methods.

Contactless Biometrics Market Customer Landscape:

The contactless biometrics market report provides insights into the adoption lifecycle of the market, from early adopters to late adopters. It examines the penetration rates across different regions and includes key factors influencing purchase decisions and price sensitivity.

Major Contactless Biometrics Market Companies:

Companies in the contactless biometrics market are employing diverse strategies such as partnerships, acquisitions, geographic expansion, and product launches to strengthen their market presence.

Example Companies:

Biometric Solutions Inc.: Offers contactless biometric solutions such as facial recognition access control systems, touchless fingerprint scanners, and iris recognition technology.
IDEMIA: Provides a range of contactless biometric solutions including fingerprint recognition, facial recognition, and iris scanning for secure authentication and identity verification.
Nuance Communications: Specializes in voice and speech recognition technology, expanding into contactless biometrics with voice-based authentication solutions.

The report also offers a comprehensive analysis of the competitive landscape, featuring information about key market players. Data is analyzed qualitatively and quantitatively to categorize companies based on their focus areas, dominance, and strength within the market.

Segment Overview:

The contactless biometrics market report forecasts revenue growth globally, regionally, and at the country level. It provides insights into trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Finance and Banking
Healthcare
Government and Law Enforcement
Retail and Hospitality
Others

Type Outlook (USD Million, 2019 - 2032)

Fingerprint Recognition
Facial Recognition
Iris Recognition
Voice Recognition
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
India
Japan

Latin America

Brazil
Mexico

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL CONTACTLESS BIOMETRICS MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. CONTACTLESS BIOMETRICS MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Contactless Biometrics Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. CONTACTLESS BIOMETRICS MARKET BY Technology INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Software

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Hardware

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Services

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. CONTACTLESS BIOMETRICS MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Hand Geometry

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Face

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Iris

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.5. Voice

6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.6. Fingerprint

6.6.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.6.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. CONTACTLESS BIOMETRICS MARKET REGIONAL OUTLOOK

7.1. Contactless Biometrics Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Contactless Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Contactless Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Contactless Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Contactless Biometrics Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Contactless Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Fujitsu Limited

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. NEC Corporation

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Fingerprint Cards AB

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. Aware Inc

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. nViaSoft

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. HID Global

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Gemalto N.V.

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. M2SYS Technology

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. IDEMIA

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Touchless Biometric Systems AG

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Contactless Biometrics Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032