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    Contactless Biometrics Technology Market Report

    Contactless Biometrics Technology Market Report
    Report code - SRCG205 Delivery - 2 Weeks
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    Contactless Biometrics Technology Market Size, Share, Trend, Forecast, & Industry Anal See more...

    Impact of COVID-19 on Contactless Biometrics Technology Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Contactless Biometrics Technology Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Contactless Biometrics Technology market is expected to witness a healthy CAGR of 18.4% over the next five years. Rising demand for high level of security in the commercial, public, private sector companies coupled with growing safety concerns towards health and hygiene amid the outbreak of COVID-19 is likely to create healthy growth opportunities in the near future.

    Contactless Biometrics Technology Market - Snapshot

    Growth

    18.4% for the next five year

    Major Component Type

    Software

    Dominant End-User Type

    Government

    Region with the highest demand

    North America

    Key Players

    Touchless Biometric Systems AG, Fingerprint Cards AB, Fujitsu Limited, NEC Corporation, nViaSoft, IDEMIA, Thales Group, Aware Inc., HID Global Corporation, and M2SYS Technology.

    Segment Analysis

    Contactless-Biometrics-Technology-Market-Dominant-Segments

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    Contactless Biometrics Technology Market Share: By Component Type

    Based on the component type, the market is segmented as hardware, software, and services. The software segment is expected to remain dominant in the market during the forecast period, propelled by growing adoption of artificial intelligence and machine learning to enhance their operations in various applications.

    Contactless Biometrics Technology Market Share: By End-User Type

    Based on the end-user type, the contactless biometrics technology market is segmented as government, banking & finance, consumer electronics, healthcare, transport & logistics, defense & security, and others. The government segment dominated the market and is also expected to remain dominant during the forecast period, owing to the rising adoption of contactless biometrics technology by several governments across the world to reduce and control the criminal activities across the nation.

    Contactless Biometrics Technology Market Share: By Region

    In terms of region, North America is likely to maintain its supremacy in the market during the forecast period, mainly driven by high demand for advanced technologies in the USA and Canada. Robust supply chain across the region with presence of large number of contactless biometrics technology providers as well as large consumer base is the key growth propeller of the market.

    Contactless-Biometrics-Technology-Market-By-Region

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    Market Scope & Segmentation

    Contactless biometric technology is an electronic device used to record and recognize the exclusive traits of an individual to identify them to grant access to systems, devices or data or to record attendance in an organization.

    Contactless biometric technology offers several benefits, such as speed and efficiency, social distancing, temperature scanning, store health check information, and can identify users wearing masks.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Contactless Biometrics Technology Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    12

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The contactless biometrics technology market is segmented into the following categories. 

    Contactless Biometrics Technology Market Size, Share, & Forecast, by Component Type:

    • Hardware (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Software (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Services (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Contactless Biometrics Technology Market Size, Share, & Forecast, by Application Type:

    • Face (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hand Geometry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Voice (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fingerprint (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Iris (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Contactless Biometrics Technology Market Size, Share, & Forecast, by End-User Type:

    • Government (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Banking & Finance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transport & Logistics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Defense & Securities (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Contactless Biometrics Technology Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Contactless-Biometrics-Technology-Market-Segmentation

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    Key Players

    Some of the major contactless biometric technology manufacturers are-

    • Touchless Biometric Systems AG
    • Fingerprint Cards AB
    • Fujitsu Limited
    • NEC Corporation
    • nViaSoft
    • IDEMIA
    • Thales Group
    • Aware Inc.
    • HID Global Corporation
    • M2SYS Technology.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by component type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The contactless biometric technology market is expected to witness an impressive growth of 18.4% CAGR in the foreseeable future.

    Touchless Biometric Systems AG, Fingerprint Cards AB, Fujitsu Limited, NEC Corporation, nViaSoft, IDEMIA, Thales Group, Aware Inc., HID Global Corporation, and M2SYS Technology are among the key players in the contactless biometric technology market.

    North America is expected to maintain its supremacy in the contactless biometric technology market during the next five years.

    The software segment is expected to remain dominant in the contactless biometric technology market in the coming years.

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