Report Code: A08844 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Contactless Biometrics Technology Market
Request Now !Contactless biometrics technology is a biometric authentication method, which does not allow the user to conduct any physical contact with the device. Contactless biometrics technology is a highly accurate and secure method for personal biometric identification (including contactless modalities) and employed for staff registration, time attendance, and management. Furthermore, contactless biometrics are used to collect an individual's data through face detection, recognition, and cloud plat forming. In addition, rising demand for high safety standards in the commercial, public, and private sectors is expected to drive the market growth. Furthermore, it isexpected that growinguse of automatic identification and data capture (AIDC) technology acrossindustries such as e-commerce, retail industries, BFSI industry, and border control applications; and increased support from governments to encourage use of touch less authentication technology is anticipated to drive market development.
COVID-19 scenarioAnalysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Growth adoption of contactless biometrics solutions in financial institutions for the secure financial transactions across the globe is anticipated to fuel the market growth. The contactless biometrics technology enables longer running times with less cleaning and less consumables, minimizing the maintenance cost. However, the higher cost of contactless biometrics solutions is anticipated to hamper to the growth to some extent of the market for contactless biometrics technology. Moreover, identity theft or data theft is a significant growth risk as it can pose a serious threat to the protection of sensitive information, or even increase the threat to national security.
The globalcontactless biometrics technology market trends are as follows:
Increase in adoption of Artificial Intelligence (AI) and Machine Learning (ML)
Increasing implementation of cloud-based services such as Artificial Intelligence (AI) and Machine Learning (ML) for contactless biometrics technology is expected to drive demand for contactless biometrics technology, to improve system compatibility for various applications.
Rise inadoption of smartphones and tablets
Rising penetration of smartphones and tablets coupled with focus of manufacturers on facial recognition software for their smartphones is anticipated to drive the demand for contactless biometrics solutions as an added layer of verification to unlock their smartphones. Contactless biometrics also offers encrypted access to applications and allows payments authenticated.
Growth in adoption of contactless technology in various industry verticals
High adoption rates of biometrics in the healthcare sector are expected to drive the contactless biometrics technology market. In addition, due to high implementation of touchless biometrics systems for government and military applications, North America is expected to lead the global contactless biometrics technology market. Also, the increasing numbers of air travelers around the globe have increased demand at airport facilities for more secure and advanced identifying solutions. The solutions estimate the vital signs of a passenger, allowing for touchless health screenings at airport kiosks through voice recognition. Furthermore, by implementing temperature sensors to capture body temperature and imaging cameras, manufacturers are also focusing on advancing their existing contactless biometrics solutions.
Key benefits of the report:
Questions answered in thecontactless biometrics technology market research report:
Contactless Biometrics Technology Market Report Highlights
Aspects | Details |
---|---|
By Component |
|
By End User |
|
By Region |
|
Key Market Players | M2SYS Technology, Aware Inc., Fujitsu Limited, Touchless Biometric Systems AG, Thales Group, HID Global Corporation, nViaSoft, IDEMIA, Fingerprint Cards AB, NEC Corporation |
Start reading.
This Report and over 67,068+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers