Contactless Biometrics Market : A Look at the Industry’s Segments and Opportunities

The latest market intelligence report, titled ‘Global  Contactless Biometrics Market  ’, is intended to provide the target audience with the necessary information about the global  Contactless Biometrics Market  industry. The report comprises a detailed analysis of the vital elements of the  Contactless Biometrics Market  , including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.

The global contactless biometrics market size was USD 17.26 Billion in 2021 and is expected to register a revenue CAGR of 15.55% during the forecast period, according to the latest analysis by Emergen Research. Increasing funding for facial recognition systems is a major factor expected to support revenue growth of the market during the forecast period. In addition, revenue growth of the market is driven by rising demand from the banking, retail, and healthcare sectors as well as increase in smartphone use. Most consumers today depend on face and iris recognition technology to protect their possessions. Companies are implementing improved security features such as pulse biometric applications and others with highly developed Artificial Intelligence (AI)-based technologies to take advantage of this, which is contributing to revenue growth of the market.

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Covid 19 impact :

Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report.  The coronavirus outbreak has led to drastic changes in the current  Contactless Biometrics Market  business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the  Contactless Biometrics Market  growth assessed on both regional and global levels.

Key participants include  

• Fingerprint Cards AB
• Aware, Inc.
• Fujitsu Limited
• IDEMIA
• HID Global Corporation
• Touchless Biometric Systems AG
• nVIASoft Corporation
• NEC Corporation
• M2SYS Technology
• Blue Biometrics
• ASSA ABLOY
• MeReal Biometrics Limited
• Untethered Labs, Inc.
• T3K-Forensics GmbH

 Market Scope:

One of the report’s central components is the broad  Contactless Biometrics Market   segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period.

The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the  Contactless Biometrics Market  players.

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Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Contactless Biometrics Market  
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

Segmentation:

Emergen Research has segmented the global contactless biometrics market on the basis of offering, application, end-use, and region:

·        Offering Outlook (Revenue, USD Billion; 2019–2030)

• Multimodal Biometrics Solution
• Software
  1. Integrated Biometrics Software
  2. Standalone Software
     1. Vein Recognition
     2. Facial Recognition
     3. Iris Recognition
     4. Others

• Hardware
  1. Contactless Fingerprint Scanners
  2. Palm Vein Scanners
  3. Voice Recognition Devices
  4. Contactless Smart Cards & Readers
  5. Others
• Services
  1. Managed Services
  2. Professional Services

·        Application Outlook (Revenue, USD Billion; 2019–2030)

• KYC & Onboarding
• Criminal Identification & Forensic
• Access Control
• Others

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Highlights of the TOC: 

1. Report Overview 
   1.1 Research Scope
   1.2 Key Contactless Biometrics Market segments
   1.3  Contactless Biometrics Market  Major players
   1.4  Contactless Biometrics Market  analysis by product
   1.5  Contactless Biometrics Market  analysis by application
   1.6 Report timeline
2. Global Growth Trends 
   2.1 Global Contactless Biometrics Market size
   2.2 Latest  Contactless Biometrics Market  trends
   2.3 Key growth trends
3. Competitive Landscape 
   3.1 Global Contactless Biometrics Market key players
   3.2 Global  Contactless Biometrics Market  size by manufacturers
   3.3 Products of major players
   3.4 Entry barriers in the Contactless Biometrics Market  
   3.5 Mergers, acquisitions, joint ventures, and strategic alliances

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About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a ‘Circular Economy,’ fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.

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