Contactless Biometrics Technology - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Contactless Biometrics Technology Market is accounted for $6.66 billion in 2019 and is expected to reach $25.03 billion by 2027 growing at a CAGR of 18.0% during the forecast period. The growing popularity and need for more convenient and secure authentication systems and favourable regulatory scenario are the major factors driving the growth of the market. However, the high costs of contactless biometrics solutions and data theft or identity theft are hindering the growth of the market.
Contactless biometrics technology is a technique of identifying different faces on a large scale. It is used to enhance security through biometric face recognition. Besides, contactless biometrics is used to collect data of an individual through face detection, recognition, and on a cloud platform. Contactless biometrics technology is a highly accurate and reliable system for personal biometric identification (including contactless modalities) and used for registration, time attendance, and management of personnel.
Based on the component, the software segment is going to have a lucrative growth during the forecast period owing to the growing adoption of cloud-based services, artificial intelligence (AI), and machine learning (ML) for contactless biometrics solutions. Through fast software algorithms and machine-learning methods, manufacturers are developing contactless biometric high-tech sensor systems for fast and secure identity checks. The software also allows users to integrate the latest add-on features by just updating the software/application. The software allows users to detect faces, objects, and scenes to organize and filter their photos.
By geography, North America is anticipated to hold considerable market share during the forecast period due to the rising adoption of contactless biometrics solutions in defense and government application. Increasing demand for contactless biometrics solutions by payment solution providers to offer secure transactions to their customers in the region is further expected to drive the regional growth. Furthermore, increasing government initiatives to implement contactless biometrics solutions to deal with an increasing number of travellers and to increase security at airport facilities is expected to drive the regional demand.
Some of the key players profiled in the Contactless Biometrics Technology Market include Aware Inc., Fingerprint Cards AB, Fujitsu Limited, Gemalto N.V., HID Global, IDEMIA, M2SYS Technology, NEC Corporation, nViaSoft, and Touchless Biometric Systems AG.
Technologies Covered:
• Voice Recognition
• Hand Geometry
• Fingerprint
• Contactless Cards
Enterprise Sizes Covered:
• Large Enterprise
• Small & Medium Enterprise
Components Covered:
• Hardware
• Software
• Service
Applications Covered:
• Identity Verification
• Payments & Transactions
• Access Control
End Users Covered:
• Government & Law Enforcement
• Banking & Finance
• Consumer Electronics
• Healthcare
• Transport & Logistics
• Military & Defense
• Retail
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Contactless Biometrics Technology Market, By Technology
5.1 Introduction
5.2 Voice Recognition
5.3 Hand Geometry
5.4 Fingerprint
5.5 Contactless Cards
6 Global Contactless Biometrics Technology Market, By Enterprise Size
6.1 Introduction
6.2 Large Enterprise
6.3 Small & Medium Enterprise
7 Global Contactless Biometrics Technology Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Contactless Fingerprint Scanners
7.2.2 Facial Recognition Scanners
7.2.3 Iris Recognition Scanners
7.2.4 Palm Vein Scanners
7.3 Software
7.3.1 Integrated Biometrics Software
7.3.2 Standalone Software/Middleware
7.3.3 Facial Recognition Software
7.3.4 Vein Recognition Software
7.3.5 Iris Recognition Software
7.4 Service
7.4.1 Professional Services
7.4.1.1 Training and Consulting
7.4.1.2 Integration and Deployment
7.4.1.3 Support and Maintenance
7.4.2 Managed Services
8 Global Contactless Biometrics Technology Market, By Application
8.1 Introduction
8.2 Identity Verification
8.3 Payments & Transactions
8.4 Access Control
9 Global Contactless Biometrics Technology Market, By End User
9.1 Introduction
9.2 Government & Law Enforcement
9.3 Banking & Finance
9.4 Consumer Electronics
9.5 Healthcare
9.6 Transport & Logistics
9.7 Military & Defense
9.8 Retail
9.9 Other End Users
9.9.1 Automotive
9.9.2 Education
9.9.3 Hospitality
10 Global Contactless Biometrics Technology Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Aware Inc.
12.2 Fingerprint Cards AB
12.3 Fujitsu Limited
12.4 Gemalto N.V.
12.5 HID Global
12.6 IDEMIA
12.7 M2SYS Technology
12.8 NEC Corporation
12.9 nViaSoft
12.10 Touchless Biometric Systems AG
List of Tables
1 Global Contactless Biometrics Technology Market Outlook, By Region (2018-2027) ($MN)
2 Global Contactless Biometrics Technology Market Outlook, By Technology (2018-2027) ($MN)
3 Global Contactless Biometrics Technology Market Outlook, By Voice Recognition (2018-2027) ($MN)
4 Global Contactless Biometrics Technology Market Outlook, By Hand Geometry (2018-2027) ($MN)
5 Global Contactless Biometrics Technology Market Outlook, By Fingerprint (2018-2027) ($MN)
6 Global Contactless Biometrics Technology Market Outlook, By Contactless Cards (2018-2027) ($MN)
7 Global Contactless Biometrics Technology Market Outlook, By Enterprise Size (2018-2027) ($MN)
8 Global Contactless Biometrics Technology Market Outlook, By Large Enterprise (2018-2027) ($MN)
9 Global Contactless Biometrics Technology Market Outlook, By Small & Medium Enterprise (2018-2027) ($MN)
10 Global Contactless Biometrics Technology Market Outlook, By Component (2018-2027) ($MN)
11 Global Contactless Biometrics Technology Market Outlook, By Hardware (2018-2027) ($MN)
12 Global Contactless Biometrics Technology Market Outlook, By Contactless Fingerprint Scanners (2018-2027) ($MN)
13 Global Contactless Biometrics Technology Market Outlook, By Facial Recognition Scanners (2018-2027) ($MN)
14 Global Contactless Biometrics Technology Market Outlook, By Iris Recognition Scanners (2018-2027) ($MN)
15 Global Contactless Biometrics Technology Market Outlook, By Palm Vein Scanners (2018-2027) ($MN)
16 Global Contactless Biometrics Technology Market Outlook, By Software (2018-2027) ($MN)
17 Global Contactless Biometrics Technology Market Outlook, By Integrated Biometrics Software (2018-2027) ($MN)
18 Global Contactless Biometrics Technology Market Outlook, By Standalone Software/Middleware (2018-2027) ($MN)
19 Global Contactless Biometrics Technology Market Outlook, By Facial Recognition Software (2018-2027) ($MN)
20 Global Contactless Biometrics Technology Market Outlook, By Vein Recognition Software (2018-2027) ($MN)
21 Global Contactless Biometrics Technology Market Outlook, By Iris Recognition Software (2018-2027) ($MN)
22 Global Contactless Biometrics Technology Market Outlook, By Service (2018-2027) ($MN)
23 Global Contactless Biometrics Technology Market Outlook, By Professional Services (2018-2027) ($MN)
24 Global Contactless Biometrics Technology Market Outlook, By Managed Services (2018-2027) ($MN)
25 Global Contactless Biometrics Technology Market Outlook, By Application (2018-2027) ($MN)
26 Global Contactless Biometrics Technology Market Outlook, By Identity Verification (2018-2027) ($MN)
27 Global Contactless Biometrics Technology Market Outlook, By Payments & Transactions (2018-2027) ($MN)
28 Global Contactless Biometrics Technology Market Outlook, By Access Control (2018-2027) ($MN)
29 Global Contactless Biometrics Technology Market Outlook, By End User (2018-2027) ($MN)
30 Global Contactless Biometrics Technology Market Outlook, By Government & Law Enforcement (2018-2027) ($MN)
31 Global Contactless Biometrics Technology Market Outlook, By Banking & Finance (2018-2027) ($MN)
32 Global Contactless Biometrics Technology Market Outlook, By Consumer Electronics (2018-2027) ($MN)
33 Global Contactless Biometrics Technology Market Outlook, By Healthcare (2018-2027) ($MN)
34 Global Contactless Biometrics Technology Market Outlook, By Transport & Logistics (2018-2027) ($MN)
35 Global Contactless Biometrics Technology Market Outlook, By Military & Defense (2018-2027) ($MN)
36 Global Contactless Biometrics Technology Market Outlook, By Retail (2018-2027) ($MN)
37 Global Contactless Biometrics Technology Market Outlook, By Other End Users (2018-2027) ($MN)
38 Global Contactless Biometrics Technology Market Outlook, By Automotive (2018-2027) ($MN)
39 Global Contactless Biometrics Technology Market Outlook, By Education (2018-2027) ($MN)
40 Global Contactless Biometrics Technology Market Outlook, By Hospitality (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
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