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Contactless Biometrics Technology Market

Contactless Biometrics Technology - Global Market Outlook (2019-2027)

4.1 (82 reviews)
Published: July 2020 ID: SMRC19613
4.1 (82 reviews)
Published: July 2020 ID: SMRC19613

This report covers the impact of COVID-19 on this global market

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

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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