The latest study on the Contactless Biometrics Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 – 2030 . Contactless Biometrics Market Relevant data on the sudden shift in consumer preferences, spending power and consumption volume worldwide further makes this study more precise. Special emphasis on recent developments including collaborations, joint ventures, mergers & acquisitions and technology upgrades occupies an important section in the study. The SWOT analysis performed during the study identifies the strengths, weaknesses, threats and opportunities in store for key vendors operating
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.
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Covid 19 impact analysis : The reort is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
Market Drivers :
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Key Points of Contactless Biometrics Market :
Extensive coverage of the analysis of the Contactless Biometrics Market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Contactless Biometrics Market market
Complete data about the key manufacturers and vendors in the Contactless Biometrics Market market
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., and T3K-Forensics GmbH.
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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
Integrated Biometrics Software
Standalone Software
Vein Recognition
Facial Recognition
Iris Recognition
Others
Hardware
Contactless Fingerprint Scanners
Palm Vein Scanners
Voice Recognition Devices
Contactless Smart Cards & Readers
Others
Services
Managed Services
Professional Services
Application Outlook (Revenue, USD Billion; 2019–2030)
KYC & Onboarding
Criminal Identification & Forensic
Access Control
Others
Regional Analysis:
The report sheds light on the region expected to dominate the Contactless Biometrics Market market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Contactless Biometrics Market market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
Radical Highlights of the Contactless Biometrics Market Report:
Comprehensive overview of the Contactless Biometrics Market market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Contactless Biometrics Market market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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