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Verifying the collected data in terms of accuracy and reliability. Turkey Contactless Biometrics Technology Market Analysis, 21.20. The suite provides a cloud-based, configurable identity management software platform that can be used for data management and rapid prototyping. Contactless Biometrics Technology Market is Anticipated to Grow at US$ 71,407.4 Mn by 2030 By Ankush Nikam Posted on October 17, 2022 The size of the contactless biometrics technology market is projected to increase by 17.6% between 2022 and 2030, from US$ 19,456.1 million in 2022 to US$ 71,407.4 million by 2030. In addition, the Contactless Biometrics Technology Market is expected to rise due to the increasing usage of iris technology by state and local authorities for border security. Free report customization (equivalent to up to 4 analyst working days) with purchase. Contactless biometrics technology is majorly used in identity verification applications such as physical access control for visitors and staff, access to enterprise-wide IT systems, time and attendance systems, payment solution and others. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. Constant technological advances in enhanced. The process through which a persons exclusive traits are recorded and recognized by means of an electric device is known as Biometrics, the contactless biometric technology is nothing but it offers the use of touchless authentication technology which offers a safer mode reliant on convenience and hygiene in which this technology is exceptionally accurate and also the consistent system for the detection of personal biometrics and it is also applied for the registration, turnout and administration of the personnel. The pandemic also brought contactless biometrics to broader use for early detection, public safety monitoring, and patient screening. Thus increasing government legislation supporting or encouraging the use of technology and advancements in security technology are supporting growth of the market. Moreover, H1,2022(O)-H1,2021(A) grew by 107 BPS points. U.S. Contactless Biometrics Technology Market Analysis, 21.2. The population around the globe had restricted themselves going out of their home and edge towards confining themselves to their homes which is impacting all the market negatively or positively.According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections. For instance, in May 2019, Touchless Biometric Systems announced about its partnership with Nedap, a leading access control system providers. In April 2020, Fujitsu Frontech acquired Fulcrum Biometrics, biometric hardware, software, and solutions provider based in Texas. >>> Get | Download Sample Report @ https://www.verifiedmarketresearch.com/download-sample/?rid=42554. Market Attractiveness Analysis By Application, 13. Global Contactless Biometrics Technology Market Analysis 2015-2021 and Forecast 2022-2030, by Region, 14.2. France Contactless Biometrics Technology Market Analysis, 21.8. East Asia Contactless Biometrics Technology Market Analysis 2015-2021 and Forecast 2022-2030, 19.2. Government segment dominated the market in 2019 and is expected to maintain its dominance over the forecast period. The major market players include Touchless Biometric Systems AG, Fingerprint Cards AB, IDEMIA, nViaSoft, Fujitsu Limited, NEC Corporation, Gemalto N.V., Aware Inc., HID Global and M2SYS Technology. Historical Market Volume (000 Units) Analysis, 2015-2021, 7.2. Current and Future Market Volume (000 Units) Projections, 2022-2030, 8. This has resulted in disruptions of supply chains. Your request is being processed, Access the study in MULTIPLE FORMATS Purchase options starting from $ 2500, Didnt find what youre looking for? We also collect and mix the data from our previous market research reports. On the basis of region, the Contactless Biometrics Technology market is segmented into North America region, Asia Pacific region, Europe region, Latin America region and Middle East and Africa region. Contactless biometrics also provides secure access to apps and authenticates payments. Digi-Key assisted the previous company in reaching out to new potential markets and application areas. The global contactless biometrics technology market size is expected to reach USD 30.15 billion by 2027, registering a Compound Annual Growth Rate (CAGR) of 20.3% from 2020 to 2027, according to a new study by Grand View Research, Inc. The global contactless biometrics technology Market is characterized by the presence of various small and big players. The global contactless biometrics technology market size was valued at USD 6.92 billion in 2019 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 20.3% from 2020 to 2027. Precedence Research, Contactless Biometrics Technology Market Size, Share 2022-2030. CONTACTLESS BIOMETRICS TECHNOLOGY MARKET 3 KEY PLAYERS Some of the key stakeholders in the contactless biometrics technology market are Touchless Biometric Systems AG, NEC Corporation, M2SYS. The global Contactless Biometrics Technology market size will reach USD 24660 million in 2028, growing at a CAGR of 17.5% over the analysis period. All of this is fed to the research model which then churns out the relevant data for market study. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. How big is the contactless biometrics technology market? The latest research report on Contactless Biometrics Technology market covers the past and present business landscape to provide a detailed analysis of the industry performance over 2021-2027. The contactless biometrics market size is projected to grow from USD 19.7 Billion in 2022 to USD 39.8 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.1% ReportLinker May 18,. Russia Contactless Biometrics Technology Market Analysis, 21.12. Thus rising adoption of contactless fingerprint recognition, facial recognition, palm vein recognition, iris recognition, and others in identity verification applications is set to drive the market growth. North America leads the market contributing revenue share of more than 31% in 2020 and will continue to grow significantly over the forecast period. In order to minimize the criminal activities, the Governments across the globe adopted using the contactless biometrics technology. New Latest Study On Overview of " Contactless Biometrics Technology Market": The Research Report is one of the most comprehensive and important data about business strategies, qualitative and quantitative analysis of Global Market and describes necessary factors like Top manufacturers, production worth, leading growth drivers, restraints . Therefore, massive presence of such companies in the country ultimately propels the demand for the contactless biometrics technology market. Scope of the Contactless Biometrics Technology Market Report, No cookie-cutter, only authentic analysis take the 1st step to become an Precedence Research client. Contactless Biometrics Technology Market Absolute $ Opportunity (US$ Mn), 2015 2030, Figure 133: Rest of South Asia & Pacific Contactless Biometrics Technology Market Absolute $ Opportunity (US$ Mn), 2015 2030, Figure 134: South Asia & Pacific Contactless Biometrics Technology Market: Market Attractiveness by Country, Figure 135: Middle East & Africa Contactless Biometrics Technology Market Value (US$ Mn), 2015-2021, Figure 136: Middle East & Africa Contactless Biometrics Technology Market Value (US$ Mn), 2022-2030, Figure 137: Middle East & Africa Contactless Biometrics Technology Market: Market Share Analysis by Technology 20222030, Figure 138: Middle East & Africa Contactless Biometrics Technology Market: Y-o-Y Growth Comparison by Technology, 20222030, Figure 139: Middle East & Africa Contactless Biometrics Technology Market: Market Attractiveness by Technology, Figure 140: Middle East & Africa Contactless Biometrics Component Market: Market Share Analysis by Component 20222030, Figure 141: Middle East & Africa Contactless Biometrics Component Market: Y-o-Y Growth Comparison by Component, 20222030, Figure 142: Middle East & Africa Contactless Biometrics Component Market: Market Attractiveness by Component, Figure 143: Middle East & Africa Contactless Biometrics Application Market: Market Share Analysis by Application 20222030, Figure 144: Middle East & Africa Contactless Biometrics Application Market: Y-o-Y Growth Comparison by Application, 20222030, Figure 145: Middle East & Africa Contactless Biometrics Application Market: Market Attractiveness by Application, Figure 146: Middle East & Africa Contactless Biometrics Industry Market: Market Share Analysis by Industry 20222030, Figure 147: Middle East & Africa Contactless Biometrics Industry Market: Y-o-Y Growth Comparison by Industry, 20222030, Figure 148: Middle East & Africa Contactless Biometrics Industry Market: Market Attractiveness by Industry, Figure 149: Middle East & Africa Contactless Biometrics Technology Market: Market Share Analysis by Region 20222030, Figure 150: Middle East & Africa Contactless Biometrics Technology Market: Y-o-Y Growth Comparison by Region, 20222030, Figure 151: GCC Countries Contactless Biometrics Technology Market Absolute $ Opportunity (US$ Mn), 2015 2030, Figure 152: Turkey Contactless Biometrics Technology Market Absolute $ Opportunity (US$ Mn), 2015 2030, Figure 153: South Africa Contactless Biometrics Technology Market Absolute $ Opportunity (US$ Mn), 2015 2030, Figure 154: Rest of MEA Contactless Biometrics Technology Market Absolute $ Opportunity (US$ Mn), 2015 2030, Figure 155: Middle East & Africa Contactless Biometrics Technology Market: Market Attractiveness by Region, Figure 156: U.S. Contactless Biometrics Technology Market Analysis, Figure 157: Canada Contactless Biometrics Technology Market Analysis, Figure 158: Mexico Contactless Biometrics Technology Market Analysis, Figure 159: Brazil Contactless Biometrics Technology Market Analysis, Figure 160: Germany Contactless Biometrics Technology Market Analysis, Figure 61: Italy Contactless Biometrics Technology Market Analysis, Figure 162: France Contactless Biometrics Technology Market Analysis, Figure 163: U.K. Contactless Biometrics Technology Market Analysis, Figure 164: Spain Contactless Biometrics Technology Market Analysis, Figure 165: BENELUX Contactless Biometrics Technology Market Analysis, Figure 166: Russia Contactless Biometrics Technology Market Analysis, Figure 167: China Contactless Biometrics Technology Market Analysis, Figure 168: Japan Contactless Biometrics Technology Market Analysis, Figure 169: South Korea Contactless Biometrics Technology Market Analysis, Figure 170: India Contactless Biometrics Technology Market Analysis, Figure 171: ASEAN Contactless Biometrics Technology Market Analysis, Figure 172: Australia and New Zealand Contactless Biometrics Technology Market Analysis, Figure 173: GCC Countries Contactless Biometrics Technology Market Analysis, Figure 174: Turkey Contactless Biometrics Technology Market Analysis, Figure 175: South Africa Contactless Biometrics Technology Market Analysis. What will be your strategy to make top customers shift towards your brand? The leftover data is properly validated and its authenticity (of source) is checked before using it further. Iris recognition, face recognition, voice recognition, and fingerprint recognition are some segments based on type. Competitive landscape and component benchmarking, Market revenue estimates and forecast up to 2027, Market revenue estimates and forecasts up to 2027, by technology, Market revenue estimates and forecasts up to 2027, by application, Market revenue estimates and forecasts up to 2027, by type, Market revenue estimates and forecasts up to 2027, by component, Regional market revenue forecasts, by technology, Regional market revenue forecasts, by application, Regional market revenue forecasts, by type, Regional market revenue forecasts, by component, Impact on each country and various region, Positive and negative scenarios of the market during the ongoing pandemic, Impact on various sectors facing the greatest drawbacks are manufacturing, transportation and logistics, and retail and consumer goods. The global contactless biometrics market was valued at USD 18.69 billion in 2021 and is expected to grow at a CAGR 15.2% during the forecast period. Another factor such as increasing support from the government legislation to encourage the use of touchless authentication technology across the globe which influence the growth of Contactless Biometrics Technology market during the forecast period. Oct 27, 2022. South Africa Contactless Biometrics Technology Market Analysis, 22.4.1.3. Key Market Participants - Intensity Mapping, 16. Key Action Points for Biometrics Technology Vendors, 6.1. Current and Future Market Size (US$ Mn) Analysis and Forecast By Industry, 2022 2030, 13.3.6. By Component, Application, End User, and Region. According To The Insight Partners the Global Contactless Biometrics Market 2028 that centers around Contactless Biometrics market examines the significant components with a top to bottom methodology and empowers the client to survey the drawn-out based interest additionally predicts explicit executions. Data or identity theft is a major challenge for growth because it can harm the security of critical information or even increase national security threats. Market Size (US$ Mn) and Volume (000 Units) Forecast By Market Taxonomy, 2022 - 2030, 20.5. Historical Market Size (US$ Mn) Analysis By Application, 2015 - 2021, 12.3. The COVID-19 outbreak is a major driver of the development and acceptance of contactless biometric technologies. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Aug 08, 2022 (AmericaNewsHour) -- Research Nester published a report titled "Contactless Biometrics Technology Market: Global Demand Analysis &. Therefore, it is expected to boost the facial recognition segment during forecasted period. . For instance, in October 2019, SnapPay, Inc., a provider of payment solutions, announced the availability of facial recognition-based payment technology for merchants in North America. As the effect of COVID-19 spreads, the overall market has been impacted by COVID-19 and the growth rate has also been impacted in 2019-2020. Growing usage of Automatic Identification and Data Capture (AIDC) technology in the e-commerce and retail industry, BFSI sector, border control applications, and increasing support from government legislation to encourage the use of touchless authentication technology is further expected to drive the market growth. The agreement focused on biometric cards as well as access devices such as physical access cards and FIDO devices for logical access. Thus, such government initiatives and rising digitalization development in the country is expected to propel the demand for the contactless biometrics technology in Japan. Contactless biometrics technology is a trustworthy technology that enhances the security of the personal authentication system. Currently, the U.S. market anticipate for the largest consumption of contactless biometrics technology in North America region, and is expected to grow at 16.7% CAGR during 2022-30. Current and Future Market Size (US$ Mn) Analysis and Forecast By Technology, 2022 - 2030, 10.3.1. The market size of government & law enforcement segment is expected to expand up to 4.1X of by 2030 and it is set to register the highest growth at the rate of CAGR 19.3% during 2022-30. Contactless Biometrics Technology Market by Component (Hardware, Software, Service) Application (Face, Fingerprint, Hand Geometry, Iris, Voice, Others) - Global Industry Analysis & Forecast to 2027,The Contactless Biometrics Technology Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. The Contactless Biometrics Technology Market was worth US$ 8.25 billion in the year 2020, and it is estimated to reach a valuation of US$ 30.15 billion by the end of 2026, expanding at an annual growth rate of 20.3% between 2021 and 2026. The software allows users to detect faces, objects, and scenes to organize and filter their photos. System Integration & Deployment, 11.4. The entire contactless biometrics technology market has been sub-categorized into component, application and end-use. The Ministry of Civil Aviation in India also intends to roll out various facial recognition systems in airports direct the aviation system towards paperless travelling. Global Contactless Biometrics Technology Market Demand (in Volume in 000 Units) Analysis 2015-2021 and Forecast, 2022-2030, 7.1. The report provides an analysis of these subsets with respect to the geographical segmentation. The Contactless Biometrics Technology Market was worth US$ 8.25 billion in the year 2020, and it is estimated to reach a valuation of US$ 30.15 billion by the end of 2026, expanding at an annual growth rate of 20.3% between 2021 and 2026. For understanding the entire market landscape, we need to get details about the past and ongoing trends also. A growing number of air travelers across the globe has increased the demand for more secured and advanced identification solutions at airport facilities. The access control performs a 3D scan and verification of fingers and offers a hygienic and secure identification experience to the users. Key players operating in the global contactless biometrics technology market are: Aware Inc. Fingerprint Cards AB Fujitsu Limited Apr 01, 2022 (AmericaNewsHour) -- Kenneth Research, in its repository of market research reports, have recently added a report on the Contactless Biometrics. In the midst of the COVID-19 outbreak, which will increase demand, the technology provides an innovative and much safer mode based on hygiene and convenience. Thus presence of developed infrastructure and government initiatives in adoption of biometric identification solutions is ultimately fuels the demand for the contactless biometrics technology market during forecasted period. North America, Latin America, Europe, East Asia, South Asia and Pacific, and Middle East & Africa. All these attributes are expected to drive the growth of the Contactless Biometrics Technology Market. Factors such as growing number of air travelers across the globe which has increased the demand for more secured and advanced identification solutions at the airport facilities are some of the major driving factors which promotes the growth of the revenue rate of Contactless Biometrics Technology market during the forecast period. Middle East and Africa is likely to have the fastest growth rate in the forecast period 2022 - 2027. Governments across the globe started adopting contactless biometrics technology to minimize and control criminal activities. Current and Future Market Size (US$ Mn) and Volume (000 Units) Analysis and Forecast By Component, 2022 - 2030, 11.3.1.1. Contactless Biometrics Technology Market is Recording 17.6% during 2022-2030 By Ankush Nikam Posted on April 28, 2022 The market for contactless biometrics technology is estimated to expand to US$ 71,407.4 Mn by 2030, with a 17.6% CAGR from 2022 to 2030. Furthermore, the surge in demand for smartphones with face recognition software is estimated to foster the market growth. Further, the report . The healthcare end use segment also leads the market contributing more than 27% of revenue share in 2020 and is anticipated to grow significantly during the forecast period owing to the rapid technological advancements and AI-powered face and iris identification system used in the hospitals to trace patients without using physical tracking devices. UK Border Agency used biometric identification in British primary and secondary schools. Retailers are aware of the consumer's desire to use contactless payments. IDEMIA, nViaSoft, Fujitsu Limited, NEC Corporation, Touchless Biometric Systems AG, Fingerprint Cards AB, Gemalto N.V., Aware Inc., HID Global, and M2SYS Technology and Others. For instance, on 15th July 2021, HID Global, a worldwide leader in trusted identity solutions, announced that the Arcos Bosques Torre 1 (Tower 1) has deployed its access control solutions to increase the security and better manage visitor entry.

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