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Global Contactless Biometric Market Size, Trends & Growth Opportunity By Technology ( Contactless Cards, Voice Recognition, Palm Vein Recognition, Iris Recognition, Facial Recognition, Contactless Fingerprint Technology), By Application ( Access Control,

Publisher QualiKet Research
Published Feb 11, 2023
Length 112 Pages
SKU # QUA17762599

Description

Global Contactless Biometric Market Size, Trends, and Growth Opportunity By Technology ( Contactless Cards, Voice Recognition, Palm Vein Recognition, Iris Recognition, Facial Recognition, Contactless Fingerprint Technology), By Application ( Access Control, Payments & Transactions, Identity Verification), By Component (Hardware, Software, Services, Managed ), By Industry Vertical (Retail, Military & Defense, Healthcare, Government & Law Enforcement, BFSI, Others), By Region, and Forecast till 2027.

Global Contactless Biometric Market

The global contactless biometric market was valued at USD 7.92 billion in 2021 which is expected to reach USD 23.87 billion by 2027, at a CAGR 22.68% from 2022 -2027.

Contactless biometrics is the identification of various faces on a large scale. Face recognition technology is used to improve security. Furthermore, contactless biometrics collect data from individuals via a cloud-based platform.

Market Drivers

The increased adoption of cloud-based services such as artificial intelligence and machine learning is expected to drive the growth of the global contactless biometric market. Furthermore, the increased penetration of smartphones and tablets, combined with the company's focus on manufacturing facial recognition software in smartphones through the addition of a verification layer to unlock the smartphones, is expected to drive market growth. Furthermore, increased government legalisation to encourage the use of contactless authentication technology will drive market growth in the near future. Furthermore, widespread adoption of this technology in the healthcare sector will significantly expand the market.

Market Restraints

However, the high cost of contactless biometrics is expected to limit the global contactless biometrics market's growth.

Market Segmentation

The global contactless biometric market is segmented into technology such as Contactless Cards, Voice Recognition, Palm Vein Recognition, Iris Recognition, Facial Recognition, and Contactless Fingerprint Technology, by application such as Access Control, Payments & Transactions, and Identity Verification, by component such as Hardware, Software, Services, and Managed. Further, market is segmented into industry vertical, such as Retail, Military & Defense, Healthcare, Government & Law Enforcement, BFSI, and Others.

Regional Analysis Also, the global contactless biometric market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America dominated the contactless biometric market. This dominance can be attributed to the presence of technology providers in the region, including nVIAsoft Corporation, HID Global, M2SYS Technology, and BioConnect. Increasing demand for contactless biometric solutions by payment solution providers in the region to provide secure transactions to their customers is expected to drive regional growth. For example, SnapPay, Inc., a payment solutions provider, announced the availability of facial recognition-based payment technology for merchants in North America in October 2019.

Market Key Players

Various key players are discussed in this report, such as Biorugged, Vision-Box, Aware, Cognitec, Authen Trend, IRIS ID, JENETRIC, Regula, Telpo, and IrisGuard.

Market Taxonomy

By Technology
  • Contactless Cards
  • Voice Recognition
  • Palm Vein Recognition
  • Iris Recognition
  • Facial recognition
  • Contactless Fingerprint Technology
By Application
  • Access Control
  • Payments & Transactions
  • Identity Verification
By Component
  • Hardware
  • Software
  • Services
  • Managed
By Industry Vertical
  • Retail
  • Military & Defense
  • Healthcare
  • Government & Law Enforcement
  • BFSI
  • Others
By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Table of Contents

112 Pages
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Contactless Biometric Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Contactless Biometric Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Contactless Biometric Market Share Analysis, by Technology
5.3 Global Contactless Biometric Market Size and Forecast, by Technology
5.3.1 Contactless Cards
5.3.2 Voice recognition
5.3.3 Palm Vein Recognition
5.3.4Iris Recognition
5.3.5 Facial Recognition
5.3.6Contacless Fingerprint Technology
6 Global Contactless Biometric Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Contactless Biometric Market Share Analysis, By Application
6.3 Global Contactless Biometric Market Size and Forecast, By Application
6.3.1 Access Control
6.3.2 Payment & Transactions
6.3.3Identify Verification
7 Global Contactless Biometric Market, By Component
7.1 Y-o-Y Growth Comparison, By Component
7.2 Global Contactless Biometric Market Share Analysis, By Component
7.3 Global Contactless Biometric Market Size and Forecast, By Component
7.3.1 Hardware
7.3.2 Software
7.3.3 Services
7.3.4Managed
8 Global Contactless Biometric Market, By Industry Vertical
8.1 Y-o-Y Growth Comparison, By Industry Vertical
8.2 Global Contactless Biometric Market Share Analysis, By Industry Vertical
8.3 Global Contactless Biometric Market Size and Forecast, By Industry Vertical
8.3.1 Retail
8.3.2 Military & Defence
8.3.3 Healthcare
8.3.4Government & Law Enforcement
8.3.5BFSI
8.3.6 Others
9Global Contactless Biometric Market, By Region
9.1 Global Contactless Biometric Market Share Analysis, By Region
9.2 Global Contactless Biometric Market Share Analysis, By Region
9.3 Global Contactless Biometric Market Size and Forecast, By Region
10 North America Contactless Biometric Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Contactless Biometric Market Share Analysis, By Technology
10.3 North America Contactless Biometric Market Size and Forecast, By Application
10.4 North America Contactless Biometric Market Size and Forecast, By Component
10.5 North America Contactless Biometric Market Size and Forecast, By Industry Vertical
10.6 North America Contactless Biometric Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11Europe Contactless Biometric Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Contactless Biometric Market Share Analysis, By Technology
11.3 Europe Contactless Biometric Market Size and Forecast, By Application
11.4 Europe Contactless Biometric Market Size and Forecast, By Component
11.5 Europe Contactless Biometric Market Size and Forecast, By Industry Vertical
11.6 Europe Contactless Biometric Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12Asia Pacific Contactless Biometric Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Contactless Biometric Market Share Analysis, By Technology
12.3 Asia Pacific Contactless Biometric Market Size and Forecast, By Application
12.4 Asia Pacific Contactless Biometric Market Size and Forecast, By Component
12.5 Asia Pacific Contactless Biometric Market Size and Forecast, By Industry Vertical
12.6 Asia Pacific Contactless Biometric Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Contactless Biometric Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Contactless Biometric Market Share Analysis, By Technology
13.3 Latin America Contactless Biometric Market Size and Forecast, By Application
13.4 Latin America Contactless Biometric Market Size and Forecast, By Component
13.5 Latin America Contactless Biometric Market Size and Forecast, By Industry Vertical
13.6 Latin America Contactless Biometric Market Size and Forecast, By Country
14Middle East Contactless Biometric Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Contactless Biometric Market Share Analysis, By Technology
14.3 Middle East Contactless Biometric Market Size and Forecast, By Application
14.4 Middle East Contactless Biometric Market Size and Forecast, By Component
14.5 Middle East Contactless Biometric Market Size and Forecast, By Industry Vertical
14.6 Middle East Contactless Biometric Market Size and Forecast, By Country
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16Company Profiles
16.1 Biorugged
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Vision-Box
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Aware
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Cognitec
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Authen Trend
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 IRIS ID,JENETRIC
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Regula
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Telpo
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 IrisGuard
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies

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