CHICAGO, May 9, 2022 /PRNewswire/ -- According to a research report "Contactless Biometrics Market with COVID-19 Impact Analysis by Offering (Multimodal Biometrics Solution, Hardware, Software, Services), Software (Face Recognition, Iris Recognition), Application, Vertical and Region - Global Forecast to 2027", published by MarketsandMarkets™, 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% during the forecast period. The major driving factors contributing to the high growth rate of Contactless Biometrics Market include increased use of contactless biometrics technology post the pandemic, government initiatives that support the adoption of contactless biometrics solutions, smartphones and tablet adoption, and growing security concerns and hygiene issues among users due to touch-based systems.
Browse in-depth TOC on "Contactless Biometrics Market"
370 – Tables
42 – Figures
277 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222379960
By offering, the services segment to register the highest growth rate during the forecast period
Based on offerings, contactless biometrics services have witnessed a growing demand in recent years. Contactless biometric services deliver biometric onboarding and authentication capabilities, and it eliminates the cost associated with the database, network, and storage components. Contactless biometrics services include professional services and managed services. Professional services are further classified into training and consulting services, feasibility assessment services, analysis, and advisory services. Managed services are expected to grow at a higher rate as it offers organizations to reduce effort, time, money, and risks. Its demand is driven by increasing users and data-security initiatives by the government. Moreover, the growing usage of mobile devices and rising demand for robust fraud detection and prevention systems is also helping the market.
Based on application area, the criminal identification and forensics segment to grow at the highest CAGR during the forecast period
The contactless biometric solutions are very useful during criminal investigation. Forensic biometrics uses fingerprints, palm prints, hand vasculature, hand shape, face, DNA, face, voice, iris, etc. In February 2022, Edmonton Police Service (EPS) in Canada adopted NeoFace Reveal facial recognition solution by NEC Corporation for identifying suspects in investigations through CCTV footage and photos. The software will help the police force with their databases that include criminal photos earlier charged for heinous crimes. Also, the software enables the detection of false information of the individuals in custody through facial recognition abilities.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=222379960
North America to hold the largest market share during the forecast period.
The rising security concerns due to abrupt terrorist activities as well as illegal immigrants entering the region have increased the demand for contactless biometric technologies to maintain high-level security. As identified by the US Federal Trade Commission, identity theft problems could drive the adoption of advanced authentication methods. The emergence of various government regulations and standards for the protection and security of personal data and to regulate its collection and use of biometric data has led to the promotion of biometric technologies for authentication and verification purposes. Touchless biometric products and workforce management platforms are in demand in North America due to the COVID-19 pandemic. The return to work is also scattered with various health concerns. A need for preventive measures has been created in the workplaces, shopping malls, airports, and other public places. Contactless biometric vendors in North America are helping companies, organizations and government entities implement safer work environment solutions.
Market Players:
Key and innovative vendors in Contactless Biometrics Market include Aware (US), Fingerprint Cards AB (Sweden), Fujitsu (Japan), HID Global (US), IDEMIA (France), M2SYS Technology (China), NEC Corporation (Japan), nVIAsoft (US), Touchless Biometric Systems (Switzerland), Thales (France), Veridium (UK), BioConnect (Canada), Innovatrics (Slovakia), Cognitec Systems (Germany), DERMALOG Identification Systems (Germany), SecuGen (US), Neurotechnology (Lithuania), Shufti Pro (UK), Fidentity (Switzerland), Daon (US), NVISO (Switzerland), Noldus (The Netherlands), Blue Biometrics (Australia), True Face (US), Veridos (Germany), and ID R&D (US).
Browse Adjacent Markets: Information Security Market Research Reports & Consulting
Related Reports:
Facial Recognition Market by Component (Software Tools (3D Facial Recognition) and Services), Application (Law Enforcement, Access Control, Emotion Recognition), Vertical (BFSI, Government and Defense, Automotive), and Region - Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/touchless-contactless-biometrics-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/touchless-contactless-biometrics.asp
SOURCE MarketsandMarkets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO50479&Transmission_Id=202205091100PR_NEWS_USPR_____IO50479&DateId=20220509)
Share this article