Global Contactless Biometric Market was valued at USD 6.92 billion in 2019 which is expected to reach USD 22.87 billion by 2030 at a CAGR 19.8%.
Contactless biometrics is defined as identification of different faces on large scale. This technology is used to enhance security through face recognition. Also, contactless biometrics collect data of an individual by using cloud based platform.
Increase in adoption of cloud-based services like artificial intelligence and machine learning is expected to boost the global contactless biometric market growth. Furthermore, increase in penetration of Smartphones and tablets coupled with companied focuising on manufacturing of facial recognition software in smartphones by addition of verification layer to unlock the smartphones which is expected to propel the market growth. Moreover, rise in support from government legalization to encourage the usage of contactless authentication technology will fuel the market growth in near future. Also, high adoption of this technology in healthcare sector will grow the market significantly.
However, high cost of contactless biometrics is the restraining factor which is expected to hinder the global contactless biometrics market growth.
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.
Also, Global Contactless Biometric Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Biorugged, Vision-Box, Aware, Cognitec, Authen Trend, IRIS ID,JENETRIC, Regula, Telpo, and IrisGuard
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
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
5.1 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
6.1 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
7.1 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
8.1 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
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
10.1 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
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
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
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
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
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
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
