PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567188
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567188
Contactless Biometrics Technology Market, By Technology, By Application, By End User, By Geography
The Global Contactless Biometrics Technology Market is estimated to be valued at USD 15.03 Bn in 2024 and is expected to reach USD 40.57 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 15.03 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 15.20% | 2031 Value Projection: | US$ 40.57 Bn |
The global contactless biometrics technology market is expected to witness prominent growth in the coming years owing to rising demand for seamless identity verification and authentication across various industry verticals. Contactless biometrics makes use of advanced sensors and imaging technology to capture physiological as well as behavioral characteristics of an individual without requiring direct contact. Technologies such as palm vein recognition, fingerprint recognition, facial recognition and iris recognition are playing a major role in contactless verification. With growing concerns around hygiene and safety due to the ongoing pandemic, contactless biometrics has emerged as a preferred authentication method as it minimizes physical contact and risk of infection spread. Growing digitization trends, increasing instances of identity theft and stringent regulations regarding security are some of the primary factors expected to drive demand for contactless biometrics solutions worldwide.
Market Dynamics:
The global contactless biometrics technology market is driven by growing demand for seamless and hygienic identity verification across banking & finance, healthcare, retail, government & defense and other sectors. Contactless biometrics provides a safer and more convenient authentication experience by leveraging technologies like facial recognition, iris scanning and palm vein identification. Rising instances of identity theft, cybercrimes and security breaches have induced the need for robust identity authentication at public places as well as digital platforms. Furthermore, stringent government regulations regarding digital KYC and identity verification are positively influencing the adoption of contactless biometrics systems. However, high costs of deployment and maintenance of advanced contactless biometrics solutions remains a key challenging factor. Moreover, privacy and security concerns associated with biometric data storage pose hindrances to market growth. Ongoing technological advancements in areas of AI, ML and digital imaging are expected to present new opportunities in future. Market players are increasingly investing in R&D to develop sophisticated contactless biometrics devices with improved accuracy, speed and integration capabilities.
Key features of the study:
This report provides in-depth analysis of the global contactless biometrics technology market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global contactless biometrics technology market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Aware, Inc., Fingerprint Cards AB, Fujitsu Limited, HID Global Corporation, IDEMIA Group, M2SYS Technology, NEC Corporation, NVIAsoft Corporation, SITA, Touchless Biometric Systems AG, Thales, Veridium, BioConnect, Innovatrics, and Cognitec Systems
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global contactless biometrics technology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global contactless biometrics technology market.
Detailed Segmentation-
- By Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Facial Recognition
- Iris Recognition
- Vein Recognition
- Palm Recognition
- Others (Fingerprint, Voice, Gesture, etc.)
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Government and Law Enforcement
- Banking and Financial Services
- Healthcare
- Retail and E-commerce
- Travel and Immigration
- Others
- By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Public Sector
- Private Sector
- By Regional Insights (Revenue, USD Bn 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Aware, Inc.
- Fingerprint Cards AB
- Fujitsu Limited
- HID Global Corporation
- IDEMIA Group
- M2SYS Technology
- NEC Corporation
- NVIAsoft Corporation
- SITA
- Touchless Biometric Systems AG
- Thales
- Veridium
- BioConnect
- Innovatrics
- Cognitec Systems
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
2. MARKET PURVIEW
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Contactless Biometrics Technology Market, By Technology
- Global Contactless Biometrics Technology Market, By Application
- Global Contactless Biometrics Technology Market, By End User
- Global Contactless Biometrics Technology Market, By Region
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Contactless Biometrics Technology Market, By Technology, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Facial Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Iris Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Vein Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Palm Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others (Fingerprint, Voice, Gesture, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Contactless Biometrics Technology Market, By Application, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Government and Law Enforcement
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Banking and Financial Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Retail and E-commerce
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Travel and Immigration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Contactless Biometrics Technology Market, By End User, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Public Sector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Private Sector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Contactless Biometrics Technology Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User , 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
8. COMPETITIVE LANDSCAPE
- Aware, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fingerprint Cards AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fujitsu Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- HID Global Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- IDEMIA Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- M2SYS Technology
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- NEC Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- NVIAsoft Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- SITA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Touchless Biometric Systems AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Thales
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Veridium
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BioConnect
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Innovatrics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Cognitec Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
