PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535694
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535694
Contactless Biometrics Technology Market Size - By Offerings (Hardware, Software, Services), By Type (Face, Fingerprint, Palm, Iris, Voice, Others), By Application, By End-use Industry & Forecast, 2024 - 2032
Contactless Biometrics Technology Market size will record over 20% CAGR from 2024-2032, due to the robust emphasis of companies on improving the speed and accuracy of recognition processes and minimizing false rejections. Significant investments in contactless biometrics are making way for innovations and the development of new products and solutions. For example, in April 2022, German-based smedo GmbH secured €1.66M in funding for developing a new medical system enabling nursing homes and hospitals to measure vital signs through a contactless solution. The ongoing development of robust encryption methods and the implementation of privacy-preserving technologies will prove favorable for the market growth.
The contactless biometrics technology industry is classified into offering, type, application, end-use industry, and region.
In terms of type, the market size from the voice segment may record a robust CAGR from 2024 to 2032 driven by wide usage for offering a secure and convenient method of authentication and identification. Voice-based contactless biometrics technology provides a versatile and secure method of authentication that can be integrated into various applications to enhance security, convenience, and user experience. Moreover, voice biometrics are also used to streamline the authentication process in customer service centers for reducing the need for lengthy security questions and improving service efficiency.
By end-use industry, the contactless biometrics technology market value from the healthcare segment will expand up to 2032. This is owing to the strong need for accurately identifying patients through unique physiological features, such as fingerprints or facial recognition for reducing errors associated with traditional methods like ID cards or passwords. Contactless biometrics also help to continuously monitor vital signs like heart rate, respiratory rate, and temperature without physical contact, emerging suitable for remote patient monitoring and early detection of health issues.
Asia Pacific contactless biometrics technology industry size may witness considerable growth through 2032. With the rising concerns about data privacy, there is growing emphasis on developing biometrics solutions to ensure robust security and compliance with regulatory standards. Several governments in APAC are implementing biometric systems for national ID programs, border control, and public safety, further driving the demand for advanced biometric solutions. Significant investments from both public and private sectors are also fueling R&D in contactless biometrics, leading to the introduction of more sophisticated and versatile solutions across the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360º synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing demand for secure authentication
- 3.8.1.2 Advancements in biometric technology
- 3.8.1.3 Growth of smart cities and IOT integration
- 3.8.1.4 Expansion of the e-commerce and retail sector
- 3.8.1.5 Rising demand in the financial sector
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Privacy & data protection concerns
- 3.8.2.2 Interoperability challenges
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Offerings, 2021 - 2032 (USD Million)
- 5.1 Hardware
- 5.2 Software
- 5.3 Services
Chapter 6 Market estimates & forecast, By Type, 2021 - 2032 (USD Million)
- 6.1 Face
- 6.2 Fingerprint
- 6.3 Palm
- 6.4 Iris
- 6.5 Voice
- 6.6 Others
Chapter 7 Market estimates & forecast, By Application, 2021 - 2032 (USD Million)
- 7.1 Access control and security
- 7.2 Identity verification and authentication
- 7.3 Payments and transactions
- 7.4 Surveillance and monitoring
- 7.5 Others
Chapter 8 Market estimates & forecast, By End-use Industry, 2021 - 2032 (USD Million)
- 8.1 Government
- 8.2 BFSI
- 8.3 Consumer electronics
- 8.4 Healthcare
- 8.5 Retail and e-commerce
- 8.6 Defense & security
- 8.7 Hospitality and tourism
- 8.8 Others
Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 Aware Inc.
- 10.2 BioConnect Inc.
- 10.3 Cognitec Systems GmbH
- 10.4 Daon, Inc.
- 10.5 DERMALOG Identification Systems GmbH
- 10.6 EyeLock LLC
- 10.7 Fidentity AG
- 10.8 Fingerprint Cards AB
- 10.9 Fujitsu Limited
- 10.10 HID Global Corporation
- 10.11 Hikvision Digital Technology Co., Ltd.
- 10.12 IDEMIA
- 10.13 Innovatrics, s.r.o.
- 10.14 Iris ID Systems Ltd
- 10.15 M2SYS Technology
- 10.16 Megvii Technology Limited
- 10.17 NEC Corporation
- 10.18 Neurotechnology
- 10.19 NVIAsoft Corporation
- 10.20 Regula Ltd.
- 10.21 SecuGen Corporation
- 10.22 Shufti Pro Limited
- 10.23 Suprema Inc.
- 10.24 Thales
- 10.25 Touchless Biometric Systems AG
