Contactless Biometrics Market Size, Emerging Trends, Growth Forecasts to 2027- Aware, Fujitsu, HID Global, IDEMIA, Iris ID, M2SYS Technology, NEC, nViaSoft

Contactless biometrics technology is used for authentication and identification without touch. Contactless biometrics offers an innovative and safer mode based on hygiene and convenience, which boosts the growth of the contactless biometrics market. Furthermore, increasing the adoption of contactless biometrics solutions in financial institutions for securing financial transactions coupled with the rising demand for secured and advanced identification solutions at airport facilities is positively impacting the growth of the contactless biometrics market.

The report aims to provide an overview contactless biometrics market with detailed market segmentation by offering, application, end-user. and geography. The global contactless biometrics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contactless biometrics market players and offers key trends and opportunities in the contactless biometrics market.

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The List of Companies: Aware, Inc., Fujitsu Ltd., HID Global, IDEMIA, Iris ID, Inc., M2SYS Technology, NEC Corporation, nViaSoft, Thales Group, Touchless Biometric Systems AG

The global contactless biometrics market is segmented on the basis of offering, application, end-user. On the basis of offering the market is segmented as hardware, software, services. On the basis of application the market is segmented as face recognition, fingerprint recognition, iris recognition, voice recognition, hand geometry, others. On the basis of application the market is segmented as BFSI, defense and security, government, transport and logistics, retail and ecommerce, others.

Rising usage of Automatic Identification and Data Capture (AIDC) technology in retail and e-commerce, border control applications, and BFSI sector coupled with the increasing initiative from government legislation to encourage the use of touchless authentication technology is booming the growth of contactless biometrics market. However, however high cost associated with the contactless biometric as compare to contact biometric is the key hindering factor for the growth of the contactless biometrics market. Moreover, growing demand for a high level of security in public, commercial, and private sector are expected to triggering the demand for contactless biometrics market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Contactless biometrics market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Contactless biometrics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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