Press release
Biometrics System In Military And Government Application Is Boosting Sales During 2022-2032
Global Contactless Biometrics Market OutlookThe global contactless biometrics market is estimated at USD 17.1 Billion in 2022 and is forecast to reach USD 78.6 Billion by 2032, growing at a CAGR of 16.4% during 2022-2032.
The growing demand for end – to – end solutions has created the need for integration of different software and middleware services. Accounted to the above mentioned trend, market valuation for the contactless biometric market is estimated to account around ~43% of the global biometrics market by 2022 end.
Integration of artificial intelligence along with biometric algorithms enhances the face recognition capability. Thus, the need of such ability for determining most prominent traits such as gender, ethnicity, facial hair and glasses escalates its market by growth factor of 4.5X during the assessment period of 2022-2032.
To Get In-depth Information View Full Report – https://www.factmr.com/report/contactless-biometrics-market
As per the latest report published by Fact.MR, the global contactless biometrics market is anticipated to exceed a valuation of US$ 9 Bn by 2021, and expand at an impressive CAGR of around 16% over the forecast period of 2021 to 2031.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=5756
Key Takeaways from Market Study
In 2020, North America and Europe together accounted for over 57% revenue of the global contactless biometrics market.
The market in East Asia, South Asia, and Middle East and Africa is estimated to grow over 7-fold over the next ten years.
The hardware segment accounted for over 30% of global market revenue.
Fingerprint application accounted for over one-fourth of the global market in 2020.
Contactless biometrics generated over US$ 5 Bn revenue from transportation & logistics, government and defence, and security applications.
The market is moderately concentrated, with companies such as Touchless Biometric Systems AG, Fujitsu Limited, and Fingerprint Cards AB accounting for a majority of the market share.
Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=5756
Key Segments Covered
By Component
Contactless Biometric Hardware
Contactless Biometric Software
Contactless Biometric Services
Professional Services
Managed Services
By Application
Face Biometrics
Fingerprint Biometrics
Hand Geometry Biometrics
Iris Biometrics
Voice Biometrics
Others
By End Use
Government
Banking & Finance
Consumer Electronics
Healthcare
Transportation & Logistics
Defence & Security
Others
By Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5756
Competitive Landscape
According to the market research analysis the top manufacturers of contactless biometrics are Touchless Biometric Systems AG, IDEMIA SAS, nViaSoft, Fujitsu Limited, NEC Corporation, HID Global, Assa Abloy AB, Blue Biometrics, FEITIAN Technologies Co., Smart Packaging Solutions and GateKeeper Proximity etc.
Majority of the manufacturers are focused on establishing subsidiaries in developing regions. Strategies include product launches, collaborations with key players, partnerships, and mergers and acquisitions. Some of the key development are:
In May 2020, company named Finger Cards AB has expanded its touch sensor portfolio by the introduction of FPC2025 sensor. The target was to introduce a high performing biometrics that consume low power.
In May 2020, one of the market giants NEC Corporation introduced NeoFace Thermal Express which offered touchless screening. NeoFace Thermal Express was designed to detect elevated body temperature and protective body equipment such as face mask.
In 2020, Fingerprint Cards AB has partnered with Digi- Key Electronics, which has allowed the former expansion in the new market. During this partnership, Digi Key will help the company to develop new application areas.
For More Insights- https://www.einpresswire.com/article/556697081/demand-for-light-duty-vehicles-wrap-films-is-surged-on-the-back-of-increasing-consumer-traction
US Sales Office:
11140 Rockville Pike,
Suite 400, Rockville,
MD 20852,
United States,
Tel: +1 (628) 251-1583,
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biometrics System In Military And Government Application Is Boosting Sales During 2022-2032 here
News-ID: 2531607 • Views: …
More Releases from Fact MR
Global Feed Grain Market Gains Traction With $69.9 Billion Valuation Forecast by …
The global feed grain market is a crucial pillar of the agricultural and animal husbandry sectors. Feed grains, such as corn, wheat, barley, oats, sorghum, and rye, form the foundation of livestock diets, fueling growth and productivity across poultry, cattle, swine, and aquaculture industries. With the growing global demand for meat, dairy, and animal-derived products, feed grains play an essential role in sustaining the supply chain. As the population increases…
Edible Food Perfumes Market Set to Flourish Amid Rising Culinary Innovations Glo …
The global edible food perfumes market is undergoing a transformative shift, as the intersection of sensory indulgence and culinary innovation fuels demand for novel food experiences. Edible food perfumes-aromatic sprays or essences applied directly to food or used during preparation-are quickly emerging as a premium trend in the global food and beverage industry. Designed to enhance flavor perception through olfactory stimulation, these fragrances offer consumers a multisensory experience that elevates…
Global Alginate Market Gains Traction Amid Rising Demand Across Key Applications
The global alginate market is steadily gaining momentum, driven by the diverse applications of this natural polysaccharide in industries ranging from food and beverage to pharmaceuticals and textiles. Derived from brown seaweed, alginate has found increasing relevance due to its unique thickening, gelling, and stabilizing properties. As consumer preference shifts towards clean-label, plant-based, and environmentally sustainable ingredients, the demand for alginate is rising across the globe. The market is poised…
Global Food-Grade Molds Market Poised for Expansion With 3.2% CAGR Over the Next …
The food industry is undergoing a remarkable transformation, driven by innovations in manufacturing technologies and increasing demand for quality, safety, and consistency. Among the many unsung heroes facilitating this evolution are food grade molds-essential tools that play a pivotal role in shaping, forming, and maintaining hygiene standards during food production. The global food grade molds market is witnessing significant expansion, fueled by advancements in food processing, increasing demand for customized…
More Releases for Biometric
Global Biometric Service Market Size by Application, Type, and Geography: Foreca …
According to Market Research Intellect, the global Biometric Service market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The biometric service market is witnessing rapid growth, fueled by increasing demand for advanced security solutions across various…
Prominent Biometric Cards Market Trend for 2025: Revolutionizing Payment Securit …
What market dynamics are playing a key role in accelerating the growth of the biometric cards market?
The burgeoning expansion of contactless payment systems is anticipated to spur the development of the biometric card market in the future. Contactless payment systems provide a secure means for consumers to purchase goods or services using their debit, credit, or smart cards by exploiting radio frequency identification (RFID) technology or near-field communication (NFC). The…
Prominent Biometric Sensor Market Trend for 2025: Pioneering Product Innovation …
Which drivers are expected to have the greatest impact on the over the biometric sensor market's growth?
The spike in identity theft incidents is predicted to bolster the expansion of the biometric sensor market. Identity theft involves the stolen personal data such as social security numbers, bank account or credit card details. Biometric techniques address all critical aspects of authentication, non-repudiation, confidentiality, and integrity, contributing substantially to curbing and extinguishing identity…
Key Biometric Cards Market Trend for 2025-2034: Revolutionizing Payment Security …
What Is the Future Outlook for the Biometric Cards Market's Size and Growth Rate?
In recent times, the size of the biometric cards market has expanded swiftly. Its growth is anticipated to soar from $13.03 billion in 2024 to reach $15.36 billion in 2025, with a compound annual growth rate (CAGR) of 17.9%. The surging growth during the historical span can be credited to enhanced security requirements, escalating concerns regarding fraud,…
Biometric Workforce Management Market Will Hit Big Revenues In Future | IDEMIA, …
Advance Market Analytics added research publication document on Worldwide Biometric Workforce Management Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Biometric Workforce Management market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2022 which is estimated and forecasted till…
Biometric ATM Market Growing Penetration and Adoption of Voice Biometric Solutio …
The global biometric ATM market size is expected to be valued at US$ 1,960.5 million in 2022 and grow at a CAGR of 30.3% over the forecast period. Biometric ATMs are self-service automated teller machines (ATMs), or cash machines, that use a biometric measure to identify customers and allow them to withdraw cash. Biometric authentication may be the only customer identifier used, or it may be used in conjunction with…
