Prominent Contactless Biometrics Technology Market Trend for 2025: Innovative Advancements In Contactless Biometrics The MOQI A1 Pro Scanner

Which drivers are expected to have the greatest impact on the over the contactless biometrics technology market's growth?
The amplification of security fears is anticipated to spur the advancement of the contactless biometrics technology market. These fears encapsulate apprehensions about safeguarding assets, information, systems, or individuals from diverse threats, vulnerabilities, and risks across personal, organizational, or societal levels. Contactless biometrics technology provides a solution for these anxieties by offering secure and user-friendly authentication techniques that considerably decrease fraud and augment security across multiple industries. As an illustration, a report on Ecommerce fraud trends and statistics 2024 by Mastercard, a global payments network based in the US, disclosed that worldwide ecommerce fraud losses amassed $41 billion in 2022 and are predicted to surpass $48 billion in 2023. The most rapidly expanding hazard is promotional exploitation, with documentation revealing U.S. retailers losing over $89 billion annually. Friendly Fraud, anticipated to constitute 61% of all chargebacks, is costing sellers over $100 billion this year. While Account Takeover (ATO) surged by 131% towards the end of 2022, signifying a major risk to online traders. Hence, the amplification of security fears is stimulating the advancement of the contactless biometrics technology market.

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What is the future CAGR of the contactless biometrics technology market, and how will it impact industry expansion?
The market size for contactless biometrics technology has seen a swift expansion in recent years. The market, valued at $17.09 billion in 2024, is projected to reach $20.34 billion in 2025, indicating a compound annual growth rate (CAGR) of 19.0%. The historic period's growth can be credited to the increased use of mobile devices, requirements in the retail and hospitality industries, workforce management, and adoption in the financial sector.

The market for contactless biometrics technology is poised for speedy expansion in the coming years, with predictions sizing it at $40.88 billion in 2029, boasting a compound annual growth rate (CAGR) of 19.1%. The surge estimated over the forecast period can be linked to the escalating need for security measures, intensified requirements to prevent fraud, the desire for seamless transactions, and geopolitical elements alongside concerns related to national security. The forecast period is also expected to witness significant trends such as the heightened incorporation with IoT devices, growth in healthcare applications, improvements in facial recognition preciseness, and coalescence with wearable technology.

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What new trends are reshaping the contactless biometrics technology market and its opportunities?
Key players in the contactless biometrics technology market are concentrating on the creation of novel solutions such as MOQI A1 Pro contactless biometric scanners to accommodate the growing interest in contactless biometrics technology. This technology eliminates the need for physical contact with a device for biometric identification or verification. Techniques employed include facial and iris recognition, as well as contactless fingerprinting, all of which rely on distinctive physical characteristics for identification. For example, Moqi, a technological corporation from China, unveiled MOQI A1 Pro in June 2022. This contactless Livescan application is designed to quickly and accurately record high-definition fingerprints, regardless of whether the fingers are dry, wet, or rough. With a single contactless scan, this scanner can generate both rolled and flat fingerprints, providing a larger capture area and superior image quality compared to traditional contact-based scanners. This is made possible by its structured lighting system, which guarantees precise, hygienic fingerprint scans. The scanner has a stylish black matte design, and provides IP64 water and dust resistance, functioning effectively in temperatures from 0 to 50°C. The scanner is also equipped with integrated stereo speakers and status LEDs to guide users during the scanning process.

Which key market segments comprise the contactless biometrics technology market and drive its revenue growth?
The contactless biometrics technology market covered in this report is segmented -

1) By Type: Face Recognition, Iris Recognition, Voice Recognition, Fingerprint Recognition, Other Types
2) By Component: Hardware, Software, Services
3) By End Use Industry: Healthcare, Defense And Security, Banking Financial Services And Insurance (BFSI), Government, Other End Users

Subsegments:
1) By Face Recognition: 2D Face Recognition, 3D Face Recognition, Thermal Face Recognition, Facial Landmark Recognition, Other Face Recognition Techniques
2) By Iris Recognition: Near Infrared Iris Recognition, Long Range Iris Recognition, Multimodal Iris Recognition, Other Iris Recognition Techniques
3) By Voice Recognition: Speaker Identification, Speaker Verification, Text-independent Voice Recognition, Text-Dependent Voice Recognition, Other Voice Recognition Techniques
4) By Fingerprint Recognition: Optical Fingerprint Recognition, Capacitive Fingerprint Recognition, Ultrasonic Fingerprint Recognition, Thermal Fingerprint Recognition, Other Fingerprint Recognition Methods
5) By Other Types: Hand Geometry Recognition, Vein Recognition, Signature Recognition, Gait Recognition, DNA Recognition, Other Emerging Biometric Technologies

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What regions are at the forefront of contactless biometrics technology market expansion?
North America was the largest region in the contactless biometrics technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the contactless biometrics technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the contactless biometrics technology market?
Major companies operating in the contactless biometrics technology market are 3M Cogent Inc., Fujitsu Limited, NEC Corporation, Thales Group, BIO-key International Inc., Assa Abloy AB, IDEMIA SAS, Synaptics Incorporated, HID Global Corporation, Zwipe AS, Fingerprint Cards AB, Precise Biometrics AB, Crossmatch Technologies Inc., Aware Inc., Innovatrics s.r.o., nVIAsoft Corporation, Touchless Biometric Systems AG, Gemalto N.V., FaceFirst Inc., CrossCore Biometrics LLC, M2SYS Technology Inc., Cognitec Systems GmbH, Egis Technology Inc., Suprema Inc., Veridium Corporation

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What Is Covered In The Contactless Biometrics Technology Global Market Report?

• Market Size Forecast: Examine the contactless biometrics technology market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the contactless biometrics technology market for a structured understanding.
• Key Players Overview: Analyze major players in the contactless biometrics technology market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the contactless biometrics technology market.
• Segment Contributions: Evaluate how different segments drive overall growth in the contactless biometrics technology market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the contactless biometrics technology market.
• Industry Challenges: Identify potential risks and obstacles affecting the contactless biometrics technology market.
• Competitive Landscape: Review strategic developments in the contactless biometrics technology market, including expansions, agreements, and new product launches.

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