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Global Contactless Biometrics Technology Market Size, By Offering (Multimodal Biometrics Solution, Hardware, Software, Services), By Software (Face Recognition, Iris Recognition, Palm Vein Recognition, Voice Recognition, Contactless Biometric Cards), By Application (Access Control, Onboarding & KYC, Criminal Identification & Forensics), By End- user (BFSI, Government & Law Enforcement, Healthcare,


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Contactless Biometrics Technology Market Size, By Offering (Multimodal Biometrics Solution, Hardware, Software, Services), By Software (Face Recognition, Iris Recognition, Palm Vein Recognition, Voice Recognition, Contactless Biometric Cards), By Application (Access Control, Onboarding & KYC, Criminal Identification & Forensics), By End- user (BFSI, Government & Law Enforcement, Healthcare,

Contactless Biometrics Technology Market Size And Forecast

Contactless Biometrics Technology Market size was valued at USD 20 Billion in 2023 and is projected to reach USD 54.1 Billion by 2031, growing at a CAGR of 14.61% from 2024 to 2031.

  • Contactless biometrics technology refers to the use of biometric identification methods without the need for physical contact between the individual and the biometric sensor. This technology relies on capturing and analyzing unique biological or behavioral characteristics of individuals to verify their identity
  • These systems can be used for secure access control to buildings, rooms, and computer systems, replacing traditional methods like keycards or passwords.
  • It is a biometrics system which can be deployed at border checkpoints and immigration control points for rapid and accurate identification of travelers, enhancing security and efficiency.
  • Contactless biometric systems can automate attendance tracking in workplaces, schools, and other institutions, eliminating the need for manual recording and reducing errors.
  • Furthermore, this technology can aid in surveillance and law enforcement efforts by enabling the rapid identification of individuals in crowded environments or during public events.
  • Also, the rise in integration of this technology with Internet of Things (IoT) devices and artificial intelligence (AI) algorithms is enabling more seamless and intelligent authentication processes.

Global Contactless Biometrics Technology Market Dynamics

The key market dynamics that are shaping the global contactless biometrics technology market include

Key Market Drivers

  • Rising Demand for Remote AuthenticationThe increasing prevalence of remote work, online services, and e-commerce is fueling demand for secure remote authentication solutions. Contactless biometric technologies enable secure authentication from remote locations, addressing the needs of businesses and individuals in an increasingly digital and distributed world.
  • Integration with Emerging Technologies Contactless biometric technologies are being integrated with other emerging technologies such as Internet of Things (IoT), cloud computing, and blockchain. These integrations enable innovative applications and use cases, further driving market growth.
  • Growing Use of Contactless Biometric Technology During the PandemicContactless biometric technology, including fingerprint, voice, facial, and vein recognition, is gaining popularity due to COVID-19, government surveillance, and airports and airlines implementing face recognition for check-ins and multiple touchpoints.
  • Convenience and Efficiency Contactless biometrics provide a seamless and efficient authentication experience. Users appreciate the convenience of being able to access systems or facilities without the need for physical tokens, keys, or passwords. This convenience factor drives adoption in various industries, including access control, payments, and attendance tracking.
  • Enhanced Security Traditional authentication methods like passwords or PINs are susceptible to theft or impersonation. Contactless biometric technologies offer a higher level of security by leveraging unique biological or behavioral characteristics such as fingerprints, facial features, or iris patterns. This increased security is particularly valuable in sectors such as finance, healthcare, and government where data protection is critical, fueling the growth of the contactless biometrics technology market.

Key Challenges

  • Reliability and AccuracyContactless biometric technologies may experience challenges in accurately and consistently identifying individuals under certain conditions, such as variations in lighting, angle, or facial expressions. High false acceptance or rejection rates can erode trust in the technology and impede widespread adoption, particularly in high-security applications.
  • Cost of Implementation Implementing contactless biometric systems involves significant upfront costs, including hardware, software, integration, and training expenses. For small and medium-sized businesses or organizations with limited budgets, these costs can be prohibitive, slowing down adoption and deployment.
  • Privacy ConcernsContactless biometric technologies involve the collection and storage of sensitive personal data, raising concerns about privacy and data protection. Regulatory compliance and public perception regarding the use and security of biometric data can present significant challenges for adoption.
  • Security Risks While contactless biometric systems offer enhanced security compared to traditional authentication methods, they are not immune to security risks. Biometric data can be vulnerable to hacking, spoofing, or manipulation. Ensuring the security of biometric systems requires implementing strong encryption, authentication protocols, and regular security updates.

Key Trends

  • Advancements in Sensor TechnologyContinuous advancements in sensor technology are improving the accuracy, speed, and reliability of contactless biometric systems. New sensor designs, materials, and algorithms enhance the capture and analysis of biometric data, leading to more robust authentication solutions by these advanced technologies are developing lucrative opportunities for growth of the market.
  • AI and Machine Learning Integration Integration of artificial intelligence (AI) and machine learning algorithms enables contactless biometric systems to adapt and learn from user behavior, improving accuracy and performance over time. AI-powered features such as liveness detection and anti-spoofing enhance security and prevent fraudulent attempts, driving the market.
  • Mobile Biometrics The widespread adoption of smartphones and mobile devices has led to the integration of biometric authentication features such as fingerprint scanners, facial recognition, and iris scanning. Mobile biometrics enable secure and convenient authentication for mobile payments, access control, and identity verification.
  • Integration with IoT and Smart Devices Integration of contactless biometric technologies with Internet of Things (IoT) devices and smart home devices enables personalized and secure user experiences. Biometric authentication for smart locks, connected cars, and IoT devices enhances security and convenience in the connected ecosystem.

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Global Contactless Biometrics Technology Market Regional Analysis

Here is a more detailed regional analysis of the global contactless biometrics technology market

North America

  • North America hosts several leading companies specializing in biometric technology development and innovation. These companies drive the market forward through continuous research, development, and deployment of advanced contactless biometric solutions.
  • The region boasts a strong culture of technological innovation, fostering the development of cutting-edge contactless biometric technologies. Investment in research and development activities leads to the creation of innovative solutions that meet evolving market demands.
  • The United States leads the market due to robust investment in research and development, favorable regulatory environment, and high demand for advanced security solutions.
  • Increasing concerns about data privacy and security regulations, such as GDPR and CCPA, shape market dynamics and drive investment in compliant contactless biometric solutions.

Europe

  • Europe is a prominent region in the contactless biometrics technology market, with countries like the United Kingdom, Germany, and France leading adoption.
  • Rising security threats, including cyberattacks, identity theft, and terrorism, drive the adoption of contactless biometric solutions across various industries in Europe. Biometric authentication offers a more secure alternative to traditional methods, enhancing security in sectors such as banking, healthcare, and government.
  • Europe is home to numerous research institutions, technology companies, and startups focused on biometric technology innovation. Investments in research and development drive advancements in contactless biometrics, leading to the development of cutting-edge solutions tailored to the European market.
  • The banking and finance sector in Europe is a key driver of contactless biometrics adoption. Banks and financial institutions leverage biometric authentication to enhance security, combat fraud, and improve the customer experience.

Asia Pacific

  • The Asia-Pacific region is experiencing rapid urbanization, with a significant portion of the population migrating to cities. This urbanization trend creates demand for advanced security solutions, including contactless biometrics, to manage access control, public safety, and identity verification in densely populated urban areas.
  • Countries like China, India, Japan, and South Korea are key contributors to market growth in the Asia-Pacific region. These countries have large populations, expanding economies, and strong government support for technology innovation and adoption.
  • The Asia-Pacific region leads the world in the adoption of contactless payment systems, driven by consumer demand for convenience, speed, and security in financial transactions. Contactless biometrics, including fingerprint recognition and facial recognition, enhance the security of contactless payments and drive market expansion in sectors such as banking, retail, and transportation.

Global Contactless Biometrics Technology Market Segmentation Analysis

The Global Contactless Biometrics Technology Market is Segmented based on Offering, Software, Application, End-User, and Geography.

Contactless Biometrics Technology Market, By Offering

  • Multimodal Biometrics Solution
  • Software
  • Hardware
  • Services

Based on Offering, the market is bifurcated into Multimodal Biometrics Solutions, Hardware, Software, and Services. Multimodal Biometrics Solution is estimated to dominate the market. The versatility, enhanced security, improved accuracy, flexibility, and comprehensive authentication capabilities of multimodal biometrics solutions position them as the dominating segment in the market.

Contactless Biometrics Technology Market, By Software

  • Contactless Fingerprint Recognition
  • Face Recognition
  • Iris Recognition
  • Palm Vein Recognition
  • Voice Recognition
  • Contactless Biometric Cards

Based on Software, the market is bifurcated into Face Recognition, Iris Recognition, Palm Vein Recognition, Voice Recognition, and Contactless Biometric Cards. From these, the Face Recognition segment is projected to grow at a rapid pace over the forecast period. Face recognition technology finds applications across various industries and uses cases, including access control, identity verification, surveillance, and retail analytics. Its versatility and adaptability make it a highly sought-after solution in the contactless biometrics market.

Contactless Biometrics Technology Market, By Application

  • Access Control
  • Onboarding & KYC
  • Criminal Identification & Forensics

Based on Application, the market is segmented into Wellness and Fitness, Diagnostic, Therapeutic, Monitoring, and Others. From these, the Access Control segment is projected to grow at a rapid pace over the forecast period. Access control is one of the most common and widely adopted applications of contactless biometrics technology. It is used across various industries and sectors, including corporate offices, government buildings, healthcare facilities, educational institutions, and residential complexes.

Contactless Biometrics Technology Market, By End-User

  • Banking, Financial Services and Insurances (BFSI)
  • Government & Law Enforcement.
  • Healthcare
  • Retail & e-commerce
  • Travel & Tourism

Based on End-User, the market is fragmented into Banking, Financial Services and Insurances (BFSI), Government & Law Enforcement, Healthcare, Retail & E-commerce, and Travel & Tourism. From these, the Government & Law Enforcement segment is projected to grow at a rapid pace over the forecast period. Government agencies and law enforcement organizations have stringent security requirements for identity verification, access control, and criminal identification. Contactless biometrics technology offers robust authentication solutions that meet these security needs, making it a crucial tool for government and law enforcement applications.

Contactless Biometrics Technology Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Global Contactless Biometrics Technology Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest market share of Contactless Biometrics Technology North America dominates the global contactless biometrics technology market, with a large and mature market in finance, healthcare, and government sectors. Key players, technological innovation, and high demand drive the dominance of this segment.

Key Players

The “Global Contactless Biometrics Technology Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Aware Inc., Fingerprint Cards AB, Fujitsu Limited, Gemalto N.V., HID Global, IDEMIA, M2SYS Technology, NEC Corporation, nViaSoft, Touchless Biometric Systems AG. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Contactless Biometrics Technology Market Recent Developments

  • In January 2022, IDEMIA launched two new generations of contactless fingerprint terminals, MorphoWave XP and MorphoWave SP. The updated versions include software interfaces with access control platforms and physical integrations with top gate/turnstile manufacturers.
  • In March 2021, Fujitsu developed a facial recognition system for surveillance during remote work. The system detects minor changes in muscle movements of a person’s facial expression to correspond with their level of concentration.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2020-2031

Base Year

2023

Forecast Period

2024-2031

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

Aware Inc., Fingerprint Cards AB, Fujitsu Limited, Gemalto N.V., HID Global, IDEMIA, M2SYS Technology, NEC Corporation, nViaSoft, Touchless Biometric Systems AG

Segments Covered

By Offering, By Software, By Application, By End-User, and By Geography

Customization Scope

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview,

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )