The Contactless Biometrics Technology Market size is anticipated to grow from US$ 19,456.1 Million in 2022 to US$ 71,407.4 Million by 2030, recording 17.6% from 2022 to 2030. As biometrics has become a vital component within enterprises, institutions, and government facilities, contactless biometrics has gained a lot of traction offering the highest level of security mechanism.
Various contactless biometric modalities include facial recognition, iris recognition, palm vein recognition, contactless fingerprint technology and voice biometrics, which offer a significant benefit over traditional touch-based biometrics in terms of hygiene, accuracy, low maintenance and enhanced security.
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Key Takeaways of Contactless Biometrics Technology Market Study
- North America is expected to hold a significant share in the global contactless biometrics market during the forecast period, due to high adoption of touchless biometrics systems for government and military applications.
- By Technology, facial recognition is estimated to contribute the largest market share, as this contactless biometrics modality is widely implemented for identity verification and access control.
- Identity verification application to witness the highest growth rate during the forecast period, followed by access control application, where such technologies are widely adopted.
- Demand for contactless biometrics solutions among government agencies would surge, amid the COVID-19 outbreak, due to need for touchless biometrics systems for public safety applications.
COVID-19 Pandemic Impact Analysis
COVID-19 outbreak has been a prime catalyst for the growth of adoption of contactless biometrics solutions. With the spread of this deadliest virus worldwide, various organizations, governments and institutions are now focusing on hygiene and secure way of verifying the personal identities, providing access controls to the users, without any physical contact with the security infrastructure. Governments across the world has ramped up their measures to adopt contactless biometrics technologies to swiftly respond to the crisis.
There is nearly US$ 2.0 Bn absolute dollar opportunity in the year 2022 from 2011, for global contactless biometrics market, with market growing by about 16-17% YoY in the next 3 years. Amid the COVID-19 crisis, many startups and enterprises have developed and launched contactless biometrics systems, to contain the spread of this virus and ensure organizational security.
Competitive landscape
Many major contactless biometrics technology solution suppliers are eager to create new goods and solutions in order to expand their customer base and diversify their product offerings. They are also investing in research and development to give improved biometrics solutions.
- For example, in May 2019, Touchless Biometric Systems announced a cooperation with Nedap, a prominent provider of access control systems. This connection with AEOS access controls enables full biometric access permissions to be controlled from a single application.
- In addition, in February 2020, BioConnect released BioConnect Enterprise 4.7, a new subscription feature that aids with user enrollment and proactive decision making.
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Key Players
- Fujitsu Limited
- NEC Corporation
- Gemalto (Thales)
- Aware Inc.
- HID Global
- M2SYS Technology
- IDEMIA
- BioConnect
- IdentyTech Solutions
- Touchless Biometric Systems AG
More Valuable Insights on Contactless Biometrics Technology Market
Future Market Insights offers an unbiased analysis of the global contactless biometrics technology market, providing historical data for 2015-2021 and forecast statistics from 2022 to 2030.
Contactless Biometrics Technology Market Outlook by Category
By Technology:
- Contactless Fingerprint Technology
- Facial Recognition
- Iris Recognition
- Palm Vein Recognition
- Voice Recognition
- Contactless Cards
By Component:
- Hardware
- Contactless Fingerprint Scanners
- Facial Recognition Scanners
- Iris Recognition Scanners
- Palm Vein Scanners
- Others
- Software
- Integrated Biometrics Software
- Standalone Software/Middleware
- Services
- Professional Services
- Managed Services
By Application:
- Identity Verification
- Payments & Transactions
- Access Control
By Industry:
- BFSI
- Government & Law Enforcement
- Healthcare
- Military & Defense
- Retail
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East & Africa
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