Research report published by Proficient Market Research “Contactless Biometric Technology Market, By Component (Software, Hardware, and Services); By Technology (Face, Voice, Contactless Fingerprint Technology, Iris, and Others); By End-use Industry (Government, BFSI, Healthcare, IT and Telecommunications, Manufacturing, and Others) Market – Growth, Future Prospects, Post COVID-19 Scenario 2021 – 2028”, states that the global contactless biometric technology market is expected to grow at a CAGR of 19.3% during the forecast period from 2021 to 2028.
Contactless biometric technology is the method of finding different faces on large scale. This technology is used to collect data of an individual by face detection, recognition or on a cloud platform. It is highly precise as well as reliable system for personal biometric identification and utilize for registration, management of personnel and time attendance. With its touch less authentication technology, Contactless biometric technology t offers safe mode regarding hygiene and suitability.
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With the covid-19 outbreak, the concern regarding hygiene is increased and therefore, preference of such contact less biometrics is expected to witness surge in IT sector, government offices, etc. The contactless biometric technology is segmented into software and hardware services. The software segment is accounted to hold the highest share during the forecast period owing to the rising implementation of cloud-based services, artificial intelligence, and machine learning for contactless biometrics solutions. Moreover, depending on technology, the market is classified as face, voice, contactless fingerprint technology, iris, and others.
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Some of the major key players operating in the market include Thales Group, TOUCHLESS BIOMETRIC SYSTEMS AG, Neurotechnology, VILMATE CORPORATION LTD, IriTech, Inc., Leidos, Inc., Aware, Inc., BioID GmbH, NEC Corporation, and DERMALOG Identification Systems GmbH.
Recent News and Development:
In May, 2020: Aware Inc. launched Knomi version 2.6 combination of face and voice biometrics
In April, 2020: Etihad airways announced a trial for contactless self-service at airport
In Jul, 2019: NEC signed partnership agreement with Star Alliance, to develop a biometric data-based identification platform
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Based on component, the contactless biometrics technology market is segmented into the following:
Software segment led the overall contactless biometrics technology market
In 2020, software segment led the overall contactless biometrics technology market and this segment is expected to witness considerable growth over the forecast period due to rising implementation of cloud-based services, artificial intelligence, and machine learning for contactless biometrics solutions.
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Based on technology, the contactless biometrics technology market is segmented into following:
Contactless Fingerprint Technology
Contactless Fingerprint Technology segment accounted for highest share in the overall contactless biometrics technology market
In 2020, contactless fingerprint technology segment accounted for highest share in the overall contactless biometrics technology market. Contactless fingerprint technology segment dominates contactless biometric technology market owing to the extensive use of this technology in various end-use industries for identification purpose, or in banks, etc.
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Asia Pacific held the largest share in the contactless biometrics technology market
In 2020, the overall contactless biometrics technology market was led by the Asia Pacific region in terms of market value. Rising demand for smartphones in countries in the region, along with increasing development of the digitalization trend in countries such as China and India are anticipated to drive the growth of market in Asia Pacific region.
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