DUBLIN, Jan. 19, 2021 /PRNewswire/ -- The "Global Contactless Biometrics Technology Market Analysis 2020" report has been added to ResearchAndMarkets.com's offering.
The Global Contactless Biometrics Technology market is expected to reach $22.44 billion by 2026 growing at a CAGR of 18.3% from 2019 to 2026.
Biometrics can be defined is the technique used to recognize and record a person's unique traits by an electrical device. Contactless biometric technology offers the use of touchless authentication technology, which provides a safer mode based on hygiene and convenience.
Factors such as rising demand for the high level of security, increasing focus on hygiene, and technological advancements are driving the growth of the market. However, the possibility of data theft is restraining the growth of the market.
Based on the application, the iris segment is going to have a lucrative growth during the forecast period as an iris-based system is accurate, fast, and convenient while eliminating payroll frauds.
The key vendors mentioned are Fujitsu Limited, Touchless Biometric Systems AG, Aware Inc, NEC Corporation, Fingerprint Cards AB, IDEMIA, Neurotechnology, HID Global, nViaSoft, M2SYS Technology, and Gemalto N.V.
Key Questions Answered in this Report:
How this market evolved since the year 2018 Market size estimations, forecasts and CAGR for all the segments presented in the scope Key Market Developments and financials of the key players Opportunity Analysis for the new entrants SWOT Analysis of the key players Fastest growing markets analyzed during the forecast period
Key Topics Covered:
1 Market Synopsis
2 Research Outline 2.1 Research Snapshot 2.2 Research Methodology 2.3 Research Sources 2.3.1 Primary Research Sources 2.3.2 Secondary Research Sources
3 Market Dynamics 3.1 Drivers 3.2 Restraints
4 Market Environment 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
5 Global Contactless Biometrics Technology Market, by Component 5.1 Introduction 5.2 Hardware 5.3 Software 5.4 Services
6 Global Contactless Biometrics Technology Market, by Technology 6.1 Introduction 6.2 Voice Recognition 6.3 Hand Geometry/Palm Vein Recognition 6.4 Iris Recognition 6.5 Facial Recognition 6.6 Contactless Cards 6.7 Contactless Fingerprint Technology
7 Global Contactless Biometrics Technology Market, by Application 7.1 Introduction 7.2 Payments & Transactions 7.3 Access Control 7.4 Identity Verification
8 Global Contactless Biometrics Technology Market, by End User 8.1 Introduction 8.2 Government & Law Enforcement 8.3 Banking & Finance 8.4 Automotive 8.5 Consumer Electronics 8.6 Transport & Logistics 8.7 Hospitality 8.8 Education 8.9 Healthcare & Life Sciences 8.10 Defence & Security 8.11 Retail 8.12 Corporate 8.13 E-commerce
9 Global Contactless Biometrics Technology Market, by Enterprise Size 9.1 Introduction 9.2 Large Enterprise 9.3 Small & Medium Enterprise
10 Global Contactless Biometrics Technology Market, by Geography 10.1 Introduction 10.2 North America 10.3 Europe 10.4 Asia Pacific 10.5 South America 10.6 Middle East & Africa
11 Strategic Benchmarking
12 Vendors Landscape 12.1 Fujitsu Limited 12.2 Touchless Biometric Systems AG 12.3 Aware Inc 12.4 NEC Corporation 12.5 Fingerprint Cards AB 12.6 IDEMIA 12.7 Neurotechnology 12.8 HID Global 12.9 nViaSoft 12.10 M2SYS Technology 12.11 Gemalto N.V.
For more information about this report visit www.researchandmarkets.com/r/frrmh0
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .
Source: Company press release.
Quisitive agrees to sell BankCard USA to BUSA Acquisition Co.
Input 1 unveils platform features to drive visibility, growth
Brazil 2024 gift, incentive card market report released
Demand for youth banking high for Gen Z, Alpha children
MoneyGram partners with fintech app barraq
Alchemy Pay invests in UK fintech LaPay
Bloxcross, GoDirectPay release mobile app
Silverlake partners with Nagad in Bangladesh