The latest research report by Emergen Research, named ‘Global  Contactless Biometrics Market   - Forecast to  2030               The Global  Contactless Biometrics Market   report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the  Contactless Biometrics Market   dynamics that helps market analysts estimate the global market growth rate over the projected timeline.

The global contactless biometrics market size was USD 17.26 Billion in 2021 and is expected to register a revenue CAGR of 15.55% during the forecast period, according to the latest analysis by Emergen Research. Increasing funding for facial recognition systems is a major factor expected to support revenue growth of the market during the forecast period. In addition, revenue growth of the market is driven by rising demand from the banking, retail, and healthcare sectors as well as increase in smartphone use. Most consumers today depend on face and iris recognition technology to protect their possessions. 

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The global Contactless Biometrics Market is consolidated, with few large and medium-sized companies accounting for a majority of revenue share. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective riblet film models. Some major companies included in the global Contactless Biometrics Market report are:

Some major companies in the global market report include FIS

• Fingerprint Cards AB
• Aware, Inc.
• Fujitsu Limited
• IDEMIA
• HID Global Corporation
• Touchless Biometric Systems AG
• nVIASoft Corporation
• NEC Corporation
• M2SYS Technology
• Blue Biometrics
• ASSA ABLOY
• MeReal Biometrics Limited
• Untethered Labs, Inc.
• T3K-Forensics GmbH

The research provides answers to the following key questions:

• What is the expected growth rate of the Intelligent Contactless Biometrics Market for the forecast period 2020 – 2027? What is the market size likely to be during the estimated period?
• What are the key driving forces shaping the future of the industry across different countries?
• Who are the prominent market players dominating the Intelligent Contactless Biometrics Market ? How have they managed to maintain a competitive edge over their competitors?
• What are the major trends and opportunities responsible for the progress of the Contactless Biometrics Market during the estimated period?
• What are the major obstacles hindering the progress of the market worldwide?

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Market Segmentation:

Emergen Research has segmented the global contactless biometrics market on the basis of offering, application, end-use, and region:

·        Offering Outlook (Revenue, USD Billion; 2019–2030)

• Multimodal Biometrics Solution
• Software
  1. Integrated Biometrics Software
  2. Standalone Software
     1. Vein Recognition
     2. Facial Recognition
     3. Iris Recognition
     4. Others

• Hardware
  1. Contactless Fingerprint Scanners
  2. Palm Vein Scanners
  3. Voice Recognition Devices
  4. Contactless Smart Cards & Readers
  5. Others
• Services
  1. Managed Services
  2. Professional Services

·        Application Outlook (Revenue, USD Billion; 2019–2030)

• KYC & Onboarding
• Criminal Identification & Forensic
• Access Control
• Others

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 The Contactless Biometrics Market report, additionally, offers a comprehensive Contactless Biometrics Market SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the Contactless Biometrics Market competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

 Table of content:

Chapter 1 includes an introduction of the global Contactless Biometrics Market , along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.

• Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
• Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
• In Chapter 4, our team has fragmented the Contactless Biometrics Market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
• Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.

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About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.