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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. Companies
are implementing improved security features such as pulse biometric
applications and others with highly developed Artificial Intelligence
(AI)-based technologies to take advantage of this, which is contributing to
revenue growth of the market.
Browse Full TOC Of the Reports @ https://www.emergenresearch.com/industry-report/contactless-biometrics-market
Covid 19 impact analysis:
The
report considers COVID-19 as a key contributor of the dynamically altered
market scenario. The report covers a comprehensive impact analysis of the
global health crisis on the overall growth of the market. The report covers
growth prospects as well as current and futuristic revenue estimations in a
post COVID scenario. The report also covers changing trends and market dynamics
due to the pandemic and provides an accurate impact analysis of the crisis on
the overall market.
Competition in the Contactless Biometrics Market
Major
Companies and Competitive Landscape
The global Contactless Biometrics Market is fairly
fragmented with many large and medium-sized players accounting for majority of
market revenue. Major companies are deploying various strategies, entering into
mergers & acquisitions and strategic agreements & contracts. Some major
players included in the global Contactless Biometrics Market report are:
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., and T3K-Forensics GmbH.
Objectives of the Report:
Industrial
structure analysis of the Contactless Biometrics Market by identification of
various sub-segments
Extensive
analysis of key market players along with their SWOT analysis
Competitive
landscape benchmarking
Analysis
of Contactless Biometrics Market based on growth trends, futuristic outlook,
and contribution to the total growth of the market
Analysis
of drivers, constraints, opportunities, challenges, and risks in the global
Radiofrequency-Based Devices market
Comprehensive
analysis of competitive developments such as expansions, agreements, new
product launches, and other strategic alliances
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