The global contactless biometrics market is anticipated to grow significantly at a CAGR of 20.0% over the forecast period (2021-2027). The outbreak of COVID-19 had positively impacted the growth of the market. The rising need for the contactless biometric in the need to contain the spread of the virus and maintain security levels is the key aspect that drives the growth of the global contactless biometrics market. Rising COVID-19 cases across the globe are pushing everyone to minimize physical contact with the common surface, thereby, increasing the adoption of various contactless biometrics such as the face, iris, and voice & speech. Hence, this promotes the growth of the contactless biometrics market during the forecast period.
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Besides, governments and the key players operating in the market across the globe have also worked up their measures to implement contactless biometrics technology to quickly react to the crisis. Players such as Amazon Web Services Inc., Apple Inc., Aware Inc., Fujitsu Ltd., Google Inc., Microsoft Corp., NEC Corp., and Sonix Inc. among others substantially contribute to the market growth. For instance, in April 2020, HID Global collaborated with Fidesmo, a company that enables the connection between contactless services and wearables. Under the collaboration, HID Global will bring more use cases to wearables in partnership with Fidesmo. Thus, the launch of novel products by the companies is likely to drive the growth of the market during the forecast period.
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Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Component, Application, and End-Use
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Amazon Web Services Inc., Apple Inc., Aware Inc., Fujitsu Ltd., Google Inc., Microsoft Corp., NEC Corp., and Sonix Inc. among others
Global Contactless Biometrics Market – Segmentation
By Component
- Hardware
- Software
- Services
By Application
- Face
- Iris
- Voice & Speech
- Others
By End-Use
- BFSI
- IT &Telecommunication
- Healthcare
- Retail
- Government & Utilities
- Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
