Global Contactless Biometric Market to 2027

Contactless biometrics is defined as identification of different faces on large scale. This technology is used to enhance security through face recognition. Also, contactless biometrics collect data of an individual by using cloud based platform.

Market Drivers

Increase in adoption of cloud-based services like artificial intelligence and machine learning is expected to boost the global contactless biometric market growth. Furthermore, increase in penetration of Smartphones and tablets coupled with companied focui=sing on manufacturing of facial recognition software in smartphones by addition of verification layer to unlock the smartphones which is expected to propel the market growth. Moreover, rise in support from government legalization to encourage the usage of contactless authentication technology will fuel the market growth in near future. Also, high adoption of this technology in healthcare sector will grow the market significantly.

Market Restraints

However, high cost of contactless biometrics is the restraining factor which is expected to hinder the global contactless biometrics market growth.

Market Segmentation

Global Contactless Biometric Market is segmented into technology such as Contactless Cards, Voice Recognition, Palm Vein Recognition, Iris Recognition, Facial Recognition, and Contactless Fingerprint Technology, by application such as Access Control, Payments & Transactions, and Identity Verification, by component such as Hardware, Software, Services, and Managed. Further, market is segmented into industry vertical, such as Retail, Military & Defense, Healthcare, Government & Law Enforcement, BFSI, and Others.

Also, Global Contactless Biometric Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Biorugged, Vision-Box, Aware, Cognitec, Authen Trend, IRIS ID,JENETRIC, Regula, Telpo, and IrisGuard

Market Taxonomy

By Technology

• Contactless Cards
• Voice Recognition
• Palm Vein Recognition
• Iris Recognition
• Facial Recognition
• Contactless Fingerprint Technology

By Application

• Access Control
• Payments & Transactions
• Identity Verification

By Component

• Hardware
• Software
• Services
• Managed

By Industry Vertical

• Retail
• Military & Defense
• Healthcare
• Government & Law Enforcement
• BFSI
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa