According to a Market analysis “Contactless Biometrics Market with COVID-19 Impact Analysis by Offering (Multimodal Biometrics Solution, Hardware, Software, Services), Software (Face Recognition, Iris Recognition), Application, Vertical and Region – Global Forecast to 2027″ the contactless biometrics market is expected to rise at a Compound Annual Growth Rate (CAGR) of 15.1% over the forecast period, from USD 19.7 billion in 2022 to USD 39.8 billion by 2027, according to a report released by MarketsandMarkets. The adoption of smartphones and tablets, government initiatives supporting the use of contactless biometrics solutions, growing security and hygiene concerns among users due to touch-based biometrics, and increased use of contactless biometrics technology following the pandemic are the main driving factors contributing to the high growth rate of the contactless biometrics market.

Market Drivers:

• Post-Pandemic Hygiene Concerns: The COVID-19 pandemic has accelerated the shift from touch-based biometric systems to contactless alternatives due to heightened hygiene concerns and the risk of spreading viruses through physical touch.
• Government Support: Various government initiatives are encouraging the adoption of contactless biometrics for enhanced security and public safety.
• Enhanced Security Needs: Growing concerns about security and privacy are pushing for more advanced and less invasive authentication methods.

Market Restraints:

• High Deployment Costs: The initial costs of implementing contactless biometric systems, including sophisticated sensors and installation, can be prohibitive for many organizations.
• Expense of Components: High costs associated with components like iris and retina scanners can limit adoption, although prices are expected to decrease over time.

Opportunities:

• Increased Smartphone Use: The growing prevalence of smartphones and tablets with integrated facial recognition features is expected to boost the demand for contactless biometric solutions.
• Expanding Applications: As more sectors recognize the benefits of contactless biometrics, new opportunities for growth are emerging, particularly in retail, healthcare, and finance.

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List of Top Contactless Biometrics Market Companies

• Aware (US)
• Fingerprint Cards AB (Sweden)
• Fujitsu (Japan)
• HID Global (US)
• IDEMIA (France)
• NEC Corporation (Japan)
• Thales (France)
• Veridium (UK)
• BioConnect (Canada

Regional Insights:

• North America: Leading the market due to early adoption of new technologies and strong government regulations supporting biometric authentication. The region’s high demand is driven by concerns over identity theft and increasing terrorist threats.
• Europe: Experiencing growth but facing challenges related to privacy regulations.
• APAC: Rapid technological adoption and growing smartphone usage are boosting market growth.
• Latin America and MEA: These regions are expanding as technology becomes more accessible and cost-effective.

Recent Developments:

• IDEMIA: Launched new contactless fingerprint terminals with enhanced integrations.
• Fingerprint Cards AB: Partnered to develop biometric payment cards.
• Jumio and Veridium: Combined technologies to enhance touchless biometric capabilities.

By offering, the services segment to register the highest growth rate during the forecast period

The need for contactless biometrics services has increased recently, according to offers. Biometric onboarding and authentication capabilities are provided by contactless biometric services, which also remove the need for expensive database, network, and storage components. Professional and managed services are two types of contactless biometrics services. Analysis, advice, feasibility evaluation, and training and consulting services are other categories for professional services. Because managed services help businesses cut costs, risks, and effort, it is anticipated that their growth will accelerate. Growing user numbers and government data security measures are the main drivers of its demand. Furthermore, the industry is being helped by the increasing use of mobile devices and the growing need for reliable fraud detection and prevention systems.

Based on application area, the criminal identification and forensics segment to grow at the highest CAGR during the forecast period

When conducting a criminal investigation, contactless biometric solutions are quite helpful. Fingerprints, palm prints, hand veins, hand form, face, DNA, voice, iris, and other biometrics are used in forensic biometrics. The NeoFace Reveal facial recognition technology from NEC Corporation was implemented by the Edmonton Police Service (EPS) in Canada in February 2022 in order to identify suspects in investigations using images and CCTV footage. The police will benefit from the program as it can access databases including images of criminals who were previously charged with serious crimes. Additionally, the software uses face recognition capabilities to detect bogus information about the people under custody.

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