[Latest] Global Contactless Biometrics Technology Market Size/Share Worth USD 47.6 Billion by 2033 at a 17.7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Contactless Biometrics Technology Market size & share revenue was valued at approximately USD 14.1 Billion in 2023 and is expected to reach USD 15.5 Billion in 2024 and is expected to reach around USD 47.6 Billion by 2033, at a CAGR of 17.7% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are NEC Corporation, Gemalto, IDEMIA, Fingerprint Cards AB, Aware Inc., Crossmatch, BIO-key International Inc., Cognitec Systems GmbH, Daon, FaceFirst Inc., Fujitsu Limited, HID Global Corporation, IDEX Biometrics ASA, ImageWare Systems Inc., M2SYS Technology, Precise Biometrics AB, SecuGen Corporation, Synaptics Incorporated, Thales Group, ZKTeco Inc., and others.

/EIN News/ -- Austin, TX, USA, July 18, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Contactless Biometrics Technology Market Size, Trends and Insights By Component (Hardware, Software, Service), By Application (Face, Fingerprint, Iris, Voice, Others), By End User (Banking & Finance, Consumer Electronics, Healthcare, Transport & Logistics, Defense & Security, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Contactless Biometrics Technology Market size & share was valued at approximately USD 14.1 Billion in 2023 and is expected to reach USD 15.5 Billion in 2024 and is expected to reach a value of around USD 47.6 Billion by 2033, at a compound annual growth rate (CAGR) of about 17.7% during the forecast period 2024 to 2033.”

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Contactless Biometrics Technology Market: Overview

Contactless biometrics technology refers to the use of biometric authentication methods that do not require physical contact between the user and the biometric sensor or device.

One prevailing global trend in contactless biometrics technology is the rapid integration of artificial intelligence (AI) and machine learning algorithms. These advancements enable more accurate and efficient biometric identification systems by continuously learning and adapting to users’ characteristics and behaviors.

Another trend is the increasing emphasis on multimodal biometrics, which combines multiple biometric modalities such as fingerprint, face, iris, voice, and behavioral biometrics for enhanced security and user convenience.

Additionally, there’s a growing focus on privacy and data protection, leading to the development of secure and privacy-preserving biometric techniques such as homomorphic encryption and federated learning.

Furthermore, the COVID-19 pandemic has accelerated the adoption of touchless biometric solutions, driving innovations in contactless modalities like facial recognition and iris recognition to minimize physical contact and enhance hygiene in various applications.

Overall, these trends are shaping the evolution of contactless biometrics technology towards greater accuracy, security, privacy, and usability.

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By component, the software segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. In the software industry, there’s a notable trend towards cloud-native architectures, emphasizing scalability, flexibility, and efficiency, enabling rapid deployment, seamless updates, and improved collaboration across distributed teams.

By application, the face segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The trend in face recognition is shifting towards improved accuracy, increased adoption in various sectors such as security and retail, enhanced privacy protection, and integration with emerging technologies like AI.

By end user, the banking & finance segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. In banking and finance, the key trend is the rapid adoption of contactless payment methods and biometric authentication, enhancing security, convenience, and customer experience in digital transactions.

In the Asia-Pacific region, the trend in contactless biometrics technology is characterized by rapid adoption driven by government initiatives, technological innovation, and smartphone proliferation.

NEC Corporation, is a major Japanese multinational corporation, and producer of telecommunications equipment and related software and services.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 15.5 Billion
Projected Market Size in 2033	USD 47.6 Billion
Market Size in 2023	USD 14.1 Billion
CAGR Growth Rate	17.7% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Component, Application, End User and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Contactless Biometrics Technology report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
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• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Contactless Biometrics Technology report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global Contactless Biometrics Technology market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Contactless Biometrics Technology industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

• What is the size of the Contactless Biometrics Technology market and what is its expected growth rate?
• What are the primary driving factors that push the Contactless Biometrics Technology market forward?
• What are the Contactless Biometrics Technology Industry's top companies?
• What are the different categories that the Contactless Biometrics Technology Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Contactless Biometrics Technology market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Contactless Biometrics Technology Market: Regional Analysis

By region, Contactless Biometrics Technology market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Contactless Biometrics Technology market in 2023 with a market share of 41.6% and is expected to keep its dominance during the forecast period 2024-2033.

The Asia-Pacific region boasts a rapidly expanding population and increasing urbanization, fostering a growing demand for advanced security solutions across various sectors such as banking, healthcare, government, and transportation.

Furthermore, the Asia-Pacific region is home to some of the world’s leading technology hubs, fostering innovation and entrepreneurship in biometrics research and development.

Additionally, the widespread proliferation of smartphones and other smart devices in the region provides a robust platform for deploying contactless biometric solutions for authentication and access control, further driving market growth.

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Browse the full “Contactless Biometrics Technology Market Size, Trends and Insights By Component (Hardware, Software, Service), By Application (Face, Fingerprint, Iris, Voice, Others), By End User (Banking & Finance, Consumer Electronics, Healthcare, Transport & Logistics, Defense & Security, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/contactless-biometrics-technology-market/ 

List of the prominent players in the Contactless Biometrics Technology Market:

• NEC Corporation
• Gemalto
• IDEMIA
• Fingerprint Cards AB
• Aware Inc.
• Crossmatch
• BIO-key International Inc.
• Cognitec Systems GmbH
• Daon
• FaceFirst Inc.
• Fujitsu Limited
• HID Global Corporation
• IDEX Biometrics ASA
• ImageWare Systems Inc.
• M2SYS Technology
• Precise Biometrics AB
• SecuGen Corporation
• Synaptics Incorporated
• Thales Group
• ZKTeco Inc.
• Others

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The Contactless Biometrics Technology Market is segmented as follows:

By Component

• Hardware
• Software
• Service
• Multimodal Biometrics Solution

By Application

• Contactless Fingerprint Recognition
• Face Recognition
• Iris Recognition
• Palm Vein Recognition
• Voice Recognition
• Contactless Biometric Cards

By End User

• BFSI
• Government & Law Enforcement
• Healthcare
• Retail & eCommerce
• Travel & Tourism
• Other Verticals

Based on Services

• Professional Services
• Managed Services

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Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Contactless Biometrics Technology Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Contactless Biometrics Technology Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Contactless Biometrics Technology Market? What Was the Capacity, Production Value, Cost and PROFIT of the Contactless Biometrics Technology Market?
• What Is the Current Market Status of the Contactless Biometrics Technology Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Contactless Biometrics Technology Market by Considering Applications and Types?
• What Are Projections of the Global Contactless Biometrics Technology Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Contactless Biometrics Technology Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Contactless Biometrics Technology Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Contactless Biometrics Technology Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Contactless Biometrics Technology Industry?

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Reasons to Purchase Contactless Biometrics Technology Market Report

• Contactless Biometrics Technology Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Contactless Biometrics Technology Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Contactless Biometrics Technology Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Contactless Biometrics Technology Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Contactless Biometrics Technology market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Contactless Biometrics Technology market analysis.

• The competitive environment of current and potential participants in the Contactless Biometrics Technology market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Contactless Biometrics Technology market should find this report useful. The research will be useful to all market participants in the Contactless Biometrics Technology industry.
• Managers in the Contactless Biometrics Technology sector are interested in publishing up-to-date and projected data about the worldwide Contactless Biometrics Technology market.
• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Contactless Biometrics Technology products' market trends.
• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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