The size of the contactless biometrics technology market is projected to increase by 17.6% between 2022 and 2030, from US$ 19,456.1 million in 2022 to US$ 71,407.4 million by 2030. Contactless biometrics has received a lot of popularity as the highest level of security mechanism since biometrics has become a crucial component within businesses, institutions, and government facilities.
Numerous contactless biometric technologies, such as voice biometrics, contactless fingerprint technology, palm vein recognition, facial recognition, and iris recognition, provide significant advantages over conventional touch-based biometrics in terms of cleanliness, accuracy, low maintenance, and increased security.
Key Takeaways from the Market Study on Contactless Biometrics Technology
- Due to the widespread use of touchless biometrics systems in government and military applications, North America is anticipated to account for a sizeable portion of the global market for contactless biometrics during the forecast period.
- Due to the widespread use of this contactless biometrics technology for identity verification and access control, face recognition is predicted to hold the biggest market share.
- Access control applications, where such technologies are frequently used, are expected to experience the fastest growth rate during the forecasted period.
- Due to the requirement for touchless biometrics systems for public safety applications, demand for contactless biometrics solutions among government agencies will increase during the COVID-19 pandemic.
- Fujitsu Limited
- NEC Corporation
- Gemalto (Thales)
- Aware Inc.
- HID Global
- M2SYS Technology