The Contactless Biometrics Technology Market size is anticipated to grow from US$ 19,456.1 Mn in 2022 to US$ 71,407.4 Mn by 2030, recording 17.6% during 2022-30. As biometrics has become a vital component within enterprises, institutions, and government facilities, contactless biometrics has gained a lot of traction offering the highest level of security mechanism.
Various contactless biometric modalities include facial recognition, iris recognition, palm vein recognition, contactless fingerprint technology and voice biometrics, which offer a significant benefit over traditional touch-based biometrics in terms of hygiene, accuracy, low maintenance and enhanced security.
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Key Takeaways of Contactless Biometrics Technology Market Study
- North America is expected to hold a significant share in the global contactless biometrics market during the forecast period, due to high adoption of touchless biometrics systems for government and military applications.
- By Technology, facial recognition is estimated to contribute the largest market share, as this contactless biometrics modality is widely implemented for identity verification and access control.
- Identity verification application to witness the highest growth rate during the forecast period, followed by access control application, where such technologies are widely adopted.
- Demand for contactless biometrics solutions among government agencies would surge, amid the COVID-19 outbreak, due to need for touchless biometrics systems for public safety applications.
COVID-19 Pandemic Impact Analysis
COVID-19 outbreak has been a prime catalyst for the growth of adoption of contactless biometrics solutions. With the spread of this deadliest virus worldwide, various organizations, governments and institutions are now focusing on hygiene and secure way of verifying the personal identities, providing access controls to the users, without any physical contact with the security infrastructure. Governments across the world has ramped up their measures to adopt contactless biometrics technologies to swiftly respond to the crisis.
There is nearly US$ 2.0 Bn absolute dollar opportunity in the year 2022 from 2011, for global contactless biometrics market, with market growing by about 16-17% YoY in the next 3 years. Amid the COVID-19 crisis, many startups and enterprises have developed and launched contactless biometrics systems, to contain the spread of this virus and ensure organizational security.
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More Valuable Insights on Contactless Biometrics Technology Market
Future Market Insights offers an unbiased analysis of the global contactless biometrics technology market, providing historical data for 2015-2021 and forecast statistics from 2022-2030.
Contactless Biometrics Technology Market Outlook by Category
By Technology:
- Contactless Fingerprint Technology
- Facial Recognition
- Iris Recognition
- Palm Vein Recognition
- Voice Recognition
- Contactless Cards
By Component:
- Hardware
- Software
- Services
By Application:
- Identity Verification
- Payments & Transactions
- Access Control
By Industry:
- BFSI
- Government & Law Enforcement
- Healthcare
- Military & Defense
- Retail
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East & Africa