Contactless Biometrics Market Outlook, Opportunity and Demand 2031Posted by Divakar on April 23rd, 2021 Surge in the need for high-end security across government establishments as well as corporates has led to mounting demand for biometric technology. While the past half-decade witnessed technological upgradation of biometric technology, demand for contactless biometrics has also increased. Based on Fact.MR’s assessment, in 2020, out of every 10 biometric unit sales, four were contactless. The outbreak of COVID-19 further unfurled the utility of the less-prominent features of this technology, including identification of people with masks on the face and extended capability of temperature scanning. As per the latest report published by Fact.MR, the global contactless biometrics market is anticipated to exceed a valuation of US$ 9 Bn by 2021, and expand at an impressive CAGR of around 16% over the forecast period of 2021 to 2031. Key Takeaways from Market Study
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=5756 “Collaborations play an important role in the market for contactless biometrics. While this stands as a win-win strategy, it also encourages the industry to adopt feedback-based product development,” says a Fact.MR analyst. Winning Strategy Fingerprint applications have gained significant traction in the recent past, as they have enabled contactless card payment instead of using PINs. With growing urbanization, the need for quicker authentication processes with be pivotal during the mid-to-long term. This highlights the growing adoption of voice and iris applications, owing to them being hassle-free and less time consuming. For critical insights on this market, request for Methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5756 More Valuable Insights Fact.MR, in its new offering, presents an unbiased analysis of the global contactless biometrics market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study reveals essential insights on the basis of component (hardware, software, services – professional services, and managed services), application (face, fingerprint, hand geometry, iris, voice, and others), and end use (government, banking & finance, consumer electronics, healthcare, transportation & logistics, defense & security, and others), across seven major regions of the world (North America, Latin America, Europe, MEA, East Asia, South Asia, and Oceania). About Fact.MR Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner. Contact: Corporate Headquarter: Like it? Share it! More by this author |