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Contactless Biometrics Technology Market May See Big Move : Fujitsu, NEC, Aware

Contactless Biometrics Technology Market

The Latest research study released by HTF MI “Contactless Biometrics Technology Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research are Touchless Biometric Systems AG (Switzerland), Fingerprint Cards AB (Sweden), IDEMIA (France), nViaSoft (United States), Fujitsu Limited (Japan), NEC Corporation (Japan), Gemalto N.V. (Netherlands), Aware Inc. (United States), HID Global (United States), M2SYS Technology (United States).

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by Type (Facial Recognition, Contactless Cards, Others), Application (Identity Verification, Payments & Transactions, Access Control), Components (Hardware, Software, Service), Industry Vertical (Government, Banking & Finance, Consumer Electronics, Healthcare, Transport & Logistics, Defense & Security, Others)

Biometrics can be defined as the process by which a person’s unique characteristics are recognized and recorded by an electrical device, which means a statistical analysis of biological phenomena. This includes the identification of fingerprints, hand geometry, iris scan, DNA, odor, face recognition, and handprint. The contactless biometric technology offers the use of contactless authentication technology which offers a more secure mode based on hygiene and convenience. Biometrics has proven to be a very powerful technology for identifying or authenticating users. The development of biometrics also takes advantage of new advances in biometric sensors, computing power, and artificial intelligence. Beyond strengthening security, the user experience has become another key issue to enable the use of biometrics in a greater number of use cases. Contactless biometric technologies help improve the user experience, and the maturity of existing solutions is such that they are already used in various application areas such as forensics, border control, passenger facilitation, or access control.

Market Drivers

  • Rising Demand for High Level of Security in Commercial
  • Rising Penetration of Smartphones and Tablets Coupled With Manufacturers Focus on Facial Recognition
  • Rising Adoption of Contactless Biometrics Solutions in Financial Institutions for Securing Financial Transactions

Market Trend

  • The Recent Covid-19 Epidemic That Prompted a Shift towards Social Distancing Is Influencing Organizations towards Using Contact-Based Biometrics Technology
  • Growing Usage of Automatic Identification and Data Capture (AIDC) Technology in Various Industries
  • Rising Demand for Secure, Hygienic, and Convenient Authentication System in Condominiums and Clubs across the Globe

Opportunities

  • Growing Adoption of Cloud-Based Services, Artificial Intelligence (AI), And Machine Learning (Ml) For Contactless Biometrics Solutions
  • Technology Offers an Innovative and Much Safer Mode Based On Hygiene and Convenience
  • Increasing Support from Government Legislation to Encourage the Use of Touchless Authentication Technology

Challenges

  • Data Theft or Identity Theft Is a Major Challenge

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Geographically, this report is segmented into some key Regions, with manufacture, depletion, revenue (million USD), and market share and growth rate of Contactless Biometrics Technology in these regions, from 2017 to 2027 (forecast), covering China, USA, Europe, Japan, Korea, India, Southeast Asia & South America and its Share (%) and CAGR for the forecasted period 2022 to 2027

Informational Takeaways from the Market Study: The report Contactless Biometrics Technology matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.

Key Development’s in the Market: This segment of the Contactless Biometrics Technology report fuses the major developments of the market that contains confirmations, composed endeavors, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.