Oct 7, 2020 12:18 PM ET
iCrowd Newswire – Oct 7, 2020

Global Contactless Biometrics Technology Market Size study, by Component (Hardware, Software, Services), by Application (Face, Hand Geometry, Voice, Iris, Fingerprint, Others), by End-Use Industry (Government, Banking & Finance, Consumer Electronics, Healthcare, Transport & logistics, Defense & Security, Others) and Regional Forecasts 2020-2027, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Contactless Biometrics Technology market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Contactless Biometrics Technology market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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Global Contactless Biometrics Technology Market is valued approximately at USD 6.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 20.3% over the forecast period 2020-2027.

contactless biometrics technology Market

Biometrics is defined as a process through which a person’s exclusive traits are recorded and recognized by means of an electrical device. Whereas contactless biometric technology usually offers the use of touchless authentication technology, which offers a safer mode reliant on convenience and hygiene. Contactless biometrics technology is an exceptionally accurate and consistent system for the detection of personal biometrics (such as contactless methods) and is applied for the registration, turnout, and administration of personnel. Contactless biometrics further offer secure access to applications and authenticates payments. Furthermore, the rise in demand for smartphones, along with the rising utilization of Automatic Identification and Data Capture (AIDC) technology in the e-commerce and retail industry are the few factors responsible for the CAGR of the market during the forecast period. According to Statista, about 1.6 billion units of smartphone were shipped around the world in 2016, demonstrating an increase from 1.3 billion smartphones shipments since 2014. Also, as per the International Data Corporation (IDC), the smartphone sellers distributed a total of 369.8 million units across the globe in the fourth quarter of 2019. Thus, the steady growth in demand for smartphones is contributing to higher demand for contactless biometric technology, thereby, making a significant impact on the market growth all over the world. However, data security & privacy concern is one of the major factors limiting the market growth over the forecast period of 2020-2027.

The regional analysis of the global Contactless Biometrics Technology market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising adoption of contactless biometric solutions in government & defense applications, along with the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in production of smartphones along with the increasing digitalization in the industrial sector across developing countries, such as China and India, would create lucrative growth prospects for the Contactless Biometrics Technology market across the Asia-Pacific region.

Key Segments Studied in the Global Contactless Biometrics Technology Market

Professional Key players:

Aware Inc.

Fingerprint Cards AB

Fujitsu Limited

Gemalto N.V.

HID Global

IDEMIA

M2SYS Technology

NEC Corporation

nViaSoft

Touchless Biometric Systems AG

Market Segmentation:
Global Contactless Biometrics Technology Market Size study,

By Component (Hardware, Software, Services),

By Application (Face, Hand Geometry, Voice, Iris, Fingerprint, Others),

By End-Use Industry (Government, Banking & Finance, Consumer Electronics, Healthcare, Transport & logistics, Defense & Security, Others) and Regional Forecasts 2020-2027

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

 Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
The research includes the key strategic activities such as R&D plans, M&A completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.

Key Market Features in COVID-19 Outbreak:

The report highlights market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.

Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster speed and why?

Q.3 Which regions will grow at a faster speed and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats of market?

Q.6 What are emerging trends in market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market?

Q.11 What M & A activities have taken place in the last five years in this market?

The Study Explore COVID 19 Outbreak Impact Analysis

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Contactless Biometrics Technology Market Report:

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Contactless Biometrics Technology Market, by Region, 2018-2027 (USD Billion)
1.2.2. Contactless Biometrics Technology Market, by Component, 2018-2027 (USD Billion)
1.2.3. Contactless Biometrics Technology Market, by Application, 2018-2027 (USD Billion)
1.2.4. Contactless Biometrics Technology Market, by End-Use Industry, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Contactless Biometrics Technology Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Contactless Biometrics Technology Market Dynamics
3.1. Contactless Biometrics Technology Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Contactless Biometrics Technology Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Contactless Biometrics Technology Market, by Component
5.1. Market Snapshot
5.2. Global Contactless Biometrics Technology Market by Component, Performance – Potential Analysis
5.3. Global Contactless Biometrics Technology Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Contactless Biometrics Technology Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
5.4.3. Services
Chapter 6. Global Contactless Biometrics Technology Market, by Application
6.1. Market Snapshot
6.2. Global Contactless Biometrics Technology Market by Application, Performance – Potential Analysis
6.3. Global Contactless Biometrics Technology Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Contactless Biometrics Technology Market, Sub Segment Analysis
6.4.1. Face
6.4.2. Hand Geometry
6.4.3. Voice
6.4.4. Iris
6.4.5. Fingerprint
6.4.6. Others
Chapter 7. Global Contactless Biometrics Technology Market, by End-Use Industry
7.1. Market Snapshot
7.2. Global Contactless Biometrics Technology Market by End-Use Industry – Potential Analysis
7.3. Global Contactless Biometrics Technology Market Estimates & Forecasts by End-Use Industry 2017-2027 (USD Billion)
7.4. Contactless Biometrics Technology Market, Sub Segment Analysis
7.4.1. Government
7.4.2. Banking & Finance
7.4.3. Consumer Electronics
7.4.4. Healthcare
7.4.5. Transport & logistics
7.4.6. Defense & Security
7.4.7. Others
Chapter 8. Global Contactless Biometrics Technology Market, Regional Analysis
8.1. Contactless Biometrics Technology Market, Regional Market Snapshot
8.2. North America Contactless Biometrics Technology Market
8.2.1. U.S. Contactless Biometrics Technology Market
8.2.1.1. Component breakdown estimates & forecasts, 2017-2027
8.2.1.2. Application breakdown estimates & forecasts, 2017-2027
8.2.1.3. End-Use Industry breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Contactless Biometrics Technology Market
8.3. Europe Contactless Biometrics Technology Market Snapshot
8.3.1. U.K. Contactless Biometrics Technology Market
8.3.2. Germany Contactless Biometrics Technology Market
8.3.3. France Contactless Biometrics Technology Market
8.3.4. Spain Contactless Biometrics Technology Market
8.3.5. Italy Contactless Biometrics Technology Market
8.3.6. Rest of Europe Contactless Biometrics Technology Market
8.4. Asia-Pacific Contactless Biometrics Technology Market Snapshot
8.4.1. China Contactless Biometrics Technology Market
8.4.2. India Contactless Biometrics Technology Market
8.4.3. Japan Contactless Biometrics Technology Market
8.4.4. Australia Contactless Biometrics Technology Market
8.4.5. South Korea Contactless Biometrics Technology Market
8.4.6. Rest of Asia Pacific Contactless Biometrics Technology Market
8.5. Latin America Contactless Biometrics Technology Market Snapshot
8.5.1. Brazil Contactless Biometrics Technology Market
8.5.2. Mexico Contactless Biometrics Technology Market
8.6. Rest of The World Contactless Biometrics Technology Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Aware Inc.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Fingerprint Cards AB
9.2.3. Fujitsu Limited
9.2.4. Gemalto N.V.
9.2.5. HID Global
9.2.6. IDEMIA
9.2.7. M2SYS Technology
9.2.8. NEC Corporation
9.2.9. nViaSoft
9.2.10. Touchless Biometric Systems AG
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

……..and view more in complete table of Contents

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