Greater emphasis on public safety monitoring and soaring need for patient screening and early detection are pushing the demand for more sophisticated touch-less biometrics technology. Driven by broadening application for identity verification, payments, transactions, and access control, global contactless biometrics technology market will grow exponentially at over 17% through 2030. 

As indicated by a new report of Future Market Insights (FMI), the novel coronavirus outbreak will have a widespread influence on contactless biometrics technology market. A considerable uptick in online transactions will be a complementary force. Adoption rates will remain higher at facilities that require stringent surveillance, law enforcement, and access control. Key companies are leveraging demand from law enforced and government sectors. Healthcare and biotechnology facilities would account for a majority of demand, especially for facial recognition systems.

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As the COVID-19 crisis unfolds across multiple countries at a significant pace, organizations are increasingly looking for ways to deploy biometric sensors that avoid touch in shared and public spaces. In recent times, the pandemic has induced a forced behavioral change, including adaptation in the virtual work environment, use of digital signatures for legal documents, and contactless payments over bank notes.

“An influx of innovative and secure avenues of healthcare applications will arise amid the COVID-19 pandemic, fostering demand specifically for iris recognition and facial recognition systems,” projects the FMI report.

Contactless Biometrics Technology Market – Key Takeaways

• Application for facial recognition will experience a boom, with soaring demand for verification and access control.
• Demand for application in identity verification is soaring, followed closely by access control.
• Software installed base continues to account for a significant market share.
• North American market continues to lead, majorly driven by military and government applications.

Contactless Biometrics Technology Market – Key Driving Factors

• Increasing government investments in iris recognition, facial biometrics, and fever detection is driving market growth.
• Declining preference for contact forms of biometrics among enterprises, healthcare facilities, and border control units has augured well for market growth.
• Visible rise in collaborations between biometric system vendors and governments for introducing citizen-centric contactless solutions is pushing demand further.
• Operational benefits of accuracy, hygiene, security, and minimal maintenance are complementary to market growth.

Explore the global contactless biometrics technology market report with 175 illustrative figures, 36 data tables and the table of contents. You can also find a comprehensive market segmentation on https://www.futuremarketinsights.com/askus/rep-gb-11283

Contactless Biometrics Technology Market – Key Restraints

• High price point associated with contactless biometric systems in comparison to conventional systems limits broader adoption.
• Privacy and security concerns remain longstanding constraints that go hand in hand with each new innovation introduced in market.

Competition Analysis

Key players are primarily investing in varying biometric modalities such as contactless fingerprint tech, facial recognition, voice and iris recognition, and palm vein recognition to appeal to a wider consumer base. Biometric system vendors will specifically emphasize raising awareness about the benefits of security and hygiene maintenance through contactless biometrics technology. The global COVID-19 pandemic has created opportunities for market players as touch based alternatives are losing their share to touch-less systems. Equipment manufacturers are collaborating with governments to contribute towards virus containment. Some of the leading players include but are not limited to IDEMIA, NEC, Fujitsu, and Gemalto.

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Adoption of Cloud-based ELNs in Food & Beverage Industry

Key Takeaways of Cloud ELN Service Market Study

• The academic and scientific research industry is expected to register a higher CAGR among all segments by industry during the forecast period, as by using cloud ELNs, scientists can easily access their documents and collaborate with their colleagues.
• Among the components, the software segment is projected to hold significant market share, owing to increasing adoption of cloud ELN services across various industries.
• The market in Asia Pacific excluding Japan (APEJ) is estimated to grow at a higher CAGR in the global cloud ELN service market, due to increasing awareness of laboratory solutions. Moreover, increasing number of clinical trials in emerging economies such as India, China, and Singapore is also expected to drive the growth of the cloud ELN service market in APEJ.

Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

3.3. Key Success Factors

4. Global Contactless Biometrics Technology Market – Pricing Analysis

4.1. Pricing Analysis, By Component

4.1.1. Hardware Unit Pricing Analysis

4.2. Global Average Pricing Analysis Benchmark

5. COVID-19 Pandemic Crisis Impact Analysis