Contactless Biometrics Market Growing at a CAGR of 15.1% | Key Player Aware, Fingerprint Cards AB, Fujitsu, HID Global, IDEMIA

“Aware (US), Fingerprint Cards AB (Sweden), Fujitsu (Japan), HID Global (US), IDEMIA (France), M2SYS Technology (China), NEC Corporation (Japan), nVIAsoft (US ), Touchless Biometric Systems (Switzerland), Thales (France), Veridium (UK), BioConnect (Canada), Innovatrics (Slovakia), Cognitec Systems (Germany), DERMALOG Identification Systems (Germany).

Contactless Biometrics Market By Offer (Multimodal Biometric Solution, Hardware, Software, Services), Software (Facial Recognition, Iris Recognition), Application, Vertical & Region – Global Forecast to 2027

The contactless biometrics market size is expected to grow from USD 19.7 billion in 2022 to USD 39.8 billion by 2027, at a compound annual growth rate (CAGR) of 15.1% during the period forecast. Major driving factors contributing to the high growth rate of the contactless biometrics market include increased usage of contactless biometrics technology post-pandemic due to security concerns, government initiatives that support the adoption of contactless biometrics solutions contact and increasing safety and hygiene issues among users due to touch systems.

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By offering, the services segment to register the highest growth rate during the forecast period

Offer-based, contactless biometrics services have seen increasing demand in recent years. Contactless biometric services provide biometric integration and authentication capabilities, and eliminate the costs associated with database, network, and storage components. Contactless biometrics services include professional services and managed services. Professional services are further classified into training and consultancy services, feasibility assessment services, analysis and consultancy services. Managed services are expected to grow at a higher rate as they offer organizations reduced effort, time, money, and risk. His request is motivated by the increase in the number of users and the government’s data security initiatives. Additionally, the growing use of mobile devices and growing demand for robust fraud detection and prevention systems are also helping the market.

Based on the application area, the criminal identification and forensics segment is expected to grow at the highest CAGR during the forecast period

Contactless biometric solutions are very useful in criminal investigations. Forensic biometrics uses fingerprints, palm prints, hand vasculature, hand shape, face, DNA, face, voice, iris, etc. In February 2022, the Edmonton Police Service (EPS) in Canada adopted NEC Corporation’s NeoFace Reveal facial recognition solution to identify suspects. in investigations using CCTV images and photos. The software will help police forces with their databases that include criminal photos previously charged with heinous crimes. Additionally, the software enables the detection of false information about detainees through facial recognition capabilities.

Some of the key and innovative vendors in the contactless biometrics market include Aware (US), Fingerprint Cards AB (Sweden), Fujitsu (Japan), HID Global (US), IDEMIA (France), M2SYS Technology ( China), NEC Corporation (Japan), nVIAsoft (USA), Touchless Biometric Systems (Switzerland), Thales (France), Veridium (UK), BioConnect (Canada), Innovatrics (Slovakia), Cognitec Systems (Germany) , DERMALOG Identification Systems (Germany), SecuGen (USA), Neurotechnology (Lithuania), Shufti Pro (UK), Fidentity (Switzerland), Daon (USA), NVISO (Switzerland), Noldus (Netherlands ), Blue Biometrics (Australia), True Face (USA), Veridos (Germany) and ID R&D (USA).

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These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the contactless biometrics market. Partnerships, agreements and collaborations, new product launches were the strategies most adopted by the major players from 2019 to 2022 to innovate their offers and expand their customer base.

Aware is a global provider of biometric software, services and solutions. The Company operates through two main segments: Imaging and Biometrics. The company offers products and solutions for authentication processes based on fingerprint, face and iris recognition, among other technologies. Aware offers its products for border management, law enforcement, defense, intelligence, citizen identification, banking and payments. The company also provides field-proven interoperable biometric capabilities to capture, verify, compress and decompress biometric images. Its contactless biometric products include Knomi and Aware ABIS. Aware offers the Knomi mobile biometric authentication platform that can be configured for various contactless applications. Knomi provides face and voice recognition, passive liveness detection, flexible options based on devices, servers and browsers. Aware has a large customer base all over the world. It targets more than 100 business leaders and 80 government agencies.

Fingerprint Cards AB has been providing secure and convenient identification and authentication solutions for two decades. It manufactures different sensors that use different techniques such as touch technology, Swipe technology and area for fingerprint recognition. Fingerprint Cards AB uses various technologies such as biometric sensors, processors, modules, software and algorithms. These technologies are used separately and in combination with each other to serve mobile and enterprise security, payments, and even smart homes. Fingerprints Cards AB offers the Touchless 2.0 platform, which uses a combination of iris and face recognition technology to offer solutions for mainstream consumer devices. Automotive, IoT and access applications, advanced iris and face recognition software are combined with simple, inexpensive and easy to integrate hardware to perform fast and reliable contactless recognition for use in smartphones. With more than 200 employees, Fingerprint Cards AB caters to a large customer base all over the world. It plans to expand its presence into new regions and set up regional offices in China and Switzerland. A new distribution hub will also be set up in Singapore.

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