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Contactless Biometrics Technology Market Sales to Flatten Due to COVID-19 Pandemic; Key Market Players to Redesign Deve

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.

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Contactless Biometrics Technology Market Sales to Flatten Due to COVID-19 Pandemic; Key Market Players to Redesign Deve

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  1. Contactless Biometrics Technology Market to Face a Significant Slowdown in 2030, as COVID-19 Sets a Negative Tone for Investors May 2020 Report Id : REP-GB-11283 Published On : 14-April-2020 www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights Category : Electronics, Semiconductors, and ICT © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Syndicated Research Investment Research Social Media Research Subscription Information For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research # Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Contactless Biometrics Technology Market Analysis 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. "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. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Contactless Biometrics Technology Market Analysis 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. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Contactless Biometrics Technology Market Analysis 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. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. Contactless Biometrics Technology Market Analysis Request for covid19 Impact Analysis: https://www.futuremarketinsights.com/covid19/rep-gb-11283 More About the Report The FMI's market research report of 300 pages offers comprehensive insights on contactless biometrics technology market. The market is analyzed on the basis of technology (contactless fingerprint technology, facial recognition, iris recognition, palm vein recognition, voice recognition, and contactless cards), component (hardware, software, services, and others), application (identity verification, payments & transactions, and access control), and industry (BFSI, government & law enforcement, healthcare, military & defense, retail, and others) across six key regions (North America, Latin America, Europe, East Asia, South Asia and Pacific, and MEA). www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

  8. Contactless Biometrics Technology Market Analysis Source Link: https://www.accesswire.com/588238/Gauging-the-COVID-19-Impact- Contactless-Biometrics-Technology-Penetrates-Security-Infrastructure-Faster-as-the-World- Goes-Touchless-Future-Market-Insights Explore Extensive Coverage of FMI's Electronics, Semiconductors, and ICT Landscape: • Optical Networking Market • Level Sensor Market • Electronic Payment System For Transportation Market About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

  9. Contactless Biometrics Technology Market Analysis Contact Us: Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Future Market Insights Click here to Order a free sample For more insights on the Contactless Biometrics Technology Market, you can request a report sample with full TOC www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved

  10. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 10 © 2019 Future Market Insights, All Rights Reserved

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