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Report Scope & Overview:

Contactless Biometrics Market is anticipated to develop at a CAGR of 14.9% from 2023 to 2030, from a value of USD 20.01 billion in 2022 to USD 60.78 billion in 2030.

The contactless biometrics technology market currently holds a significant share of around 41% of the overall biometrics technology market. This can be attributed to the increasing adoption of contactless biometrics technologies, such as contactless fingerprint technology, facial recognition, iris recognition, palm vein recognition, voice recognition, and contactless cards, across various applications. One of the key drivers for the growth of this market is the rising demand for identity verification, payments and transactions, and access control solutions. These applications are expected to witness substantial growth in the contactless biometrics technology market. the integration of artificial intelligence technology with biometrics algorithms is anticipated to contribute significantly to the growth of contactless biometrics technologies during the forecasted period. This combination of AI and biometrics is expected to deliver remarkable advancements in the field.

Contactless Biometrics Market Revenue Analysis

Market Definition

Contactless biometric verification enables user authorization without the need for physical interaction with machine sensors. Moreover, the utilization of multi-factor authentication, incorporating non-contact biometrics and behavioral security technology, offers significantly enhanced security compared to conventional procedures. Various types of biometric technology, such as facial recognition, fingerprint mapping, and retina scans, contribute to this advanced level of security.

Market Dynamics

Drivers

  • Rising demand for identity verification, payments, and transactions, and access control solutions.

  • After the Pandemic, contactless biometric technology has become more prevalent.

Market participants have been providing contact-based biometric solutions for authentication and security since the biometric system's debut. Manufacturers have been obliged to concentrate increasingly on contactless biometrics technology over the past two years due to growing hygiene concerns and an increased risk of the spread of coronavirus in public places posed by touch-based biometric solutions. Technology for contactless fingerprint recognition is becoming more widely used. Other biometric technologies, such as vein pattern recognition, speech, and face pattern recognition, are quickly taking over the market. Banks and card issuers have been examining the use of fingerprint recognition for contactless card payments rather than PINs in great detail. A major factor in the creation and use of contactless biometric technologies is the COVID-19 outbreak. This is expected to increase government agencies' need for contactless biometrics for surveillance of the general people. The fundamental driver behind the development and widespread use of contactless biometrics technology has been the COVID-19 pandemic. With the use of face recognition technology, travelers may now check in at airports and airlines all over the world, enabling contactless access through many touchpoints. With the use of this technology, travelers may check their luggage, get through security, and board a flight using a rapid, precise, and safe facial scan.

Restrains

  • The high cost associated with deployment is a significant concern that needs to be addressed.

Opportunities

  • Face recognition systems are used more frequently as smartphones and tablets become more widely available.

  • Increasing demand for Contactless Biometrics from various industries that creates opportunities for the market.

Challenges

  • Data privacy concerns have become increasingly prevalent

Emerging as a pressing issue in numerous Western democracies, data privacy concerns have cast a shadow over the proliferation of facial recognition technology. In the United Kingdom, the police have faced a barrage of legal challenges, accusing facial recognition systems of encroaching upon individuals' privacy rights. These cases contend that while the government may claim ownership of biometric data, the information extracted through facial recognition technology should remain beyond its reach, thereby rendering the collection of such data illegal. Consequently, the UK's data protection watchdog has urgently called upon law enforcement agencies to exercise restraint in deploying live facial recognition in public spaces until the government establishes comprehensive legal guidelines for this transformative technology.

Impact of the Russia-Ukraine

In response to international events, governments may introduce new regulations or export restrictions that affect the flow of technology and components related to contactless biometrics. This could hinder the market's expansion. Heightened tensions in cyberspace between nations involved in conflicts can increase the focus on cybersecurity. This might lead to more stringent cybersecurity requirements for contactless biometric systems to protect against potential threats. Investor and consumer confidence can be influenced by geopolitical events. On September 2022, a data breach occurred, compromising the personal information of over 50,000 users of the fintech start-up, Revolut. During this breach, an unauthorized third party managed to gain access to Revolut's database, compromising the personal information of precisely 50,154 users. If the Russia-Ukraine conflict escalates or has wider-reaching consequences, it could lead to a decrease in overall market confidence, impacting investment and adoption rates in the contactless biometrics sector.

The impact of geopolitical events can sometimes shift the focus of research and development efforts. Resources that might have been allocated to the development of contactless biometric technologies could be redirected towards other priorities during times of conflict. Heightened tensions can lead to an increase in cyberattacks, including those aimed at critical infrastructure and technology companies. Companies in the contactless biometrics sector may need to invest more in cybersecurity measures, diverting resources from other areas.

Impact of Recession

The demand for contactless biometrics can fluctuate during a recession. For instance, there might be increased demand for biometric solutions related to fraud prevention and security, as organizations seek to protect themselves from economic crime. On the other hand, projects related to improving customer experience through biometrics may be deprioritized. Recessions can lead to a reduction in research and development budgets by 8%. Innovations and advancements in contactless biometrics technology may slow down, affecting the introduction of new and improved solutions to the market. Economic downturns can sometimes lead to market consolidation, as smaller companies with less financial resilience may struggle to survive. Larger, more established players may acquire smaller firms or gain a larger share of the market. Government regulations can play a significant role. During a recession, governments might impose stricter regulations related to data privacy and security, which could affect how biometric data is collected, stored, and used. Despite short-term challenges, contactless biometrics can still be seen as a long-term growth area. As society increasingly values security and convenience, the adoption of biometric technologies may continue to expand over time, albeit with some temporary setbacks during economic downturns.

Key Market Segmentation

By Offering

  • Multimodal Biometrics Solution

  • Software

  • Hardware

  • Services

By Services

  • Professional Services

  • Managed Services

By Application

  • Access Control

  • Onboarding & KYC

  • Criminal Identification & Forensics

  • Other Applications

By Software

  • Contactless Fingerprint Recognition

  • Face Recognition

  • Iris Recognition

  • Palm Vein Recognition

  • Voice Recognition

  • Contactless Biometric Cards

By Verticals

  • BFSI

  • Government & Law Enforcement

  • Healthcare

  • Retail & eCommerce

  • Travel & Tourism

  • Other Verticals

Contactless Biometrics Market Segmentation Analysis

Regional Analysis

North America is estimated to hold the largest market share 38.5% in the contactless biometrics market. This dominance can be attributed to the early adoption of cutting-edge technologies in the commercial sector. The region's demand for contactless biometric technologies has surged due to escalating security concerns caused by terrorist activities and the influx of illegal immigrants. To combat these threats and ensure high-level security, there is a growing need for contactless biometric solutions. The U.S. Federal Trade Commission has identified identity theft problems as a key driver for the adoption of advanced authentication methods. Furthermore, various governments in North America have introduced regulations and standards to safeguard personal data and regulate the collection and use of biometric information. This has further propelled the promotion of biometric technologies for authentication and verification purposes.

The Asia Pacific market held the second-largest share of revenue and is projected to experience a significant growth rate. This can be attributed to the increasing demand for public surveillance and monitoring, in 2022, Moqi responded to mounting concerns regarding the transmission of COVID-19 and other infections by introducing a cutting-edge suite of solutions that facilitate contactless scanning. These innovative solutions were unveiled at the prestigious Milipol Asia-Pacific conference held in Singapore in 2022.

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

Rest of Latin America

Key Players:

The major players are HID Global, Touchless Biometric Systems, Fingerprint Cards AB, M2SYS Technology, Fujitsu, IDEMIA, NEC Corporation, Aware, nVIAsoft, Thales, Neurotechnology, Veridium, BioConnect, DERMALOG Identification Systems, Cognitec Systems, SecuGen, Shufti Pro, NVISO, Noldus, Innovatrics, Blue Biometrics, Fidentity, Daon, and others in final report.

HID Global-Company Financial Analysis

Recent development

Infineon, a German company, and Fingerprints, a Swedish company, worked together on 25 November 2022 to create a connection comprehensive solution for biometric payment cards. This cooperation seeks to streamline the production of biometric smart cards using the SECORA Pay Bio turnkey solution as a whole. The upcoming SLC39B Secure Element from Infineon and the FPC1323 sensor from Fingerprints are combined in this system. Additionally, it has bio-applets for Visa and Mastercard, which were part of an earlier operating system called Java Card.

MorphoWave XP and MorphoWave SP, two new generations of contactless fingerprint terminals, were introduced by IDEMIA in January 2022. Both of the new versions have physical and software connections with top gate/turnstile manufacturers and access control solutions.

Contactless biometric payment cards were created, introduced, marketed, and sold in India and APAC in August 2021 thanks to a partnership between Fingerprint Cards AB and Seshaasai.

Aware and intercede teamed up in May 2021 to offer services to big businesses, government organizations, and law enforcement. Astra, AwareXM, and PreFace from Aware were integrated into the MyID Credential Management System by Intercede.

Contactless Biometrics Market Report Scope
Report Attributes Details
Market Size in 2022  US$ 20.01 Bn
Market Size by 2030  US$ 60.78 Bn
CAGR   CAGR of 14.9 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Offering (Multimodal Biometrics Solution, Software, Hardware, Services)
• By Services (Professional Services, Managed Services)
• By Application (Access Control, Onboarding & KYC, Criminal Identification & Forensics, Other Applications)
• By Software (Contactless Fingerprint Recognition, Face Recognition, Iris Recognition, Palm Vein Recognition, Voice Recognition, Contactless Biometric Cards)
• By Verticals (BFSI, Government & Law Enforcement, Healthcare, Retail & eCommerce, Travel & Tourism, Other Verticals)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles HID Global, Touchless Biometric Systems, Fingerprint Cards AB, M2SYS Technology, Fujitsu, IDEMIA, NEC Corporation, Aware, nVIAsoft, Thales, Neurotechnology, Veridium, BioConnect, DERMALOG Identification Systems, Cognitec Systems, SecuGen, Shufti Pro, NVISO, Noldus, Innovatrics, Blue Biometrics, Fidentity, Daon
Key Drivers • Rising demand for identity verification, payments, and transactions, and access control solutions.
• After the Pandemic, contactless biometric technology has become more prevalent.
Market Restraints • The high cost associated with deployment is a significant concern that needs to be addressed. 

 

Frequently Asked Questions

The market is expected to grow to USD 60.78 billion by the forecast period of 2030.

The CAGR of the Contactless Biometrics Market for the forecast period 2022-2030 is 14.9%.

Yes, you can buy reports in bulk quantity as per your requirements. Check Here for more details.

The major players are HID Global, Touchless Biometric Systems, Fingerprint Cards AB, M2SYS Technology, Fujitsu, IDEMIA, NEC Corporation, Aware, nVIAsoft, Thales, Neurotechnology, Cognitec Systems, SecuGen, Shufti Pro, NVISO, Noldus, Innovatrics, Blue Biometrics, Fidentity, Daon, and others in final report.

  • Face recognition systems are used more frequently as smartphones and tablets become more widely available.
  • Increasing demand for Contactless Biometrics from various industries that creates opportunities for the market.

Table of Contents
1. Introduction

1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Contactless Biometrics Market Segmentation, By Offering
8.1 Multimodal Biometrics Solution
8.2 Software
8.3 Hardware
8.4 Services

9. Contactless Biometrics Market Segmentation, By Services
9.1 Professional Services
9.2 Managed Services

10. Contactless Biometrics Market Segmentation, By Application
10.1 Access Control
10.2 Onboarding & KYC
10.3 Criminal Identification & Forensics
10.4 Other Applications

11. Contactless Biometrics Market Segmentation, By Software
11.1 Contactless Fingerprint Recognition
11.2 Face Recognition
11.3 Iris Recognition
11.4 Palm Vein Recognition
11.5 Voice Recognition
11.6 Contactless Biometric Cards

12. Contactless Biometrics Market Segmentation, By Verticals
12.1 BFSI
12.2 Government & Law Enforcement
12.3 Healthcare
12.4 Retail & eCommerce
12.5 Travel & Tourism
12.6 Other Verticals

13 Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Contactless Biometrics Market By Country
13.2.2 North America Contactless Biometrics Market By Offering
13.2.3 North America Contactless Biometrics Market By Services
13.2.4 North America Contactless Biometrics Market By Application
13.2.5 North America Contactless Biometrics Market By Software
13.2.6 North America Contactless Biometrics Market By Verticals
13.2.7 USA
13.2.7.1 USA Contactless Biometrics Market By Offering
13.2.7.2 USA Contactless Biometrics Market By Services
13.2.7.3 USA Contactless Biometrics Market By Application
13.2.7.4 USA Contactless Biometrics Market By Software
13.2.7.5 USA Contactless Biometrics Market By Verticals
13.2.8 Canada
13.2.8.1 Canada Contactless Biometrics Market By Offering
13.2.8.2 Canada Contactless Biometrics Market By Services
13.2.8.3 Canada Contactless Biometrics Market By Application
13.2.8.4 Canada Contactless Biometrics Market By Software
13.2.8.5 Canada Contactless Biometrics Market By Verticals
13.2.9 Mexico
13.2.9.1 Mexico Contactless Biometrics Market By Offering
13.2.9.2 Mexico Contactless Biometrics Market By Services
13.2.9.3 Mexico Contactless Biometrics Market By Application
13.2.9.4 Mexico Contactless Biometrics Market By Software
13.2.9.5 Mexico Contactless Biometrics Market By Verticals
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Contactless Biometrics Market By Country
13.3.1.2 Eastern Europe Contactless Biometrics Market By Offering
13.3.1.3 Eastern Europe Contactless Biometrics Market By Services
13.3.1.4 Eastern Europe Contactless Biometrics Market By Application
13.3.1.5 Eastern Europe Contactless Biometrics Market By Software
13.3.1.6 Eastern Europe Contactless Biometrics Market By Verticals
13.3.1.7 Poland
13.3.1.7.1 Poland Contactless Biometrics Market By Offering
13.3.1.7.2 Poland Contactless Biometrics Market By Services
13.3.1.7.3 Poland Contactless Biometrics Market By Application
13.3.1.7.4 Poland Contactless Biometrics Market By Software
13.3.1.7.5 Poland Contactless Biometrics Market By Verticals
13.3.1.8 Romania
13.3.1.8.1 Romania Contactless Biometrics Market By Offering
13.3.1.8.2 Romania Contactless Biometrics Market By Services
13.3.1.8.3 Romania Contactless Biometrics Market By Application
13.3.1.8.4 Romania Contactless Biometrics Market By Software
13.3.1.8.5 Romania Contactless Biometrics Market By Verticals
13.3.1.9 Hungary
13.3.1.9.1 Hungary Contactless Biometrics Market By Offering
13.3.1.9.2 Hungary Contactless Biometrics Market By Services
13.3.1.9.3 Hungary Contactless Biometrics Market By Application
13.3.1.9.4 Hungary Contactless Biometrics Market By Software
13.3.1.9.5 Hungary Contactless Biometrics Market By Verticals
13.3.1.10 Turkey
13.3.1.10.1 Turkey Contactless Biometrics Market By Offering
13.3.1.10.2 Turkey Contactless Biometrics Market By Services
13.3.1.10.3 Turkey Contactless Biometrics Market By Application
13.3.1.10.4 Turkey Contactless Biometrics Market By Software
13.3.1.10.5 Turkey Contactless Biometrics Market By Verticals
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Contactless Biometrics Market By Offering
13.3.1.11.2 Rest of Eastern Europe Contactless Biometrics Market By Services
13.3.1.11.3 Rest of Eastern Europe Contactless Biometrics Market By Application
13.3.1.11.4 Rest of Eastern Europe Contactless Biometrics Market By Software
13.3.1.11.5 Rest of Eastern Europe Contactless Biometrics Market By Verticals
13.3.2 Western Europe
13.3.2.1 Western Europe Contactless Biometrics Market By Country
13.3.2.2 Western Europe Contactless Biometrics Market By Offering
13.3.2.3 Western Europe Contactless Biometrics Market By Services
13.3.2.4 Western Europe Contactless Biometrics Market By Application
13.3.2.5 Western Europe Contactless Biometrics Market By Software
13.3.2.6 Western Europe Contactless Biometrics Market By Verticals
13.3.2.7 Germany
13.3.2.7.1 Germany Contactless Biometrics Market By Offering
13.3.2.7.2 Germany Contactless Biometrics Market By Services
13.3.2.7.3 Germany Contactless Biometrics Market By Application
13.3.2.7.4 Germany Contactless Biometrics Market By Software
13.3.2.7.5 Germany Contactless Biometrics Market By Verticals
13.3.2.8 France
13.3.2.8.1 France Contactless Biometrics Market By Offering
13.3.2.8.2 France Contactless Biometrics Market By Services
13.3.2.8.3 France Contactless Biometrics Market By Application
13.3.2.8.4 France Contactless Biometrics Market By Software
13.3.2.8.5 France Contactless Biometrics Market By Verticals
13.3.2.9 UK
13.3.2.9.1 UK Contactless Biometrics Market By Offering
13.3.2.9.2 UK Contactless Biometrics Market By Services
13.3.2.9.3 UK Contactless Biometrics Market By Application
13.3.2.9.4 UK Contactless Biometrics Market By Software
13.3.2.9.5 UK Contactless Biometrics Market By Verticals
13.3.2.10 Italy
13.3.2.10.1 Italy Contactless Biometrics Market By Offering
13.3.2.10.2 Italy Contactless Biometrics Market By Services
13.3.2.10.3 Italy Contactless Biometrics Market By Application
13.3.2.10.4 Italy Contactless Biometrics Market By Software
13.3.2.10.5 Italy Contactless Biometrics Market By Verticals
13.3.2.11 Spain
13.3.2.11.1 Spain Contactless Biometrics Market By Offering
13.3.2.11.2 Spain Contactless Biometrics Market By Services
13.3.2.11.3 Spain Contactless Biometrics Market By Application
13.3.2.11.4 Spain Contactless Biometrics Market By Software
13.3.2.11.5 Spain Contactless Biometrics Market By Verticals
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Contactless Biometrics Market By Offering
13.3.2.12.2 Netherlands Contactless Biometrics Market By Services
13.3.2.12.3 Netherlands Contactless Biometrics Market By Application
13.3.2.12.4 Netherlands Contactless Biometrics Market By Software
13.3.2.12.5 Netherlands Contactless Biometrics Market By Verticals
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Contactless Biometrics Market By Offering
13.3.2.13.2 Switzerland Contactless Biometrics Market By Services
13.3.2.13.3 Switzerland Contactless Biometrics Market By Application
13.3.2.13.4 Switzerland Contactless Biometrics Market By Software
13.3.2.13.5 Switzerland Contactless Biometrics Market By Verticals
13.3.2.14 Austria
13.3.2.14.1 Austria Contactless Biometrics Market By Offering
13.3.2.14.2 Austria Contactless Biometrics Market By Services
13.3.2.14.3 Austria Contactless Biometrics Market By Application
13.3.2.14.4 Austria Contactless Biometrics Market By Software
13.3.2.14.5 Austria Contactless Biometrics Market By Verticals
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Contactless Biometrics Market By Offering
13.3.2.15.2 Rest of Western Europe Contactless Biometrics Market By Services
13.3.2.15.3 Rest of Western Europe Contactless Biometrics Market By Application
13.3.2.15.4 Rest of Western Europe Contactless Biometrics Market By Software
13.3.2.15.5 Rest of Western Europe Contactless Biometrics Market By Verticals
13.4 Asia-Pacific
13.4.1 Asia Pacific Contactless Biometrics Market By Country
13.4.2 Asia Pacific Contactless Biometrics Market By Offering
13.4.3 Asia Pacific Contactless Biometrics Market By Services
13.4.4 Asia Pacific Contactless Biometrics Market By Application
13.4.5 Asia Pacific Contactless Biometrics Market By Software
13.4.6 Asia Pacific Contactless Biometrics Market By Verticals
13.4.7 China
13.4.7.1 China Contactless Biometrics Market By Offering
13.4.7.2 China Contactless Biometrics Market By Services
13.4.7.3 China Contactless Biometrics Market By Application
13.4.7.4 China Contactless Biometrics Market By Software
13.4.7.5 China Contactless Biometrics Market By Verticals
13.4.8 India
13.4.8.1 India Contactless Biometrics Market By Offering
13.4.8.2 India Contactless Biometrics Market By Services
13.4.8.3 India Contactless Biometrics Market By Application
13.4.8.4 India Contactless Biometrics Market By Software
13.4.8.5 India Contactless Biometrics Market By Verticals
13.4.9 Japan
13.4.9.1 Japan Contactless Biometrics Market By Offering
13.4.9.2 Japan Contactless Biometrics Market By Services
13.4.9.3 Japan Contactless Biometrics Market By Application
13.4.9.4 Japan Contactless Biometrics Market By Software
13.4.9.5 Japan Contactless Biometrics Market By Verticals
13.4.10 South Korea
13.4.10.1 South Korea Contactless Biometrics Market By Offering
13.4.10.2 South Korea Contactless Biometrics Market By Services
13.4.10.3 South Korea Contactless Biometrics Market By Application
13.4.10.4 South Korea Contactless Biometrics Market By Software
13.4.10.5 South Korea Contactless Biometrics Market By Verticals
13.4.11 Vietnam
13.4.11.1 Vietnam Contactless Biometrics Market By Offering
13.4.11.2 Vietnam Contactless Biometrics Market By Services
13.4.11.3 Vietnam Contactless Biometrics Market By Application
13.4.11.4 Vietnam Contactless Biometrics Market By Software
13.4.11.5 Vietnam Contactless Biometrics Market By Verticals
13.4.12 Singapore
13.4.12.1 Singapore Contactless Biometrics Market By Offering
13.4.12.2 Singapore Contactless Biometrics Market By Services
13.4.12.3 Singapore Contactless Biometrics Market By Application
13.4.12.4 Singapore Contactless Biometrics Market By Software
13.4.12.5 Singapore Contactless Biometrics Market By Verticals
13.4.13 Australia
13.4.13.1 Australia Contactless Biometrics Market By Offering
13.4.13.2 Australia Contactless Biometrics Market By Services
13.4.13.3 Australia Contactless Biometrics Market By Application
13.4.13.4 Australia Contactless Biometrics Market By Software
13.4.13.5 Australia Contactless Biometrics Market By Verticals
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Contactless Biometrics Market By Offering
13.4.14.2 APAC Contactless Biometrics Market By Services
13.4.14.3 APAC Contactless Biometrics Market By Application
13.4.14.4 APAC Contactless Biometrics Market By Software
13.4.14.5 APAC Contactless Biometrics Market By Verticals
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Contactless Biometrics Market By country
13.5.1.2 Middle East Contactless Biometrics Market By Offering
13.5.1.3 Middle East Contactless Biometrics Market By Services
13.5.1.4 Middle East Contactless Biometrics Market By Application
13.5.1.5 Middle East Contactless Biometrics Market By Software
13.5.1.6 Middle East Contactless Biometrics Market By Verticals
13.5.1.7 UAE
13.5.1.7.1 UAE Contactless Biometrics Market By Offering
13.5.1.7.2 UAE Contactless Biometrics Market By Services
13.5.1.7.3 UAE Contactless Biometrics Market By Application
13.5.1.7.4 UAE Contactless Biometrics Market By Software
13.5.1.7.5 UAE Contactless Biometrics Market By Verticals
13.5.1.8 Egypt
13.5.1.8.1 Egypt Contactless Biometrics Market By Offering
13.5.1.8.2 Egypt Contactless Biometrics Market By Services
13.5.1.8.3 Egypt Contactless Biometrics Market By Application
13.5.1.8.4 Egypt Contactless Biometrics Market By Software
13.5.1.8.5 Egypt Contactless Biometrics Market By Verticals
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Contactless Biometrics Market By Offering
13.5.1.9.2 Saudi Arabia Contactless Biometrics Market By Services
13.5.1.9.3 Saudi Arabia Contactless Biometrics Market By Application
13.5.1.9.4 Saudi Arabia Contactless Biometrics Market By Software
13.5.1.9.5 Saudi Arabia Contactless Biometrics Market By Verticals
13.5.1.10 Qatar
13.5.1.10.1 Qatar Contactless Biometrics Market By Offering
13.5.1.10.2 Qatar Contactless Biometrics Market By Services
13.5.1.10.3 Qatar Contactless Biometrics Market By Application
13.5.1.10.4 Qatar Contactless Biometrics Market By Software
13.5.1.10.5 Qatar Contactless Biometrics Market By Verticals
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Contactless Biometrics Market By Offering
13.5.1.11.2 Rest of Middle East Contactless Biometrics Market By Services
13.5.1.11.3 Rest of Middle East Contactless Biometrics Market By Application
13.5.1.11.4 Rest of Middle East Contactless Biometrics Market By Software
13.5.1.11.5 Rest of Middle East Contactless Biometrics Market By Verticals
13.5.2 Africa
13.5.2.1 Africa Contactless Biometrics Market By Country
13.5.2.2 Africa Contactless Biometrics Market By Offering
13.5.2.3 Africa Contactless Biometrics Market By Services
13.5.2.4 Africa Contactless Biometrics Market By Application
13.5.2.5 Africa Contactless Biometrics Market By Software
13.5.2.6 Africa Contactless Biometrics Market By Verticals
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Contactless Biometrics Market By Offering
13.5.2.7.2 Nigeria Contactless Biometrics Market By Services
13.5.2.7.3 Nigeria Contactless Biometrics Market By Application
13.5.2.7.4 Nigeria Contactless Biometrics Market By Software
13.5.2.7.5 Nigeria Contactless Biometrics Market By Verticals
13.5.2.8 South Africa
13.5.2.8.1 South Africa Contactless Biometrics Market By Offering
13.5.2.8.2 South Africa Contactless Biometrics Market By Services
13.5.2.8.3 South Africa Contactless Biometrics Market By Application
13.5.2.8.4 South Africa Contactless Biometrics Market By Software
13.5.2.8.5 South Africa Contactless Biometrics Market By Verticals
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Contactless Biometrics Market By Offering
13.5.2.9.2 Rest of Africa Contactless Biometrics Market By Services
13.5.2.9.3 Rest of Africa Contactless Biometrics Market By Application
13.5.2.9.4 Rest of Africa Contactless Biometrics Market By Software
13.5.2.9.5 Rest of Africa Contactless Biometrics Market By Verticals
13.6 Latin America
13.6.1 Latin America Contactless Biometrics Market By Country
13.6.2 Latin America Contactless Biometrics Market By Offering
13.6.3 Latin America Contactless Biometrics Market By Services
13.6.4 Latin America Contactless Biometrics Market By Application
13.6.5 Latin America Contactless Biometrics Market By Software
13.6.6 Latin America Contactless Biometrics Market By Verticals
13.6.7 Brazil
13.6.7.1 Brazil Contactless Biometrics Market By Offering
13.6.7.2 Brazil Contactless Biometrics Market By Services
13.6.7.3 Brazil Contactless Biometrics Market By Application
13.6.7.4 Brazil Contactless Biometrics Market By Software
13.6.7.5 Brazil Contactless Biometrics Market By Verticals
13.6.8 Argentina
13.6.8.1 Argentina Contactless Biometrics Market By Offering
13.6.8.2 Argentina Contactless Biometrics Market By Services
13.6.8.3 Argentina Contactless Biometrics Market By Application
13.6.8.4 Argentina Contactless Biometrics Market By Software
13.6.8.5 Argentina Contactless Biometrics Market By Verticals
13.6.9 Colombia
13.6.9.1 Colombia Contactless Biometrics Market By Offering
13.6.9.2 Colombia Contactless Biometrics Market By Services
13.6.9.3 Colombia Contactless Biometrics Market By Application
13.6.9.4 Colombia Contactless Biometrics Market By Software
13.6.9.5 Colombia Contactless Biometrics Market By Verticals
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Contactless Biometrics Market By Offering
13.6.10.2 Rest of Latin America Contactless Biometrics Market By Services
13.6.10.3 Rest of Latin America Contactless Biometrics Market By Application
13.6.10.4 Rest of Latin America Contactless Biometrics Market By Software
13.6.10.5 Rest of Latin America Contactless Biometrics Market By Verticals

14 Company Profile
14.1 HID Global
14.1.1 Company Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Touchless Biometric Systems.
14.2.1 Company Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Fingerprint Cards AB.
14.3.1 Company Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 M2SYS Technology.
14.4.1 Company Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Fujitsu
14.5.1 Company Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 IDEMIA.
14.6.1 Company Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 NEC Corporation
14.7.1 Company Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Thales.
14.8.1 Company Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 BioConnect.
14.9.1 Company Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Blue Biometrics.
14.10.1 Company Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View

15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions

16. USE Cases and Best Practices

17. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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