Contactless Biometrics Technology Market Projected to Grow at a Steady Pace During 2022-2027

 Stratview Research delivers key insights on the global Contactless Biometrics Technology Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.

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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.

Key Players

The following are some of the key players in the Contactless Biometrics Technology Market:

• Touchless Biometric Systems AG

• Fingerprint Cards AB

• Fujitsu Limited

• NEC Corporation

• nViaSoft

• IDEMIA

• Thales Group

• Aware Inc.

• HID Global Corporation

• M2SYS Technology.

Growth drivers and Market Value:

This report, from Stratview Research, Contactless Biometrics Technology market value and growth drivers over the trend period of 2022-27. According to the report -

Contactless Biometrics Technology market is expected to witness a healthy CAGR of 18.4% over the next five years. Rising demand for high level of security in the commercial, public, private sector companies coupled with growing safety concerns towards health and hygiene amid the outbreak of COVID-19 is likely to create healthy growth opportunities in the near future.

Segment Analysis:

Based on by Component Type:

Based on the component type, the market is segmented as hardware, software, and services. The software segment is expected to remain dominant in the market during the forecast period, propelled by growing adoption of artificial intelligence and machine learning to enhance their operations in various applications.

Based on Regional:

In terms of region, North America is likely to maintain its supremacy in the market during the forecast period, mainly driven by high demand for advanced technologies in the USA and Canada. Robust supply chain across the region with presence of large number of contactless biometrics technology providers as well as large consumer base is the key growth propeller of the market.

 

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https://www.stratviewresearch.com/1254/contactless-biometrics-technology-market.html

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-        What is the global demand for Contactless Biometrics Technology Market in terms of revenue?

-        Which are the prominent players in the market?

-        At what CAGR is the market projected to grow within the forecast period?

-        What are the driving factors fuelling the growth of the market?

-        Which region accounted for the largest share in the market?

-        How did the Covid19 impacted the market?

-        How long will it take to recover from the Covid impact?

Why Stratview Research?

-        Exhaustive qualitative and quantitative data

-        Uninterrupted post-sales support

-        Appropriate market trend and forecast analysis.

-        All-inclusive report

-        Decent price-performance ratio

-        Reliable data

-        Attractive market segments and associated growth opportunities.

-        Customised report services

About Us –

Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.

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