FMI Provides Contactless Biometrics Technology Market Projections in its Revised Report, COVID-19 Pandemic Shaping Global Demand - PowerPoint PPT Presentation

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FMI Provides Contactless Biometrics Technology Market Projections in its Revised Report, COVID-19 Pandemic Shaping Global Demand

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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. – PowerPoint PPT presentation

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Title: FMI Provides Contactless Biometrics Technology Market Projections in its Revised Report, COVID-19 Pandemic Shaping Global Demand


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 Category Electronics,
Semiconductors, and ICT
2
AboutFuture 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

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_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
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.
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.

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.

7
Contactless Biometrics Technology Market Analysis
Request for covid19 Impact Analysis
https//www.futuremarketinsights.com/covid19/rep-g
b-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).
8
Contactless Biometrics Technology Market Analysis
  • Source Link https//www.accesswire.com/588238/Gau
    ging-the-COVID-19-Impact-Contactless-Biometrics-Te
    chnology-Penetrates-Security-Infrastructure-Faster
    -as-the-World-Goes-Touchless-Future-Market-Insight
    s
  • Explore Extensive Coverage of FMI's Electronics,
    Semiconductors, and ICT Landscape
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  • 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.

9
Contactless Biometrics Technology Market Analysis
Contact Us Mr. Abhishek Budholiya Unit No
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For more insights on the Contactless Biometrics
Technology Market,you can request a report
sample with full TOC
10
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or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contactHari. 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_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
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