The Europe Contactless Biometrics Technology Market would witness market growth of 18.3% CAGR during the forecast period (2020-2026). Contactless biometric iris recognition systems address the rising demand for contactless identification at busy locations. The device is expected to be installed in hospital centers, airports and commercial facilities where large numbers of people are at high risk of viral infection. Iris Biometrics scans measure unique patterns in the colored circle of the eye to check and authenticate the identity.
Contactless, fast and well-known for its accuracy, biometric iris recognition can operate at long distances, with certain implementations that leverage the modality that needs only a glance from the user. The latest generation IRIS recognition technology has the capacity to scan IRIS impressions not only of human beings, but also of animals with the utmost accuracy. The Biometrics Revolution is encouraging multiple countries to build a unique and robust citizens' identification system, offering citizens a bouquet of benefits and enabling them to have smooth access to their rights.
Biometrics is taking center stage as a way of improving security by simply adding more forgotten PINs and passwords. Its use in mobile devices is increasingly extending beyond merely opening the device to secure the applications within it. From free banking applications and digital wallets, to m-commerce and in-app purchases, consumers quickly realize the biometric advantages of managing and securing their financial lives. The introduction of biometrics can also make it possible for stakeholders to foster greater consumer confidence and safeguard privacy concerns.
Based on Component, the market is segmented into Software, Hardware and Services. Based on Application, the market is segmented into Face, Voice, Fingerprint & Hand Geometry, Iris and Others. Based on End User, the market is segmented into Government, Transport & Logistics, Defense & Security, Consumer Electronics, Healthcare & Life Sciences, Banking & Finance and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Contactless Biometrics Technology Market in Europe is expected to register a CAGR of 18.3% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, Thales Group S.A. (Gemalto NV), Assa Abloy AB, NEC Corporation, Aware, Inc., Fingerprint Cards AB, IDEMIA SAS (Advent International, Inc.), Touchless Biometric Systems AG, M2SYS Technology, Inc., and nVIAsoft Corporation.
Market Segmentation:
By Component
By Application
By End-User
By Country
Companies Profiled
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