LAMEA Contactless Biometrics Technology Market By Component (Software, Hardware and Services), By Application (Face, Voice, Fingerprint & Hand Geometry, Iris and Others), By End User (Government, Transport & Logistics, Defense & Security, Consumer Electronics, Healthcare & Life Sciences, Banking & Finance and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Latin America, Middle East and Africa Contactless Biometrics Technology Market would witness market growth of 22.9% CAGR during the forecast period (2020-2026). The increased penetration of smartphones and tablets, combined with a facial recognition software focus on manufacturers for smartphones, are expected to drive demand. In addition, contactless biometrics offers secure access to devices and payment authentication. Furthermore, the increasing adoption of contactless biometrics solutions for worldwide financial services is expected to promote market growth in financial institutions. The contactless technology in biometrics enables longer run times with less resources and cleaning, minimizing maintenance costs.
The demand for safer and more advanced airport identification solutions has increased for increasing the number of airline companies throughout the globe. In April 2020, for example, Eitihad Airways announced a test of Elenium Automation's non-contact self-service technology. The solutions estimate the essential signs of a passenger to allow contactless checkups at airport kiosks by means of the voice recognition. Furthermore, manufacturers are also working to develop their existing contactless biometric solutions through the application of temperature sensors to record body temperature and imaging.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Contactless Biometrics Technology Market in LAMEA is expected to register a CAGR of 22.9% 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.
Scope of the LAMEA Contactless Biometrics Technology Market Analysis
- Fingerprint & Hand Geometry
- Transport & Logistics
- Defense & Security
- Consumer Electronics
- Healthcare & Life Sciences
- Banking & Finance
- Saudi Arabia
- South Africa
- Rest of LAMEA
- 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.
- nVIAsoft Corporation
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