{"id":560520,"date":"2021-08-31T13:50:02","date_gmt":"2021-08-31T13:50:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=560520"},"modified":"2021-08-31T13:50:02","modified_gmt":"2021-08-31T13:50:02","slug":"contactless-biometrics-market-size-projected-to-reach-usd-2883-billion-at-cagr-of-199-by-2027","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/contactless-biometrics-market-size-projected-to-reach-usd-2883-billion-at-cagr-of-199-by-2027_560520.html","title":{"rendered":"Contactless Biometrics Market Size Projected To Reach USD 28.83 Billion at CAGR of 19.9%, by 2027"},"content":{"rendered":"
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Contactless Biometrics Market <\/div>\n<\/div>\n<\/div>\n
Contactless Biometrics Market Size \u2013 USD 6.71 Billion in 2019, Market Growth – CAGR of 19.9%, Market Trends \u2013Advancement in technology.<\/div>\n

High adoption of contactless biometrics in the healthcare sector globally is a key factor projected to drive market growth.<\/p>\n

<\/strong>The global Contactless Biometrics Market<\/a> is expected to reach a market size of USD 28.83 Billion in 2027 and register a robust CAGR over the forecast period due, according to the latest report by Reports and Data. Some key factors driving revenue growth of the global contactless biometrics market include rapid technological advancements and increasing adoption of contactless biometrics in the global healthcare sector.<\/p>\n

Growth in digital banking globally is also propelling deployment of voice and facial recognition systems in the banking and financial industry. Contactless biometrics enable a convenient, user-friendly approach of verifying customers to deliver superior and consistent experience and to secure their online platforms. Increase in demand for smartphones and tablets with facial recognition software for additional security of devices is also contributing to growth of the market.<\/p>\n

Another key factor driving demand for contactless biometric systems is growing adoption of cloud-based services such as machine learning (ML) and Artificial Intelligence (AI) to strengthen the compatibility of smart devices for varying applications. However, high cost of contactless biometrics solutions is a key factor expected to limit adoption and deployment, especially in emerging economies.<\/p>\n

The COVID-19 impact:<\/strong><\/p>\n

The market for contactless payment witnessed increased demand during the COVID-19 pandemic. The pandemic has affected different sectors and resulted in remote working for staff and personnel in most organizations and facilities. Players in the market are developing more advanced facial recognition software and solutions to secure their online platforms, and this is expected to contribute to growth of the contactless payment market.   <\/p>\n

Key participants include Fujitsu Limited, NEC Corporation, Fingerprint Cards AB, Aware Inc., nViaSoft, HID Global, Gemalto N.V., M2SYS Technology, IDEMIA, and Touchless Biometric Systems AG.<\/strong><\/p>\n

Get a sample of the report @ <\/strong>https:\/\/www.reportsanddata.com\/sample-enquiry-form\/3763<\/a><\/p>\n

Further key findings in the report<\/strong><\/p>\n