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Contactless biometric technology is the method of finding different faces on large scale. This technology is used to collect data of an individual by face detection, recognition or on a cloud platform. It is highly precise as well as reliable system for personal biometric identification and utilize for registration, management of personnel and time attendance. With its touch less authentication technology, Contactless biometric technology t offers safe mode regarding hygiene and suitability. With the covid-19 outbreak, the concern regarding hygiene is increased and therefore, preference of such contact less biometrics is expected to witness surge in IT sector, government offices, etc. In addition, increasing implementation of this technology in financial institution for safeguarding transactions globally is anticipated to drive the market.
The contactless biometric technology is segmented into software and hardware services. The software segment is accounted to hold the highest share during the forecast period owing to the rising implementation of cloud-based services, artificial intelligence, and machine learning for contactless biometrics solutions. Moreover, depending on technology, the market is classified as face, voice, contactless fingerprint technology, iris, and others. Contactless fingerprint technology segment is expected to dominate the market owing to the extensive use of this technology in various end-use industries. Contactless biometric technology is used in various industries such as government, BFSI, healthcare, IT and telecommunications, manufacturing, and others.
Some of the major key players operating in the market include Thales Group, TOUCHLESS BIOMETRIC SYSTEMS AG, Neurotechnology, VILMATE CORPORATION LTD, IriTech, Inc., Leidos, Inc., Aware, Inc., BioID GmbH, NEC Corporation, and DERMALOG Identification Systems GmbH. Major players operating in the market are engaging in several strategies as well as concentrating on developing more advanced technologies to stay ahead in fast-moving market.
Recent News and Development:
- In May, 2020: Aware Inc. launched Knomi version 2.6 combination of face and voice biometrics
- In April, 2020: Etihad airways announced a trial for contactless self-service at airport
- In Jul, 2019: NEC signed partnership agreement with Star Alliance, to develop a biometric data-based identification platform