Unlocking Business Potential with Contactless Biometric Solutions
Webersnits12 Sep, 2024News
According to a Market analysis ?Contactless Biometrics Market with COVID-19 Impact Analysis by Offering (Multimodal Biometrics Solution, Hardware, Software, Services), Software (Face Recognition, Iris Recognition), Application, Vertical and Region ? Global Forecast to 2027? the contactless biometrics market is expected to rise at a Compound Annual Growth Rate (CAGR) of 15.1% over the forecast period, from USD 19.7 billion in 2022 to USD 39.8 billion by 2027, according to a report released by MarketsandMarkets. The adoption of smartphones and tablets, government initiatives supporting the use of contactless biometrics solutions, growing security and hygiene concerns among users due to touch-based biometrics, and increased use of contactless biometrics technology following the pandemic are the main driving factors contributing to the high growth rate of the contactless biometrics market.
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