Global Contactless Biometrics Technology Market Report 2020: Market is Expected to Reach $22.44 Billion by 2026, Growing at a CAGR of 18.3% from 2019 to 2026 | News
DUBLIN, Jan. 19, 2021 /PRNewswire/ — The “Global Contactless Biometrics Technology Market Analysis 2020” report has been added to ResearchAndMarkets.com‘s offering.
The Global Contactless Biometrics Technology market is expected to reach $22.44 billion by 2026 growing at a CAGR of 18.3% from 2019 to 2026.
Biometrics can be defined is the technique used to recognize and record a person’s unique traits by an electrical device. Contactless biometric technology offers the use of touchless authentication technology, which provides a safer mode based on hygiene and convenience.
Factors such as rising demand for the high level of security, increasing focus on hygiene, and technological advancements are driving the growth of the market. However, the possibility of data theft is restraining the growth of the market.
Based on the application, the iris segment is going to have a lucrative growth during the forecast period as an iris-based system is accurate, fast,