Introduction

Did you know the Contactless Biometrics Market, valued at USD 19.12 billion in 2023, is projected to reach USD 70.48 billion by 2032 at a strong CAGR of 15.7%? Rising cyber threats, identity theft, and demand for hygienic, touch-free solutions are fuelling this growth. From airports to banking, facial, iris, and voice recognition are transforming how people prove their identity.

With AI and machine learning making these systems smarter every day, do you think traditional PINs and passwords will soon become obsolete?

Key Players

Who’s leading this digital security revolution? Giants like NEC Corporation, HID Global, IDEMIA, Thales, and Fujitsu are investing heavily in next-gen solutions like facial recognition and iris scanning. Innovators such as Aware, BioConnect, Innovatrics, and Shufti Pro are gaining ground with AI-powered identity verification tools for online transactions and healthcare. Even consumer tech leaders like Apple are pushing adoption by embedding facial recognition into everyday devices.

If you had to choose, would you prefer biometric authentication in your phone, your bank card, or both?

Segmentation

Where is demand the strongest? In 2023, Facial Recognition led the market with a 42% share, thanks to its speed and convenience, while Iris Recognition is the fastest-growing technology with a projected 18.21% CAGR due to unmatched accuracy. By application, Access Control held the top spot with 45% share, driven by demand in offices, airports, and government facilities. Meanwhile, Identity Verification is expanding fastest as businesses fight fraud in online payments and digital services.

Do you think consumers will embrace iris scans as readily as facial recognition in the coming years?

About Us

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