New York, Dec. 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Contactless Biometrics Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker.com/p06370340/?utm_source=GNW
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The global contactless biometric market is expected to grow from $14.61 billion in 2021 to $17.27 billion in 2022 at a compound annual growth rate (CAGR) of 18.20%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The contactless biometric market is expected to reach $34.06 billion in 2026 at a compound annual growth rate (CAGR) of 18.51%.
The contactless biometric market consists of sales of contactless biometric products by entities (organizations, sole traders, and partnerships) that are used for identification and authentication or to identify people under surveillance.The use of contactless biometric verification permits user authorization without requiring a person to touch any machine sensors.
In addition, behavioral security technologies and multi-factor authentication utilizing non-contact biometrics are much more secure than the procedures are accustomed to.
The main components of contactless biometrics are hardware, software, and…
