Governments around the world have stepped up measures to adopt contactless biometric technologies to respond quickly to the crisis of COVID-19. This is anticipated to boost the demand for contactless biometrics technologies among government agencies for public safety surveillance.
The trend suggests the global contactless biometric market will grow to $US18.6 billion by 2026 at a CAGR of nearly 20 per cent, according to the MarketandMarkets Global Contactless Biometrics Technology Market 2020–2026.
Based on the Analysis presented in the Cardinal matrix, NEC Corporation, Assa Abloy AB, Thales Group S.A., and Fujitsu Limited are the forerunners in the contactless biometrics technology market. Companies such as Fingerprint Cards AB, Aware, Inc., and IDEMIA SAS are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, Thales Group S.A. (Gemalto NV), Assa Abloy AB, NEC Corporation, Aware, Inc., Fingerprint Cards AB, IDEMIA SAS (Advent International, Inc.), Touchless Biometric Systems AG, M2SYS Technology, Inc., and nVIAsoft Corporation.
Partnerships, Collaborations, and Agreements
Apr-2020: Fingerprint Cards AB collaborated with Digi-Key Electronics, the global on-line distributor. This collaboration strengthened Fingerprints’ position and helped the company scale into new markets and application areas within IoT and access globally. Digi-Key helped the former company to reach out and find new potential markets and application areas.
Apr-2020: Fingerprint Cards AB signed a global licensing agreement with FEITIAN, a leading provider of online user authentication and payment transaction security of China. The agreement was signed for Fingerprints software platforms for payments and access, FPC-BEP, together with a volume agreement for FPC touch sensors. The agreement was focused on both biometric cards and access devices such as physical access cards, and FIDO devices for logical access.
Apr-2020: HID Global announced its collaboration with Fidesmo, a provisioning company that makes it possible to connect contactless services to wearables. Fidesmo integrated HID’s next-generation Seos credential technology into secure element chips that are used in a wide variety of wearables. In collaboration with Fidesmo, the former company aimed to bring more use cases to wearables delivers on the promise of Seos credential technology to provide users the freedom to use their preferred device, whether it’s a phone, card, or wearable, to easily navigate their daily life.
Acquisitions and Mergers
Apr-2020: Fujitsu Frontech acquired Fulcrum Biometrics, the Texas-based biometric hardware, software, and solutions provider. The companies aimed to develop the industry’s premier provider of biometric authentication and access management solutions.
Feb-2020: Assa Abloy completed the acquisition of Biosite, the biometric access solution developer. The acquisition reinforced its offerings within solutions for access control and helped the company in expanding its business.
Product Launches and Product Expansions
May-2020: Aware, Inc. launched the Knomi version 2.6, a market-leading mobile biometric software product. This new version is expected to equip Aware customers with robust passive facial liveness and authentication integrated with an additional voice biometric capability- speaker recognition for providing secure, cost-effective, and convenient access to applications and networks.
May-2020: Fingerprint Cards AB announced the launch of the new FPC1025 sensor. Through this launch, the company has extended its touch sensor portfolio. This sensor aims to provide the highest biometric performance with the lowest power consumption and is expected to enable a variety of form factors. FPC1025 can be used by devices and applications where secure, streamlined user-authentication is required.
May-2020: NEC launched NeoFace Thermal Express to provide touchless screening. The NeoFace Thermal combined elevated body temperature (EBT) detection, detection of personal protective equipment, such as face masks, and NeoFace biometrics on a scalable and modular platform with video and thermal analytics. NeoFace Thermal Express runs on NEC’s cloud-based Digital Services Platform, which provides sensor management, algorithm orchestration, scalability, and interoperability.
Jan-2020: Fingerprint Cards AB extended its fingerprint authentication touch sensor portfolio for physical and logical access devices and applications. The company launched FPC1020 and FPC1024, featuring high biometric performance and a small physical footprint. These sensors are water-resistant and can be used by devices and applications that assure a secure and smooth way for authenticating the users. The sensors have low power consumption and come with unique features for excellent everyday user experience.
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