The global biometric system
market is anticipated to grow at a significant CAGR from 2019 during the
forecasted timeframe. The outbreak of the ongoing pandemic has impacted the
global businesses and also have a possibility of long-term impact & some of
the short-term consequences. Biometrics have been highly utilized technology
for early detection & screening, patient screening, and safety of the
populace for the containment of the spread of the pandemic.
High adoption & demand of the
biometric system for various applications and purposes have driven the market
growth of the biometric system market. High rise in the application of
biometrics in consumer electronics for access control of various applications
as well as a high adoption rate amongst government initiatives have supported
the market growth. The prevalence of the high penetration rate of biometric
technology within automotive and enterprise applications is driving the market
growth currently as well as in the future. Amid the ongoing COVID-19 pandemic,
Contact Biometrics can increase the possibility of transmission of the harmful
microbial pathogens and viruses as well as inoculation of pathogens into the
respiratory tract. This can lead to the likely spread of infectious diseases
such as COVID-19.
Earlier key markets such as
surveillance & security, healthcare, biotechnologies, and life sciences
have shifted their focus towards more prevailing trends and opportunities such
as a biometric system for infectious disease control and prevention protocols
and also to detect the individuals with no mask. For example, the up-gradation
of face recognition & surveillance operations with screening technologies
and Artificial Intelligence algorithms for facial recognition and screening
purposes, as the prevalence of wearing masks during the pandemic can pose a
genuine security threat in a wake of recent terrorist attacks across the globe.
According to opinion makers
within the Biometrics Industry, contactless biometric systems (such as Facial
Recognition, Iris Recognition, and voice recognition) are gaining momentum as
compared to contact biometrics, as contact-based biometrics can spread the
infection of COVID-19. For a number of law enforcement agencies and national
government have removed contact-based biometrics and replaced with contactless
biometrics in a wake of the outbreak of COVID-19 pandemic. High demand for the
utilization of artificial intelligence and machine learning has led to
developing state-of-art contactless biometrics, along with alternative
technologies for detection of healthcare-related issues such as fever as well
as the detection of patterns related to psychological states and behavioural
patterns.
Irrespective of the prevalence of
contactless biometric systems, fingerprint recognition has the largest share
within the Global Biometrics Market due to user-friendly installation process
and cost-effectiveness and also because of high demand for utilization for
e-visas, driving licenses, and e-passports. Also, fingerprint recognition has
high utilization in healthcare, banking & finance. Software offerings have
occupied the largest amongst market share in its segment due to its assurance
of compatibility and interoperability of the biometric devices.