Product Code: ETC4386388 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Singapore Contactless Biometrics market is central to providing advanced biometric solutions that enable secure and convenient identity verification without physical contact. These solutions encompass technologies such as facial recognition and fingerprint scanning, ensuring user privacy and security in various applications, including access control and payments. In a world where contactless solutions are becoming the norm, the Contactless Biometrics market is pivotal for enhancing user experiences and security in a touchless society.
The contactless biometrics market in Singapore is growing due to the increasing demand for secure and convenient identity verification. Factors such as the COVID-19 pandemic have accelerated the adoption of contactless biometric solutions for access control, payments, and identity authentication. The market is also driven by the government`s focus on enhancing national security through biometric technologies.
The contactless biometrics market in Singapore faces challenges related to data privacy and security. Storing and processing biometric data securely and complying with Singapore data protection regulations is a top concern. Moreover, there is the challenge of ensuring the accuracy and reliability of contactless biometric systems, especially in diverse and dynamic environments. Building trust in these systems is also crucial, and providers must address concerns about data breaches and misuse of biometric information.
The COVID-19 pandemic accelerated the adoption of contactless biometrics in Singapore. With the increased emphasis on touchless interactions and remote access, contactless biometric solutions gained prominence. The pandemic underscored the health and safety benefits of contactless biometrics, as traditional biometric methods like fingerprint recognition posed hygiene concerns. The market saw a surge in demand for contactless biometric solutions based on facial recognition, iris scanning, and voice recognition. Additionally, the pandemic led to a focus on the integration of contactless biometrics with access control and identity verification solutions. The market witnessed a shift towards more convenient and secure contactless biometric technologies that could serve various industries and use cases.
The Singapore contactless biometrics market benefits from key players such as NEC Corporation, Idemia, and Aware, which offer advanced biometric authentication solutions. The pandemic accelerated the demand for contactless biometrics, enabling secure and convenient identity verification without physical contact. These companies provide innovative biometric technologies, including facial recognition and fingerprint scanning, for applications like access control, payments, and healthcare.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Contactless Biometrics Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Contactless Biometrics Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Contactless Biometrics Market - Industry Life Cycle |
3.4 Singapore Contactless Biometrics Market - Porter's Five Forces |
3.5 Singapore Contactless Biometrics Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Singapore Contactless Biometrics Market Revenues & Volume Share, By Software, 2021 & 2031F |
3.7 Singapore Contactless Biometrics Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Singapore Contactless Biometrics Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Singapore Contactless Biometrics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Contactless Biometrics Market Trends |
6 Singapore Contactless Biometrics Market, By Types |
6.1 Singapore Contactless Biometrics Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Singapore Contactless Biometrics Market Revenues & Volume, By Offering, 2021-2031F |
6.1.3 Singapore Contactless Biometrics Market Revenues & Volume, By Multimodal Biometrics Solution, 2021-2031F |
6.1.4 Singapore Contactless Biometrics Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.5 Singapore Contactless Biometrics Market Revenues & Volume, By Software, 2021-2031F |
6.1.6 Singapore Contactless Biometrics Market Revenues & Volume, By Services, 2021-2031F |
6.2 Singapore Contactless Biometrics Market, By Software |
6.2.1 Overview and Analysis |
6.2.2 Singapore Contactless Biometrics Market Revenues & Volume, By Face Recognition, 2021-2031F |
6.2.3 Singapore Contactless Biometrics Market Revenues & Volume, By Iris Recognition, 2021-2031F |
6.3 Singapore Contactless Biometrics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Singapore Contactless Biometrics Market Revenues & Volume, By Access Control, 2021-2031F |
6.3.3 Singapore Contactless Biometrics Market Revenues & Volume, By Onboarding & KYC, 2021-2031F |
6.3.4 Singapore Contactless Biometrics Market Revenues & Volume, By Criminal Identification & Forensics, 2021-2031F |
6.3.5 Singapore Contactless Biometrics Market Revenues & Volume, By Other Applications, 2021-2031F |
6.4 Singapore Contactless Biometrics Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Singapore Contactless Biometrics Market Revenues & Volume, By BFSI, 2021-2031F |
6.4.3 Singapore Contactless Biometrics Market Revenues & Volume, By Government & Law Enforcement, 2021-2031F |
6.4.4 Singapore Contactless Biometrics Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.5 Singapore Contactless Biometrics Market Revenues & Volume, By Retail & eCommerce, 2021-2031F |
6.4.6 Singapore Contactless Biometrics Market Revenues & Volume, By Travel & Tourism, 2021-2031F |
6.4.7 Singapore Contactless Biometrics Market Revenues & Volume, By Other Verticals, 2021-2031F |
7 Singapore Contactless Biometrics Market Import-Export Trade Statistics |
7.1 Singapore Contactless Biometrics Market Export to Major Countries |
7.2 Singapore Contactless Biometrics Market Imports from Major Countries |
8 Singapore Contactless Biometrics Market Key Performance Indicators |
9 Singapore Contactless Biometrics Market - Opportunity Assessment |
9.1 Singapore Contactless Biometrics Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Singapore Contactless Biometrics Market Opportunity Assessment, By Software, 2021 & 2031F |
9.3 Singapore Contactless Biometrics Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Singapore Contactless Biometrics Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Singapore Contactless Biometrics Market - Competitive Landscape |
10.1 Singapore Contactless Biometrics Market Revenue Share, By Companies, 2024 |
10.2 Singapore Contactless Biometrics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |