| Product Code: ETC4386391 | Publication Date: Jul 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Vietnam Contactless Biometrics market is evolving as businesses and government entities explore innovative and secure methods of identity verification. Contactless biometric technologies, such as facial recognition and fingerprint scanning, offer convenient and hygienic alternatives to traditional authentication methods. In the wake of the COVID-19 pandemic, there is a heightened awareness of the importance of touchless solutions, contributing to the adoption of contactless biometrics in various sectors, including finance, healthcare, and transportation. The market`s growth is driven by the demand for frictionless and secure identity verification methods in an increasingly digital and contactless world.
The Vietnam Contactless Biometrics market is witnessing growth primarily due to the demand for touchless and secure identity verification. In a post-COVID-19 world, the emphasis on hygiene and safety has driven the adoption of contactless biometric solutions in various sectors, including finance, healthcare, and access control. The market`s expansion is also supported by the increasing prevalence of smartphones and IoT devices, which can utilize contactless biometrics for user authentication. The technology`s convenience, accuracy, and resistance to fraud contribute to its growing popularity in Vietnam.
The Vietnam Contactless Biometrics market faces several challenges. One of the primary challenges is the limited adoption and acceptance of biometric authentication methods in the country. Cultural factors and privacy concerns can hinder the widespread use of contactless biometrics. Additionally, the need for robust and secure biometric systems, including anti-spoofing measures, can be a barrier for businesses seeking to implement these technologies. The cost associated with deploying contactless biometric solutions can also be a challenge for organizations, particularly smaller ones. Furthermore, regulatory and compliance issues related to data privacy and security can create complexities for businesses looking to implement contactless biometrics, as they must adhere to strict requirements to protect user data.
In the wake of the COVID-19 pandemic, the Contactless Biometrics market in Vietnam has witnessed notable changes. The heightened awareness of hygiene and safety measures has accelerated the adoption of contactless biometric technologies. These solutions, which minimize physical contact during identity verification processes, have gained prominence in various sectors, including finance, healthcare, and government. The pandemic has acted as a catalyst for organizations to reassess and upgrade their authentication methods, leading to increased interest and investment in contactless biometrics for secure and convenient identity verification.
The Contactless Biometrics market in Vietnam is characterized by innovative solutions provided by key players. Companies like VCCorp and VinCSS contribute significantly to the adoption of contactless biometrics, incorporating facial recognition and other advanced technologies. These players play a vital role in transforming authentication processes, enhancing security, and fostering the widespread acceptance of contactless biometric solutions in various sectors, including finance, healthcare, and public services.
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 Vietnam Contactless Biometrics Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Contactless Biometrics Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Contactless Biometrics Market - Industry Life Cycle |
3.4 Vietnam Contactless Biometrics Market - Porter's Five Forces |
3.5 Vietnam Contactless Biometrics Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Vietnam Contactless Biometrics Market Revenues & Volume Share, By Software, 2021 & 2031F |
3.7 Vietnam Contactless Biometrics Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Vietnam Contactless Biometrics Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Vietnam Contactless Biometrics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of contactless technologies in various sectors such as finance, healthcare, and retail. |
4.2.2 Growing concerns regarding security and fraud prevention, driving the demand for more secure biometric authentication methods. |
4.2.3 Government initiatives promoting the use of biometrics for identification and authentication purposes. |
4.3 Market Restraints |
4.3.1 High initial implementation costs associated with contactless biometrics solutions. |
4.3.2 Concerns regarding data privacy and security, leading to potential hesitance among consumers to adopt contactless biometrics. |
4.3.3 Lack of standardized regulations and guidelines for the use of biometric data in Vietnam. |
5 Vietnam Contactless Biometrics Market Trends |
6 Vietnam Contactless Biometrics Market, By Types |
6.1 Vietnam Contactless Biometrics Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Contactless Biometrics Market Revenues & Volume, By Offering, 2021-2031F |
6.1.3 Vietnam Contactless Biometrics Market Revenues & Volume, By Multimodal Biometrics Solution, 2021-2031F |
6.1.4 Vietnam Contactless Biometrics Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.5 Vietnam Contactless Biometrics Market Revenues & Volume, By Software, 2021-2031F |
6.1.6 Vietnam Contactless Biometrics Market Revenues & Volume, By Services, 2021-2031F |
6.2 Vietnam Contactless Biometrics Market, By Software |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Contactless Biometrics Market Revenues & Volume, By Face Recognition, 2021-2031F |
6.2.3 Vietnam Contactless Biometrics Market Revenues & Volume, By Iris Recognition, 2021-2031F |
6.3 Vietnam Contactless Biometrics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Contactless Biometrics Market Revenues & Volume, By Access Control, 2021-2031F |
6.3.3 Vietnam Contactless Biometrics Market Revenues & Volume, By Onboarding & KYC, 2021-2031F |
6.3.4 Vietnam Contactless Biometrics Market Revenues & Volume, By Criminal Identification & Forensics, 2021-2031F |
6.3.5 Vietnam Contactless Biometrics Market Revenues & Volume, By Other Applications, 2021-2031F |
6.4 Vietnam Contactless Biometrics Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Contactless Biometrics Market Revenues & Volume, By BFSI, 2021-2031F |
6.4.3 Vietnam Contactless Biometrics Market Revenues & Volume, By Government & Law Enforcement, 2021-2031F |
6.4.4 Vietnam Contactless Biometrics Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.5 Vietnam Contactless Biometrics Market Revenues & Volume, By Retail & eCommerce, 2021-2031F |
6.4.6 Vietnam Contactless Biometrics Market Revenues & Volume, By Travel & Tourism, 2021-2031F |
6.4.7 Vietnam Contactless Biometrics Market Revenues & Volume, By Other Verticals, 2021-2031F |
7 Vietnam Contactless Biometrics Market Import-Export Trade Statistics |
7.1 Vietnam Contactless Biometrics Market Export to Major Countries |
7.2 Vietnam Contactless Biometrics Market Imports from Major Countries |
8 Vietnam Contactless Biometrics Market Key Performance Indicators |
8.1 Adoption rate of contactless biometrics solutions across different industries. |
8.2 Number of reported security breaches or fraud incidents before and after the implementation of contactless biometrics. |
8.3 Percentage increase in government spending on biometric technologies and related infrastructure. |
8.4 Customer satisfaction levels with contactless biometric authentication experiences. |
8.5 Rate of growth in the number of biometric data protection and privacy regulations in Vietnam. |
9 Vietnam Contactless Biometrics Market - Opportunity Assessment |
9.1 Vietnam Contactless Biometrics Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Vietnam Contactless Biometrics Market Opportunity Assessment, By Software, 2021 & 2031F |
9.3 Vietnam Contactless Biometrics Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Vietnam Contactless Biometrics Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Vietnam Contactless Biometrics Market - Competitive Landscape |
10.1 Vietnam Contactless Biometrics Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Contactless Biometrics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |