The Latin America, Middle East and Africa Contactless Biometrics Technology Market would witness market growth of 19.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Contactless Biometrics Technology Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $978 million by 2031. The Argentina market is showcasing a CAGR of 21% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 18.4% during (2024 - 2031).
The adoption of this technology is growing steadily, driven by various factors, including increasing security concerns, the demand for convenience, and technological advancements. The COVID-19 pandemic has accelerated the need for touchless solutions as organizations prioritize hygiene and reduce the spread of germs. Governments and regulatory bodies increasingly recognize the importance of biometric technologies in enhancing security. Policies promoting the adoption of biometric systems in critical sectors such as banking, healthcare, and national security are facilitating market growth.
Advancements in artificial intelligence (AI), machine learning, and computer vision are significantly improving the accuracy and efficiency of contactless biometric systems. The integration of these technologies enables faster processing times, reduces false positives, and enhances user experience. As technology evolves, more organizations will adopt contactless biometrics for their security needs.
The rising healthcare sector in Saudi Arabia is significantly impacting the growth of this market. With the Saudi government contributing a substantial 60% of the healthcare expenditures in the Gulf Cooperation Council (GCC) region, the emphasis on advanced healthcare solutions is becoming more pronounced. The burgeoning transportation sector in the UAE is significantly propelling the growth of this market. As one of the world’s leading logistics hubs, the UAE plays a vital role in facilitating global trade, with its seaports handling 61% of cargo destined for Gulf Cooperation Council (GCC) countries. With Dubai recognized among the top ten container ports worldwide, the demand for innovative and efficient transportation solutions is rising. In conclusion, the expansion of the healthcare sector in Saudi Arabia and the growth of the transportation sector in the UAE is fostering the growth of the contactless biometrics technology market.
Free Valuable Insights: The Worldwide Contactless Biometrics Technology Market is Projected to reach USD 50.4 Billion by 2031, at a CAGR of 16.6%
Based on Component, the market is segmented into Software, Hardware, and Service. Based on Application, the market is segmented into Face, Fingerprint, Iris, Hand Geometry, Voice, and Other Application. Based on End Use, the market is segmented into Government, Banking & Finance, Consumer Electronics, Healthcare, Defense & Security, Transport & Logistics, and Other End Use. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Component
By Application
By End Use
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 