Canada Contactless Biometrics Technology Market Size & Outlook
Canada contactless biometrics technology market, 2017-2030 (US$M)
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Canada contactless biometrics technology market highlights
- The Canada contactless biometrics technology market generated a revenue of USD 1,766.7 million in 2023 and is expected to reach USD 6,958.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 21.6% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
Contactless biometrics technology market data book summary
| Market revenue in 2023 | USD 1,766.7 million |
| Market revenue in 2030 | USD 6,958.4 million |
| Growth rate | 21.6% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Service |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | Aware Inc, Fingerprint Cards AB Class B, Fujitsu Ltd, NEC Corp, Thales, Assa Abloy AB Class B, M2SYS Technology, nVIAsoft |
Other key industry trends
- In terms of revenue, Canada accounted for 12.1% of the global contactless biometrics technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. contactless biometrics technology market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,958.4 million by 2030.
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Contactless Biometrics Technology Market Scope
Contactless Biometrics Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada contactless biometrics technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contactless biometrics technology market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 44.54% in 2023. Horizon Databook has segmented the Canada contactless biometrics technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada contactless biometrics technology market , including forecasts for subscribers. This country databook contains high-level insights into Canada contactless biometrics technology market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada contactless biometrics technology market size, by component, 2017-2030 (US$M)
Canada Contactless Biometrics Technology Market Outlook Share, 2023 & 2030 (US$M)
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