A new report from ABI Research predicts a revenue drop of $2 billion this year in the biometric device market caused by the COVID-19 pandemic.
According to Biometric Update, the report, however, also forecasts a boost to facial recognition from longer-term investment in new identification and surveillance systems.
Assessing the Impact of COVID-19 on the Biometrics Market is a new 10-page report from the market consultancy, suggesting the sale of fingerprint devices will slide by $1.2 billion in 2020.
“Contact biometric technologies like fingerprint and vein have been dealt a substantial blow due to new governmental regulations targeting contact and close-proximity interactions,” Dimitrios Pavlakis, ABI Research Digital Security Analyst, said.
“Fingerprint biometrics vendors are struggling to uphold the new stringent hygiene and infectious control protocols.
“These regulations have been correctly introduced for the safety of users and personnel, but they have also affected sales in certain verticals,” he added.
Biometric Update reports the total market for biometric devices is still expected to total $28.2 billion in 2020, despite a hit to the government and security market of $1.1 billion.