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Insights on the Contactless Biometrics Technology APAC Market to 2026 – Industry Analysis and Forecast

Dublin, Nov. 27, 2020 (GLOBE NEWSWIRE) — The “Asia Pacific Contactless Biometrics Technology Market By Component, By Application, By End User, By Country, Industry Analysis and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering. The Asia Pacific Contactless Biometrics Technology Market is expected to witness market growth of 21% CAGR during the forecast period (2020-2026). Constant technological advances in enhanced experience are anticipated to provide positive opportunities for market growth over the coming years. The increase in disposable income worldwide is expected to drive the market. Brand and technology-sensitive buyers are anticipated to contribute to market demand. Smartphones are characterized by innovative features, technology and design, evolving product life cycles, extreme pricing, changing product imitation and technological advancements. The simplicity with which services, images, gallery and documentation are handled has intensified the reliance on smartphones. Growing demand and interest in music, gaming, travel navigation, entertainment; social and personalization are expected to be key drivers for the smartphone market. These are gradually becoming an alternative to PDAs, heavy laptops and space-consuming desktops. Various banks, fintech and financial services companies have established partners to provide bio-authentication for secure on-boarding and transactions, with facial, finger and voice recognition. Ubiquitous contactless payments have always been a long-term inevitability. All it took for them to become a smart short-term investment was for customers to avoid treating retail keypads as a luxury and more like a factor for disease. Based on Component, the market is segmented into Software, Hardware and Services. Based on Application, the market is segmented into Face, Voice, Fingerprint & Hand Geometry, Iris and Others. Based on End User, the market is segmented into Government, Transport & Logistics, Defense & Security, Consumer Electronics, Healthcare & Life Sciences, Banking & Finance and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific. The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, Thales Group S.A. (Gemalto NV), Assa Abloy AB, NEC Corporation, Aware, Inc., Fingerprint Cards AB, IDEMIA SAS (Advent International, Inc.), Touchless Biometric Systems AG, M2SYS Technology, Inc., and nVIAsoft Corporation. Unique Offerings from the Publisher * Exhaustive coverage * Highest number of market tables and figures * Subscription based model available * Guaranteed best price * Assured post sales research support with 10% customization freeKey Topics Covered: Chapter 1. Market Scope & Methodology 1.1 Market Definition 1.2 Objectives 1.3 Market Scope 1.4 Segmentation 1.4.1 Asia Pacific Contactless Biometrics Technology Market, by Component 1.4.2 Asia Pacific Contactless Biometrics Technology Market, by Application 1.4.3 Asia Pacific Contactless Biometrics Technology Market, by End User 1.4.4 Asia Pacific Contactless Biometrics Technology Market, by Country 1.5 Methodology for the research Chapter 2. Market Overview 2.1 Introduction 2.1.1 Overview 2.1.2 EXECUTIVE SUMMARY 2.1.3 Market Composition and Scenario 2.2 Key Factors Impacting the Market 2.2.1 Market Drivers 2.2.2 Market Restraints Chapter 3. Competition Analysis – Global 3.1 Cardinal Matrix 3.2 Recent Industry Wide Strategic Developments 3.2.1 Partnerships, Collaborations and Agreements 3.2.2 Product Launches and Product Expansions 3.2.3 Mergers & Acquisitions 3.3 Top Winning Strategies 3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020) 3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Nov – 2020,Apr) Leading Players Chapter 4. Asia Pacific Contactless Biometrics Technology Market by Component 4.1 Asia Pacific Contactless Biometrics Technology Software Market by Country 4.2 Asia Pacific Contactless Biometrics Technology Hardware Market by Country 4.3 Asia Pacific Contactless Biometrics Technology Services Market by Country Chapter 5. Asia Pacific Contactless Biometrics Technology Market by Application 5.1 Asia Pacific Face Contactless Biometrics Technology Market by Country 5.2 Asia Pacific Voice Contactless Biometrics Technology Market by Country 5.3 Asia Pacific Fingerprint & Hand Geometry Contactless Biometrics Technology Market by Country 5.4 Asia Pacific Iris Contactless Biometrics Technology Market by Country 5.5 Asia Pacific Other Application Contactless Biometrics Technology Market by Country Chapter 6. Asia Pacific Contactless Biometrics Technology Market by End User 6.1 Asia Pacific Government Contactless Biometrics Technology Market by Country 6.2 Asia Pacific Transport & Logistics Contactless Biometrics Technology Market by Country 6.3 Asia Pacific Defense & Security Contactless Biometrics Technology Market by Country 6.4 Asia Pacific Consumer Electronics Contactless Biometrics Technology Market by Country 6.5 Asia Pacific Healthcare & Life Sciences Contactless Biometrics Technology Market by Country 6.6 Asia Pacific Banking & Finance Contactless Biometrics Technology Market by Country 6.7 Asia Pacific Others Contactless Biometrics Technology Market by Country Chapter 7. Asia Pacific Contactless Biometrics Technology Market by Country 7.1 China Contactless Biometrics Technology Market 7.1.1 China Contactless Biometrics Technology Market by Component 7.1.2 China Contactless Biometrics Technology Market by Application 7.1.3 China Contactless Biometrics Technology Market by End User 7.2 Japan Contactless Biometrics Technology Market 7.2.1 Japan Contactless Biometrics Technology Market by Component 7.2.2 Japan Contactless Biometrics Technology Market by Application 7.2.3 Japan Contactless Biometrics Technology Market by End User 7.3 India Contactless Biometrics Technology Market 7.3.1 India Contactless Biometrics Technology Market by Component 7.3.2 India Contactless Biometrics Technology Market by Application 7.3.3 India Contactless Biometrics Technology Market by End User 7.4 South Korea Contactless Biometrics Technology Market 7.4.1 South Korea Contactless Biometrics Technology Market by Component 7.4.2 South Korea Contactless Biometrics Technology Market by Application 7.4.3 South Korea Contactless Biometrics Technology Market by End User 7.5 Singapore Contactless Biometrics Technology Market 7.5.1 Singapore Contactless Biometrics Technology Market by Component 7.5.2 Singapore Contactless Biometrics Technology Market by Application 7.5.3 Singapore Contactless Biometrics Technology Market by End User 7.6 Malaysia Contactless Biometrics Technology Market 7.6.1 Malaysia Contactless Biometrics Technology Market by Component 7.6.2 Malaysia Contactless Biometrics Technology Market by Application 7.6.3 Malaysia Contactless Biometrics Technology Market by End User 7.7 Rest of Asia Pacific Contactless Biometrics Technology Market 7.7.1 Rest of Asia Pacific Contactless Biometrics Technology Market by Component 7.7.2 Rest of Asia Pacific Contactless Biometrics Technology Market by Application 7.7.3 Rest of Asia Pacific Contactless Biometrics Technology Market by End User Chapter 8. Company Profiles 8.1 Fujitsu Limited 8.1.1 Company Overview 8.1.2 Financial Analysis 8.1.3 Recent strategies and developments: 8.1.3.1 Partnerships, Collaborations, and Agreements: 8.1.3.2 Product Launches and Product Expansions: 8.1.3.3 Acquisition and Mergers: 8.1.4 SWOT Analysis 8.2 Thales Group S.A. (Gemalto NV) 8.2.1 Company Overview 8.2.2 Financial Analysis 8.2.3 Segmental and Regional Analysis 8.2.4 Research and Development Expense 8.2.5 Recent strategies and developments: 8.2.5.1 Partnerships, Collaborations, and Agreements: 8.2.6 SWOT Analysis 8.3 Assa Abloy AB 8.3.1 Company Overview 8.3.2 Financial Analysis 8.3.3 Segment and Regional Analysis 8.3.4 Research & Development Expense 8.3.5 Recent strategies and developments: 8.3.5.1 Partnerships, Collaborations, and Agreements: 8.3.5.2 Acquisition and Mergers: 8.3.6 SWOT Analysis 8.4 NEC Corporation 8.4.1 Company Overview 8.4.2 Financial Analysis 8.4.3 Segmental and Regional Analysis 8.4.4 Research & Development Expenses 8.4.5 Recent strategies and developments: 8.4.5.1 Partnerships, Collaborations, and Agreements: 8.4.5.2 Product Launches and Product Expansions: 8.4.5.3 Acquisition and Mergers: 8.4.6 SWOT Analysis 8.5 Aware, Inc. 8.5.1 Company Overview 8.5.2 Financial Analysis 8.5.3 Regional Analysis 8.5.4 Research & Development Expense 8.5.5 Recent strategies and developments: 8.5.5.1 Product Launches and Product Expansions: 8.6 Fingerprint Cards AB 8.6.1 Company Overview 8.6.2 Financial Analysis 8.6.3 Research & Development Expense 8.6.4 Recent strategies and developments: 8.6.4.1 Partnerships, Collaborations, and Agreements: 8.6.4.2 Product Launches and Product Expansions: 8.7 IDEMIA SAS (Advent International, Inc.) 8.7.1 Company Overview 8.7.2 Recent strategies and developments: 8.7.2.1 Partnerships, Collaborations, and Agreements: 8.8 Touchless Biometric Systems AG 8.8.1 Company Overview 8.9 M2SYS Technology, Inc. 8.9.1 Company Overview 8.10 nVIAsoft Corporation 8.10.1 Company overview For more information about this report visit https://www.researchandmarkets.com/r/h2qip3Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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Energy stocks help lift S&P/TSX composite, U.S. stock markets also up

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TORONTO – Canada’s main stock index was higher in late-morning trading, helped by strength in energy stocks, while U.S. stock markets also moved up.

The S&P/TSX composite index was up 34.91 points at 23,736.98.

In New York, the Dow Jones industrial average was up 178.05 points at 41,800.13. The S&P 500 index was up 28.38 points at 5,661.47, while the Nasdaq composite was up 133.17 points at 17,725.30.

The Canadian dollar traded for 73.56 cents US compared with 73.57 cents US on Monday.

The November crude oil contract was up 68 cents at US$69.70 per barrel and the October natural gas contract was up three cents at US$2.40 per mmBTU.

The December gold contract was down US$7.80 at US$2,601.10 an ounce and the December copper contract was up a penny at US$4.28 a pound.

This report by The Canadian Press was first published Sept. 17, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Canada’s inflation rate hits 2% target, reaches lowest level in more than three years

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OTTAWA – Canada’s inflation rate fell to two per cent last month, finally hitting the Bank of Canada’s target after a tumultuous battle with skyrocketing price growth.

The annual inflation rate fell from 2.5 per cent in July to reach the lowest level since February 2021.

Statistics Canada’s consumer price index report on Tuesday attributed the slowdown in part to lower gasoline prices.

Clothing and footwear prices also decreased on a month-over-month basis, marking the first decline in the month of August since 1971 as retailers offered larger discounts to entice shoppers amid slowing demand.

The Bank of Canada’s preferred core measures of inflation, which strip out volatility in prices, also edged down in August.

The marked slowdown in price growth last month was steeper than the 2.1 per cent annual increase forecasters were expecting ahead of Tuesday’s release and will likely spark speculation of a larger interest rate cut next month from the Bank of Canada.

“Inflation remains unthreatening and the Bank of Canada should now focus on trying to stimulate the economy and halting the upward climb in the unemployment rate,” wrote CIBC senior economist Andrew Grantham.

Benjamin Reitzes, managing director of Canadian rates and macro strategist at BMO, said Tuesday’s figures “tilt the scales” slightly in favour of more aggressive cuts, though he noted the Bank of Canada will have one more inflation reading before its October rate announcement.

“If we get another big downside surprise, calls for a 50 basis-point cut will only grow louder,” wrote Reitzes in a client note.

The central bank began rapidly hiking interest rates in March 2022 in response to runaway inflation, which peaked at a whopping 8.1 per cent that summer.

The central bank increased its key lending rate to five per cent and held it at that level until June 2024, when it delivered its first rate cut in four years.

A combination of recovered global supply chains and high interest rates have helped cool price growth in Canada and around the world.

Bank of Canada governor Tiff Macklem recently signalled that the central bank is ready to increase the size of its interest rate cuts, if inflation or the economy slow by more than expected.

Its key lending rate currently stands at 4.25 per cent.

CIBC is forecasting the central bank will cut its key rate by two percentage points between now and the middle of next year.

The U.S. Federal Reserve is also expected on Wednesday to deliver its first interest rate cut in four years.

This report by The Canadian Press was first published Sept. 17, 2024.

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Federal money and sales taxes help pump up New Brunswick budget surplus

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FREDERICTON – New Brunswick‘s finance minister says the province recorded a surplus of $500.8 million for the fiscal year that ended in March.

Ernie Steeves says the amount — more than 10 times higher than the province’s original $40.3-million budget projection for the 2023-24 fiscal year — was largely the result of a strong economy and population growth.

The report of a big surplus comes as the province prepares for an election campaign, which will officially start on Thursday and end with a vote on Oct. 21.

Steeves says growth of the surplus was fed by revenue from the Harmonized Sales Tax and federal money, especially for health-care funding.

Progressive Conservative Premier Blaine Higgs has promised to reduce the HST by two percentage points to 13 per cent if the party is elected to govern next month.

Meanwhile, the province’s net debt, according to the audited consolidated financial statements, has dropped from $12.3 billion in 2022-23 to $11.8 billion in the most recent fiscal year.

Liberal critic René Legacy says having a stronger balance sheet does not eliminate issues in health care, housing and education.

This report by The Canadian Press was first published Sept. 16, 2024.

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