The global demand for Biometric Banking Market is presumed to reach the market size of nearly USD 24.77 BN by 2030 from USD 6.2 BN in 2022 with a CAGR of 18.9% under the study period 2023 - 2030.
Biometric banking refers to the use of biometric technology in financial and banking services to enhance security, authentication, and user experience. Biometrics involves the measurement and statistical analysis of people's unique physical and behavioral characteristics, such as fingerprints, iris patterns, facial features, voice, and even behavioral traits like typing patterns.
The Biometric banking market is propelled by a convergence of factors responding to the imperative of heightened security, technological advancements, and evolving consumer preferences in the financial sector. The escalating frequency and sophistication of cyber threats underscore the need for robust security measures, with biometric authentication emerging as a more secure alternative to traditional methods. Regulatory compliance requirements drive the adoption of biometric solutions in the financial industry, ensuring adherence to identity verification and data protection standards. Consumer demand for convenience in banking experiences fuels the widespread adoption of biometric authentication, offering a seamless and user-friendly approach. Ongoing technological advancements, particularly in cloud-based biometrics and mobile banking, contribute to the reliability and scalability of biometric solutions. The integration of biometrics into wearables and the exploration of blockchain and decentralized finance further expand the applications of biometric banking. As financial institutions embrace digital transformation, the Biometric banking market continues to grow, promising a secure and efficient future for authentication in financial transactions.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of biometric banking. The growth and trends of biometric banking industry provide a holistic approach to this study.
This section of the biometric banking market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
By Type
By End User
This section covers the regional outlook, which accentuates current and future demand for the Biometric Banking market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Biometric Banking market include Synaptics Incorporated, NEC CORPORATION, Charles Schwab and Co., Diebold Nixdorf, Incorporated., IDEMIA, Visa, Inc, Infineon Technologies AG, JPMorgan Chase & Co, IDEX Biometrics ASA, Axon. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . BIOMETRIC BANKING – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Component
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By End User
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL BIOMETRIC BANKING MARKET ANALYSIS BY COMPONENT
5.1 Overview by Component
5.2 Historical and Forecast Data
5.3 Analysis by Component
5.4 Hardware Historic and Forecast Sales by Regions
5.5 Software Historic and Forecast Sales by Regions
5.6 Service Historic and Forecast Sales by Regions
6 . GLOBAL BIOMETRIC BANKING MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Fingerprint Historic and Forecast Sales by Regions
6.5 Facial Recognition Historic and Forecast Sales by Regions
6.6 Hand Geometry Historic and Forecast Sales by Regions
6.7 Iris Recognition Historic and Forecast Sales by R ...