Biometrics for Banking and Financial Services - Strategic Business and Global Market Analysis Report 2024-2030 - Fingerprint Biometrics to Account for ~61% of Total Market Revenue


Dublin, July 19, 2024 (GLOBE NEWSWIRE) -- The "Biometrics for Banking and Financial Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Biometrics for Banking and Financial Services is estimated at US$5.9 Billion in 2023 and is projected to reach US$15.2 Billion by 2030, growing at a CAGR of 12.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Fujitsu Ltd., Bioenable Technologies Pvt., Ltd., Fujitsu Frontech Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.



Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Fingerprint Biometrics segment, which is expected to reach US$9.4 Billion by 2030 with a CAGR of 13.3%. The Face Biometrics segment is also set to grow at 11.2% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.2 Billion in 2023, and China, forecasted to grow at an impressive 16.4% CAGR to reach $3.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Biometrics for Banking and Financial Services Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Biometrics for Banking and Financial Services Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Biometrics for Banking and Financial Services Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Select Competitors (Total 63 Featured):

  • Fujitsu Ltd.
  • Bioenable Technologies Pvt. Ltd.
  • Fujitsu Frontech Ltd.
  • Cognitec Systems GmbH
  • ASSA ABLOY AB
  • Daon, Inc.
  • 4G Identity Solutions Pvt. Ltd.
  • BIO-key International, Inc.
  • Dermalog Identification Systems GmbH
  • Fulcrum Biometrics LLC
  • BioID AG
  • Aware, Inc.
  • Facephi Biometria SA
  • Bayometric
  • Fingo

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Key Attributes

Report AttributeDetails
No. of Pages320
Forecast Period2023-2030
Estimated Market Value (USD) in 2023$5.9 Billion
Forecasted Market Value (USD) by 2030$15.2 Billion
Compound Annual Growth Rate12.6%
Regions CoveredGlobal

Key Topics Covered

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Biometrics for Banking and Financial Services - Global Key Competitors Percentage Market Share in 2023 (E)
  • An Introduction to Biometrics Technology
  • Types of Biometrics Technologies
  • Biometrics: A Growing Solution to Address Financial Fraud and Security Breaches
  • Growing Role of Biometrics in Banking and Financial Institutions
  • Global Biometrics Market Breakdown of Revenues by End-Use (in %): 2023
  • Global Biometrics Market Breakdown of Revenues by Technology (in %): 2023
  • Application of Biometrics Technology in Financial Services Sector
  • Global Market Prospects & Outlook
  • Fingerprint Scan Technology Leads, Vein Recognition Gains Traction
  • Developing Economies Spearhead Adoption of Biometrics in BFSI Industry
  • Competition
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Digitization of Banking Services and Need for Stricter Identification Protocols to Prevent Security Breaches Drives Market
  • Unreliability and Vulnerability of Traditional Authentication Methods Fuels Adoption of Biometrics Solutions
  • Biometric Technology Vs Conventional ID Authentication Methods
  • Biometrics Enable Banks to Improve Customer Engagement Levels
  • Growing Adoption of Mobile Banking Spurs Opportunities for Biometrics
  • Global Online Banking Market Size (in US$ Billion) for the Years 2019, 2021, 2023 and 2025
  • Increasing Availability of Biometrics-Enabled Smartphones Transforms Mobile Banking Services
  • Smartphone Penetration Rate as Share of Total Population: 2016-2023
  • Global Penetration Rate (In %) of Fingerprint Sensor in Smartphones
  • Expanding Social Network Footprint of Financial Organizations: Opportunities for Biometrics Technology
  • Biometric Payment Cards Propel Biometrics Adoption in BFSI Sector
  • Biometrics Technology Facilitates Financial Inclusion of Unbanked Population
  • Global Breakdown of Unbanked Adult Population (in %) by Country
  • Global Breakdown of Unbanked Adult Population (in %) by Gender
  • Top Factors Cited as Barrier to Account Ownership: % of Adults Citing the Reason for Being Unbanked
  • Biometrics-based Authentication at ATMs on the Rise
  • Worldwide Installed Base of ATMs in Millions for the Years 2015, 2017, 2019, 2021, 2023, and 2025
  • Future Financial Transactions to be Password-less, Contact-less and Friction-less
  • Amidst Digital Transformation of Banking Operations, Behavioral Biometrics Witnesses Growth
  • Keystroke Dynamics Authentication Overcomes Challenges Related to Conventional Authentication Methods
  • Multi-Modal Biometrics Gain Momentum
  • Biometric Multi-Factor Authentication: Providing Greater Security to Transactions
  • Digital Onboarding Initiatives of Banks Present Favorable Outlook for Biometrics Technologies
  • Voice Biometrics Continues to Gain Growth
  • Contactless Iris Biometrics Technology Poised for Strong Growth
  • Facial Recognition Growing in Popularity
  • Banks See More Deployment of Vein Recognition Biometrics
  • Dual Biometrics Finds Acceptance among Banks
  • Identity Verification: A Major Growth Area for Biometrics Use in Banks
  • Access Control: A Potential Application Area
  • Fintech Banking Addresses Drawbacks of Conventional Banking
  • On-Cloud Biometrics Gain Popularity
  • Innovations in Biometrics for Banking and Financial Services Sector: A Review
  • Select Innovations in Banking Biometrics Space
  • Partnerships: Order of the day for BFSI
  • Regulatory Mandates Promote Adoption Biometrics Technology in Banking Sector
  • Challenges Facing Banks in Implementing Biometric Security Systems

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/g8kqkd

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Biometrics for Banking and Financial Services Market

Coordonnées