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Banks around the world are increasingly opting biometrics to authenticate customers accessing their services. This trend is not limited to banks; other financials outfits are also taking up biometric authentication to identify customers and safeguard resources. Increasing cases of financial fraud, identity theft, and threats from cyberspace have made banks to restructure their identity practices and biometrics in banking and financial services offers the solution. Most banking customers are tech-savvy nowadays and expect a friction-less access to banking services but password based identity solution fails keep up with expectations, however, with biometrics in banking, things seems to be changing now.
Scope of the Report:
This report studies the Biometrics in BFSI market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Biometrics in BFSI market by product type and applications/end industries.
The BFSI sector is increasingly focusing on providing the highest level of security to their customers by reducing identity duplication. With changing consumer preferences and introduction of new payment methods, it has become imperative for banks to transform the payments and card (PCI) industry digitally. This has led to the introduction of new payment methods such as PIN cards, mobile wallets, and EMV chips. With the advances in technology, the number of frauds and forgeries are also increasing, thereby increasing the need for a solution which is difficult to duplicate. Several banks are adopting biometrics to prevent fraud and protect customer’s information from being compromised. One of the recent trends gaining significant traction in the market is the increasing adoption of vein recognition in ATMs and POS terminals. Banks and financial institutions in emerging economies like India, China, Mexico, and Brazil has readily adopting vein recognition biometrics to verify the identity of their customers. North America accounted for the largest share of the market and is likely to dominate the market until the end of 2020. Factors such as increased awareness among the organizations in the BFSI sector about the benefits of deployment of biometrics and the presence of many large financial institutions and companies in the region will contribute to this market’s growth in the region.
The global Biometrics in BFSI market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Biometrics in BFSI.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
Cross Match Technologies
Fujitsu
HID Global
M2SYS
Safran
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Voice Recognition
Vein Recognition
Iris Recognition
Facial Recognition
Fingerprint Identification
Market Segment by Applications, can be divided into
Door Security
Log-In Management for PCs
Log-In Management for ATMs
Log-In Management for POS Terminals
Log-In Management for Banking
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Biometrics in BFSI Market Overview
1.1 Product Overview and Scope of Biometrics in BFSI
1.2 Classification of Biometrics in BFSI by Types
1.2.1 Global Biometrics in BFSI Revenue Comparison by Types (2017-2023)
1.2.2 Global Biometrics in BFSI Revenue Market Share by Types in 2017
1.2.3 Voice Recognition
1.2.4 Vein Recognition
1.2.5 Iris Recognition
1.2.6 Facial Recognition
1.2.7 Fingerprint Identification
1.3 Global Biometrics in BFSI Market by Application
1.3.1 Global Biometrics in BFSI Market Size and Market Share Comparison by Applications (2013-2023)
1.3.2 Door Security
1.3.3 Log-In Management for PCs
1.3.4 Log-In Management for ATMs
1.3.5 Log-In Management for POS Terminals
1.3.6 Log-In Management for Banking
1.4 Global Biometrics in BFSI Market by Regions
1.4.1 Global Biometrics in BFSI Market Size (Million USD) Comparison by Regions (2013-2023)
1.4.1 North America (USA, Canada and Mexico) Biometrics in BFSI Status and Prospect (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy) Biometrics in BFSI Status and Prospect (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Biometrics in BFSI Status and Prospect (2013-2023)
1.4.4 South America (Brazil, Argentina, Colombia) Biometrics in BFSI Status and Prospect (2013-2023)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Biometrics in BFSI Status and Prospect (2013-2023)
1.5 Global Market Size of Biometrics in BFSI (2013-2023)
2 Manufacturers Profiles
2.1 Cross Match Technologies
2.1.1 Business Overview
2.1.2 Biometrics in BFSI Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Cross Match Technologies Biometrics in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.2 Fujitsu
2.2.1 Business Overview
2.2.2 Biometrics in BFSI Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Fujitsu Biometrics in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.3 HID Global
2.3.1 Business Overview
2.3.2 Biometrics in BFSI Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 HID Global Biometrics in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.4 M2SYS
2.4.1 Business Overview
2.4.2 Biometrics in BFSI Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 M2SYS Biometrics in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.5 Safran
2.5.1 Business Overview
2.5.2 Biometrics in BFSI Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Safran Biometrics in BFSI Revenue, Gross Margin and Market Share (2016-2017)
3 Global Biometrics in BFSI Market Competition, by Players
3.1 Global Biometrics in BFSI Revenue and Share by Players (2013-2018)
3.2 Market Concentration Rate
3.2.1 Top 5 Biometrics in BFSI Players Market Share
3.2.2 Top 10 Biometrics in BFSI Players Market Share
3.3 Market Competition Trend
4 Global Biometrics in BFSI Market Size by Regions
4.1 Global Biometrics in BFSI Revenue and Market Share by Regions
4.2 North America Biometrics in BFSI Revenue and Growth Rate (2013-2018)
4.3 Europe Biometrics in BFSI Revenue and Growth Rate (2013-2018)
4.4 Asia-Pacific Biometrics in BFSI Revenue and Growth Rate (2013-2018)
4.5 South America Biometrics in BFSI Revenue and Growth Rate (2013-2018)
4.6 Middle East and Africa Biometrics in BFSI Revenue and Growth Rate (2013-2018)
5 North America Biometrics in BFSI Revenue by Countries
5.1 North America Biometrics in BFSI Revenue by Countries (2013-2018)
5.2 USA Biometrics in BFSI Revenue and Growth Rate (2013-2018)
5.3 Canada Biometrics in BFSI Revenue and Growth Rate (2013-2018)
5.4 Mexico Biometrics in BFSI Revenue and Growth Rate (2013-2018)
6 Europe Biometrics in BFSI Revenue by Countries
6.1 Europe Biometrics in BFSI Revenue by Countries (2013-2018)
6.2 Germany Biometrics in BFSI Revenue and Growth Rate (2013-2018)
6.3 UK Biometrics in BFSI Revenue and Growth Rate (2013-2018)
6.4 France Biometrics in BFSI Revenue and Growth Rate (2013-2018)
6.5 Russia Biometrics in BFSI Revenue and Growth Rate (2013-2018)
6.6 Italy Biometrics in BFSI Revenue and Growth Rate (2013-2018)
7 Asia-Pacific Biometrics in BFSI Revenue by Countries
7.1 Asia-Pacific Biometrics in BFSI Revenue by Countries (2013-2018)
7.2 China Biometrics in BFSI Revenue and Growth Rate (2013-2018)
7.3 Japan Biometrics in BFSI Revenue and Growth Rate (2013-2018)
7.4 Korea Biometrics in BFSI Revenue and Growth Rate (2013-2018)
7.5 India Biometrics in BFSI Revenue and Growth Rate (2013-2018)
7.6 Southeast Asia Biometrics in BFSI Revenue and Growth Rate (2013-2018)
8 South America Biometrics in BFSI Revenue by Countries
8.1 South America Biometrics in BFSI Revenue by Countries (2013-2018)
8.2 Brazil Biometrics in BFSI Revenue and Growth Rate (2013-2018)
8.3 Argentina Biometrics in BFSI Revenue and Growth Rate (2013-2018)
8.4 Colombia Biometrics in BFSI Revenue and Growth Rate (2013-2018)
9 Middle East and Africa Revenue Biometrics in BFSI by Countries
9.1 Middle East and Africa Biometrics in BFSI Revenue by Countries (2013-2018)
9.2 Saudi Arabia Biometrics in BFSI Revenue and Growth Rate (2013-2018)
9.3 UAE Biometrics in BFSI Revenue and Growth Rate (2013-2018)
9.4 Egypt Biometrics in BFSI Revenue and Growth Rate (2013-2018)
9.5 Nigeria Biometrics in BFSI Revenue and Growth Rate (2013-2018)
9.6 South Africa Biometrics in BFSI Revenue and Growth Rate (2013-2018)
10 Global Biometrics in BFSI Market Segment by Type
10.1 Global Biometrics in BFSI Revenue and Market Share by Type (2013-2018)
10.2 Global Biometrics in BFSI Market Forecast by Type (2018-2023)
10.3 Voice Recognition Revenue Growth Rate (2013-2023)
10.4 Vein Recognition Revenue Growth Rate (2013-2023)
10.5 Iris Recognition Revenue Growth Rate (2013-2023)
10.6 Facial Recognition Revenue Growth Rate (2013-2023)
10.7 Fingerprint Identification Revenue Growth Rate (2013-2023)
11 Global Biometrics in BFSI Market Segment by Application
11.1 Global Biometrics in BFSI Revenue Market Share by Application (2013-2018)
11.2 Biometrics in BFSI Market Forecast by Application (2018-2023)
11.3 Door Security Revenue Growth (2013-2018)
11.4 Log-In Management for PCs Revenue Growth (2013-2018)
11.5 Log-In Management for ATMs Revenue Growth (2013-2018)
11.6 Log-In Management for POS Terminals Revenue Growth (2013-2018)
11.7 Log-In Management for Banking Revenue Growth (2013-2018)
12 Global Biometrics in BFSI Market Size Forecast (2018-2023)
12.1 Global Biometrics in BFSI Market Size Forecast (2018-2023)
12.2 Global Biometrics in BFSI Market Forecast by Regions (2018-2023)
12.3 North America Biometrics in BFSI Revenue Market Forecast (2018-2023)
12.4 Europe Biometrics in BFSI Revenue Market Forecast (2018-2023)
12.5 Asia-Pacific Biometrics in BFSI Revenue Market Forecast (2018-2023)
12.6 South America Biometrics in BFSI Revenue Market Forecast (2018-2023)
12.7 Middle East and Africa Biometrics in BFSI Revenue Market Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
List of Tables and Figures
Figure Biometrics in BFSI Picture
Table Product Specifications of Biometrics in BFSI
Table Global Biometrics in BFSI and Revenue (Million USD) Market Split by Product Type
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