Global Biometrics for Banking and Financial Services Industry

Global Biometrics for Banking and Financial Services Industry

  • March 2020 •
  • 326 pages •
  • Report ID: 2070089 •
  • Format: PDF
Biometrics for Banking and Financial Services market worldwide is projected to grow by US$6.9 Billion, driven by a compounded growth of 15.5%. Fingerprint, one of the segments analyzed and sized in this study, displays the potential to grow at over 16.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$7 Billion by the year 2025, Fingerprint will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 10.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over  US$114.9 Million to the region’s size and clout in the next 5 to 6 years.  Over US$202.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Fingerprint will reach a market size of US$817.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 21% over the next couple of years and add approximately US$1.7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,
  • AllTrust Networks
  • CashFlows Europe Limited
  • Cross Match Technologies Inc.
  • Cyber-SIGN Inc.
  • Fujitsu Frontech North America Inc.
  • Gemalto N.V
  • HID Global
  • IDEMIA
  • Ingenico SA
  • Nuance Communications Inc.
  • Precise Biometrics AB
  • Suprema
  • VoiceVault Inc.