Biometrics in BFSI Market: North America enjoying a highest Market Share

Latest research study from HTF MI with title Global Biometrics in BFSI by Manufacturers, Regions, Type and Application, Forecast to 2023. The Research report presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data. The study is segmented by products type, application/end-users. The research study provides estimates for Global Biometrics in BFSI Forecast till 2023.

If you are involved in the Biometrics in BFSI industry or intend to be, then this study will provide you comprehensive outlook. It’s vital you keep your market knowledge up to date segmented by Applications Door Security, Log-In Management for PCs, Log-In Management for ATMs, Log-In Management for POS Terminals & Log-In Management for Banking, Product Types such as [Voice Recognition, Vein Recognition, Iris Recognition, Facial Recognition & Fingerprint Identification] and some major players in the industry. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization according to your requirement.

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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.

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.

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In 2017, the global Biometrics in BFSI market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

Key Companies/players: Cross Match Technologies, Fujitsu, HID Global, M2SYS & Safran.

Application: Door Security, Log-In Management for PCs, Log-In Management for ATMs, Log-In Management for POS Terminals & Log-In Management for Banking, Product Type: Voice Recognition, Vein Recognition, Iris Recognition, Facial Recognition & Fingerprint Identification.

The research covers the current & Future market size of the Global Biometrics in BFSI market and its growth rates based on 5 year history data. It also covers various types of segmentation such as by geography [United States, Europe, China, Japan, Southeast Asia & India]. The market competition is constantly growing higher with the rise in technological innovation and M&A activities in the industry. Moreover, many local and regional vendors are offering specific application products for varied end-users. On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

Stay up-to-date with Biometrics in BFSI market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth as the study avails you with market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, shares, trend and strategies for this market. In the Global Biometrics in BFSI Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023.

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Key questions answered in this report - Global Biometrics in BFSI Market Size, Status and Forecast 2025

What will the market size be in 2023 and what will the growth rate be
What are the key market trends
What is driving Global Biometrics in BFSI Market?
What are the challenges to market growth?
Who are the key vendors in Biometrics in BFSI Market space?
What are the key market trends impacting the growth of the Global Biometrics in BFSI Market ?
What are the key outcomes of the five forces analysis of the Global Biometrics in BFSI Market?
What are the market opportunities and threats faced by the vendors in the Global Biometrics in BFSI market? Get in-depth details about factors influencing the market shares of the Americas, APAC, and EMEA?

There are 15 Chapters to display the Global Biometrics in BFSI market.

Chapter 1, to describe Definition, Specifications and Classification of Global Biometrics in BFSI, Applications of Biometrics in BFSI, Market Segment by Regions;
Chapter 2, to analyze the Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;
Chapter 3, to display the Technical Data and Manufacturing Plants Analysis of , Capacity and Commercial Production Date, Manufacturing Plants Distribution, Export & Import, R&D Status and Technology Source, Raw Materials Sources Analysis;
Chapter 4, to show the Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);
Chapter 5 and 6, to show the Regional Market Analysis that includes United States, Europe, China, Japan, Southeast Asia & India, Biometrics in BFSI Segment Market Analysis (by Type);
Chapter 7 and 8, to analyze the Biometrics in BFSI Segment Market Analysis (by Application [Door Security, Log-In Management for PCs, Log-In Management for ATMs, Log-In Management for POS Terminals & Log-In Management for Banking]) Major Manufacturers Analysis;
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type [Voice Recognition, Vein Recognition, Iris Recognition, Facial Recognition & Fingerprint Identification], Market Trend by Application [Door Security, Log-In Management for PCs, Log-In Management for ATMs, Log-In Management for POS Terminals & Log-In Management for Banking];
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;
Chapter 11, to analyze the Consumers Analysis of Global Biometrics in BFSI by region, type and application ;
Chapter 12, to describe Biometrics in BFSI Research Findings and Conclusion, Appendix, methodology and data source;
Chapter 13, 14 and 15, to describe Biometrics in BFSI sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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