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Global Biometrics in BFSI Market Outlook 2025: Top Companies, Trends and Future Prospects Details for Business Development

08-23-2018 08:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: 360 Market Updates

Biometrics in BFSI Market

Biometrics in BFSI Market

The Biometrics in BFSI Market Report provides thorough backdrop investigation of Biometrics in BFSI business, with an evaluation of the previous years. The Biometrics in BFSI Market Reports provides data on Biometrics in BFSI patterns and improvements, and target business sectors and materials, limits and advancements. The report broadly provides the market size, share, trends, growth and forecasts to 2025.

"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 customers 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 markets growth in the region.

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."

Request Sample Copy of Biometrics in BFSI Market Report @ https://www.360marketupdates.com/enquiry/request-sample/12528988

The Biometrics in BFSI Market report begins from Synopsis of Biometrics in BFSI Industry Chain structures and Industry Environment, then analyses market size and forecasts of Biometrics in BFSI by Key Players, Product Types, and Applications, additionally, this report includes Market Competition situation of Biometrics in BFSI among the Major Manufacturers along with company profiles.

Major Key Players of Biometrics in BFSI Market Report: Cross Match Technologies, Fujitsu, HID Global, M2SYS, Safran.

Biometrics in BFSI Market Segment by Product Types considering Production, Revenue (Value), Price Trends: Voice Recognition, Vein Recognition, Iris Recognition, Facial Recognition, Fingerprint Identification.

Biometrics in BFSI Market Segment by Applications considering Consumption Growth Rate and Market Share: Door Security, Log-In Management for PCs, Log-In Management for ATMs, Log-In Management for POS Terminals, Log-In Management for Banking.

The study objectives of Biometrics in BFSI Market Report are:
• To study and forecast the market size of Biometrics in BFSI in global market.
• To analyse the global Key players, SWOT analysis, value and global market share for top players.
• To define, describe and forecast the market by type, end use and region.
• To analyse and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
• To analyse the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

For Any Query on Biometrics in BFSI Market report, Speak to Expert @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12528988

In this study, the years considered to estimate the market size of Biometrics in BFSI are as follows:
• History Year: 2013-2017
• Base Year: 2017
• Estimated Year: 2018
• Forecast Year 2018 to 2025

Key Stakeholders in Biometrics in BFSI Market Report:
• Biometrics in BFSI Manufacturers
• Biometrics in BFSI Distributors/Traders/Wholesalers
• Biometrics in BFSI Subcomponent Manufacturers
• Industry Association
• Downstream Vendors

Along with Market research analysis, buyer also gets valuable information about global Biometrics in BFSI Production and its market share, Revenue, Price and Gross Margin, Supply, Consumption, Export, import volume and values for following Regions:
• United States
• Europe
• Japan
• China
• India
• Southeast Asia

Price of Report: $ 3300 (Single User License)

Purchase Report @ https://www.360marketupdates.com/purchase/12528988

In a word, the Biometrics in BFSI Market report provides major statistics on the state of the Biometrics in BFSI industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

360 market Updates is the credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed towards optimizing your business. The reports we provide are based on a research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments.

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