Biometrics in Retail Market Size, Insights, Trends, Outlook 2018 | Top Key Players: Crossmatch Technologies, Honeywell Security, M2SYS Technology, NEC, Safran, Suprema

With the increasing level of competition day by day, consumer experience management has emerged as a key differentiator between competing organizations in the retail industry. The use of Biometric identification systems has ushered an era of prompt customized service, helping the customer to reap the benefits of technology and the organization to improve their bottom-line. Moreover, biometric access control system can also be used by retail industry to cuts cost and improve efficiencies. The banking industry has already taken a big step in this direction by incorporating biometric technology in their IVR systems. This technology uses biometric voice identification to identify a customer. Once identification is done the customer detail like name, age, and other personal and banking details are pulled from the centralized database dispensing with the need to query the customer on their personal details. Besides improving the customer experience, based biometric IVR system increases the efficiency of the entire system by reducing the average handling time for each customer leading to lower operation costs and better bottom-line.

Global Biometrics in Retail Market Analysis, Size, Share, Growth, Trends, and Forecast 2018-2023. Biometrics in Retail global market study answers several questions (like current market status, future market opportunities, global and regional distribution of Biometrics in Retail industry) for stakeholders, primarily which market segments they should focus upon, during the next Five years to prioritize their efforts and investments.

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The Key Players Covered in this report:
• Crossmatch Technologies
• Honeywell Security
• M2SYS Technology
• NEC
• Safran
• Suprema

Reasons for Buying this Report

• This report provides pin-point analysis for changing competitive dynamics

• It provides a forward looking perspective on different factors driving or restraining market growth

• It provides a Five-year forecast assessed on the basis of how the market is predicted to grow

• It helps in understanding the key product segments and their future

• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Segmentation by product type:
• Fingerprint Identification
• Facial Recognition
• Hand Geometry
• Vein Recognition

Segmentation by application:
• Online Retail
• Offline Retail

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Scope of the Report:

• This report studies the Biometrics in Retail 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 Retail market by product type and applications/end industries.

• The increased instances of forgery and product thefts in the retail sector have increased the need for high-level security systems during the forecast period. Since the process of authentication in biometric systems is based on biological characteristics, such as fingerprint, facial, hand geometry, and vein patterns, their augmented implementation by organizations is envisaged to result in market growth during the predicted period. The advent of contactless biometrics is the key driver for the growth of this market. Recently, it has been observed that many organizations are reluctant to adopt contact biometric solutions owing to increased instances of communicable diseases like Ebola and swine influenza. This reluctance has forced vendors to develop equipment like contactless fingerprint scanners that are suitable for organizations, which are specific about their hygiene standards.North America dominated the market share during 2017. The presence of many global restaurant chains and supermarkets in this region are envisaged to bolster growth in this geography during the estimated period.

• 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 Retail.

Table of Contents
1 Market Overview

2 Manufacturers Profiles

3 Global Biometrics in Retail Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)

4 Global Biometrics in Retail Market Analysis by Regions

5 North America Biometrics in Retail by Countries

6 Europe Biometrics in Retail by Countries
TOC Continued….!

Tables And Figures
• Figure Biometrics in Retail Picture
• Table Product Specifications of Biometrics in Retail
• Table Global Biometrics in Retail and Revenue (Million USD) Market Split by Product Type
• Figure Global Biometrics in Retail Revenue Market Share by Types in 2017
• Figure Fingerprint Identification Picture
• Figure Facial Recognition Picture
• Figure Hand Geometry Picture
• Figure Vein Recognition Picture
• Table Global Biometrics in Retail Revenue (Million USD) by Application (2013-2023)
• Figure Biometrics in Retail Revenue Market Share by Applications in 2017 and More….

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