Press release
Emerging Trends to Drive Biometric Cards Market Growth at 17.3% CAGR Through 2029
Biometric Cards
_x000D_
Biometric Cards Market Size Growth Forecast: What to Expect by 2025?_x000D_
The market for biometric cards has seen a substantial increase in its size in the recent past. Expected to expand from $13.03 billion in 2024 to $15.24 billion in 2025, the market is set to experience a compound annual growth rate (CAGR) of 17.0%. The previous growth can be traced back to factors such as heightened security requirements, growing apprehensions about fraud, adherence to regulations, rising demand for customer convenience, and a surge in the count of smartphone users._x000D_
_x000D_
How Will the Biometric Cards Market Size Evolve and Grow by 2029?_x000D_
Anticipated to experience swift expansion in the upcoming years, the biometric cards market is projected to reach a valuation of $28.85 billion in 2029, with a compound annual growth rate (CAGR) of 17.3%. The expected growth during the forecast period is due to factors such as the escalation in cybersecurity threats, the proliferation of contactless payment systems, the rising need for multifactor authentication and secure identification solutions, and an increased demand for high-security applications. Noteworthy trends during this period comprise the incorporation of contactless payment technology, advancements in biometric enrollment solutions, the exploration of blockchain technology, improvements in biometric sensors and algorithms, as well as convergence with mobile devices._x000D_
_x000D_
View the full report here: _x000D_
https://www.thebusinessresearchcompany.com/report/biometric-cards-global-market-report_x000D_
_x000D_
What Drivers Are Propelling the Growth of Biometric Cards Market Forward?_x000D_
The surge in contactless payment systems is projected to fuel the expansion of the biometric card market in the near future. Contactless payment systems offer a safe buying method for consumers using a debit, credit, or smart card equipped with radio frequency identification (RFID) technology or near-field communication (NFC). The increase in smartphone usage and digital wallets has greatly enhanced the prevalence of contactless payments. Biometric cards, in particular, are appealing in retail settings where cutting down transaction time can contribute to better operational efficiency and a higher level of customer satisfaction. Biometric cards used for contactless payments not only amplify security using fingerprint authentication but also curtail fraud, inviting customers and businesses while preserving the velocity of contactless payments. For instance, according to the European Central Bank in January 2024, a central bank based in Germany for the European Union countries, contactless card payments in the first half of 2023 saw a 24.3% rise from 20.9 billion in the first half of 2022, with the aggregate total value escalating by 25.9% reaching €0.5 trillion ($545.27 billion). Hence, the rising contactless payment systems underpin the growth of the biometric card market._x000D_
_x000D_
Get your free sample here:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=18259&type=smp_x000D_
_x000D_
Which Emerging Trends Are Transforming the Biometric Cards Market in 2025?_x000D_
Leading firms within the biometric card market are concentrating on creating innovative solutions like fingerprint biometric security. This aims to revolutionize the payment experience and boost customer satisfaction. This technology identifies and authenticates individuals based on distinctive fingerprint patterns, thereby offering heightened security and convenience. In a practical context, Rocker, a fintech firm from Sweden introduced the Rocker Touch in June 2022, marking it as the debut of biometric payment card technology. The card utilises F.CODE technology provided by IDEMIA, merging chip technology and a fingerprint biometric sensor to authenticate the cardholder's identity. This process enables users to sanction payments by placing their finger on the card, eliminating the necessity for a PIN. The secure storage of biometric information on the chip, that never leaves the card, also guarantees the privacy and security of the user._x000D_
_x000D_
What Are the Key Segments in the Biometric Cards Market?_x000D_
The biometric cardsmarket covered in this report is segmented - _x000D_
_x000D_
1) By Type: Contact Biometric Cards, Contactless Biometric Cards_x000D_
2) By Application: Payments, Access Control, Government Identification Document (ID) And Financial Inclusion, Other Applications_x000D_
3) By End-User Vertical: Banking, Financial Services, And Insurance (BFSI), Retail, Government, Healthcare, Commercial Entities, Other End-User Verticals_x000D_
_x000D_
Subsegments:_x000D_
1) By Contact Biometric Cards: Smart Biometric Cards, Fingerprint Recognition Biometric Cards, Multi-Factor Authentication Biometric Cards _x000D_
2) By Contactless Biometric Cards: RFID-Based Biometric Cards, NFC-Enabled Biometric Cards, Fingerprint Recognition Contactless Biometric Cards_x000D_
_x000D_
_x000D_
Tailor your insights and customize the full report here:_x000D_
https://www.thebusinessresearchcompany.com/customise?id=18259&type=smp_x000D_
_x000D_
Who Are the Key Players Shaping the Biometric Cards Market's Competitive Landscape?_x000D_
Major companies operating in the biometric cards market are Samsung Semiconductor, Visa Inc., Mastercard, Thales Group, STMicroelectronics NV, IDEMIA Group, JCB Co. Ltd., KONA I Co. Ltd., FEITIAN Technologies Co. Ltd., Fingerprint Cards AB, Matica Technologies Group SA, Seshaasai Business Forms Private Limited, Precise Biometrics, Zwipe, NEXT Biometrics, Versasec AB, Ethernom, CardLogix Corporation, SmartMetric Inc., IDEX Biometrics _x000D_
_x000D_
What Geographic Markets Are Powering Growth in the Biometric Cards Market?_x000D_
North America was the largest region in the biometric card market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric cards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
_x000D_
Purchase the full report today:_x000D_
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18259_x000D_
_x000D_
This Report Supports:_x000D_
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work._x000D_
_x000D_
Learn More About The Business Research Company_x000D_
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. _x000D_
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making._x000D_
_x000D_
Reach out to us:_x000D_
The Business Research Company: https://www.thebusinessresearchcompany.com/_x000D_
Americas +1 310-496-7795_x000D_
Europe +44 7882 955267_x000D_
Asia & Others +44 7882 955267 & +91 8897263534_x000D_
Email us at info@tbrc.info_x000D_
_x000D_
Follow Us On:_x000D_
LinkedIn: https://in.linkedin.com/company/the-business-research-company _x000D_
Twitter: https://twitter.com/tbrc_info _x000D_
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Trends to Drive Biometric Cards Market Growth at 17.3% CAGR Through 2029 here
News-ID: 4241640 • Views: …
More Releases from The Business Research Company
2025-2034 Banking Customer Relationship Management (CRM) Software Market Evoluti …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Banking Customer Relationship Management (CRM) Software Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Recent years have seen a swift expansion in the market size of the banking customer relationship management (CRM) software. The market, which is currently valued at $15.4 billion (2024), is anticipated…
What Is The Leading Driver Behind Impacts Of Smart Home And Iot Adoption On BLE …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Bluetooth Low Energy (BLE) Technology Industry Market Size Be by 2025?
In recent times, there has been a consistent expansion in the market size of Bluetooth Low Energy (BLE) technology. The market is predicted to rise from $9.58 billion in 2024 to approximately $9.95 billion in…
Colocation And Hyperscale Data Centers Fueling Automated Infrastructure Manageme …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Automated Infrastructure Management Solutions Market Size Growth Forecast: What to Expect by 2025?
The market size for automated infrastructure management solutions has expanded swiftly in the past few years, and it's set to increase from $1.69 billion in 2024 to $1.91 billion in 2025, with a compound annual growth…
Future of the Global Baggage Scanner Market: Trends, Innovations, and Key Foreca …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
How Large Will the Baggage Scanner Market Size By 2025?_x000D_
The size of the baggage scanner market has seen significant growth over the recent years. This market is set to expand from $2.07 billion in 2024 to $2.17 billion in 2025, registering a compound annual growth rate (CAGR) of…
More Releases for Biometric
Global Biometric Service Market Size by Application, Type, and Geography: Foreca …
According to Market Research Intellect, the global Biometric Service market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The biometric service market is witnessing rapid growth, fueled by increasing demand for advanced security solutions across various…
Prominent Biometric Cards Market Trend for 2025: Revolutionizing Payment Securit …
What market dynamics are playing a key role in accelerating the growth of the biometric cards market?
The burgeoning expansion of contactless payment systems is anticipated to spur the development of the biometric card market in the future. Contactless payment systems provide a secure means for consumers to purchase goods or services using their debit, credit, or smart cards by exploiting radio frequency identification (RFID) technology or near-field communication (NFC). The…
Prominent Biometric Sensor Market Trend for 2025: Pioneering Product Innovation …
Which drivers are expected to have the greatest impact on the over the biometric sensor market's growth?
The spike in identity theft incidents is predicted to bolster the expansion of the biometric sensor market. Identity theft involves the stolen personal data such as social security numbers, bank account or credit card details. Biometric techniques address all critical aspects of authentication, non-repudiation, confidentiality, and integrity, contributing substantially to curbing and extinguishing identity…
Key Biometric Cards Market Trend for 2025-2034: Revolutionizing Payment Security …
What Is the Future Outlook for the Biometric Cards Market's Size and Growth Rate?
In recent times, the size of the biometric cards market has expanded swiftly. Its growth is anticipated to soar from $13.03 billion in 2024 to reach $15.36 billion in 2025, with a compound annual growth rate (CAGR) of 17.9%. The surging growth during the historical span can be credited to enhanced security requirements, escalating concerns regarding fraud,…
Biometric Workforce Management Market Will Hit Big Revenues In Future | IDEMIA, …
Advance Market Analytics added research publication document on Worldwide Biometric Workforce Management Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Biometric Workforce Management market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2022 which is estimated and forecasted till…
Biometric ATM Market Growing Penetration and Adoption of Voice Biometric Solutio …
The global biometric ATM market size is expected to be valued at US$ 1,960.5 million in 2022 and grow at a CAGR of 30.3% over the forecast period. Biometric ATMs are self-service automated teller machines (ATMs), or cash machines, that use a biometric measure to identify customers and allow them to withdraw cash. Biometric authentication may be the only customer identifier used, or it may be used in conjunction with…
