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.
This report aims to provide a comprehensive presentation of the global market for Biometrics in BFSI, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biometrics in BFSI. This report contains market size and forecasts of Biometrics in BFSI in global, including the following market information:
Global Biometrics in BFSI Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Biometrics in BFSI market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Biometrics in BFSI companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Biometrics in BFSI Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Biometrics in BFSI Market Segment Percentages, by Type, 2022 (%)
Voice Recognition
Vein Recognition
Iris Recognition
Facial Recognition
Fingerprint Identification
Global Biometrics in BFSI Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Biometrics in BFSI Market Segment Percentages, by Application, 2022 (%)
Door Security
Log-In Management for PCs
Log-In Management for ATMs
Log-In Management for POS Terminals
Log-In Management for Banking
Global Biometrics in BFSI Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Biometrics in BFSI Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Biometrics in BFSI revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Biometrics in BFSI revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Cross Match Technologies
Fujitsu
HID Global
M2SYS
Safran
Outline of Major Chapters:
Chapter 1: Introduces the definition of Biometrics in BFSI, market overview.
Chapter 2: Global Biometrics in BFSI market size in revenue.
Chapter 3: Detailed analysis of Biometrics in BFSI company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Biometrics in BFSI in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Biometrics in BFSI Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Biometrics in BFSI Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Biometrics in BFSI Overall Market Size
2.1 Global Biometrics in BFSI Market Size: 2022 VS 2032
2.2 Global Biometrics in BFSI Market Size, Prospects & Forecasts: 2018-2032
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Biometrics in BFSI Players in Global Market
3.2 Top Global Biometrics in BFSI Companies Ranked by Revenue
3.3 Global Biometrics in BFSI Revenue by Companies
3.4 Top 3 and Top 5 Biometrics in BFSI Companies in Global Market, by Revenue in 2022
3.5 Global Companies Biometrics in BFSI Product Type
3.6 Tier 1, Tier 2 and Tier 3 Biometrics in BFSI Players in Global Market
3.6.1 List of Global Tier 1 Biometrics in BFSI Companies
3.6.2 List of Global Tier 2 and Tier 3 Biometrics in BFSI Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Biometrics in BFSI Market Size Markets, 2022 & 2032
4.1.2 Voice Recognition
4.1.3 Vein Recognition
4.1.4 Iris Recognition
4.1.5 Facial Recognition
4.1.6 Fingerprint Identification
4.2 By Type - Global Biometrics in BFSI Revenue & Forecasts
4.2.1 By Type - Global Biometrics in BFSI Revenue, 2018-2023
4.2.2 By Type - Global Biometrics in BFSI Revenue, 2024-2032
4.2.3 By Type - Global Biometrics in BFSI Revenue Market Share, 2018-2032
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Biometrics in BFSI Market Size, 2022 & 2032
5.1.2 Door Security
5.1.3 Log-In Management for PCs
5.1.4 Log-In Management for ATMs
5.1.5 Log-In Management for POS Terminals
5.1.6 Log-In Management for Banking
5.2 By Application - Global Biometrics in BFSI Revenue & Forecasts
5.2.1 By Application - Global Biometrics in BFSI Revenue, 2018-2023
5.2.2 By Application - Global Biometrics in BFSI Revenue, 2024-2032
5.2.3 By Application - Global Biometrics in BFSI Revenue Market Share, 2018-2032
6 Sights by Region
6.1 By Region - Global Biometrics in BFSI Market Size, 2022 & 2032
6.2 By Region - Global Biometrics in BFSI Revenue & Forecasts
6.2.1 By Region - Global Biometrics in BFSI Revenue, 2018-2023
6.2.2 By Region - Global Biometrics in BFSI Revenue, 2024-2032
6.2.3 By Region - Global Biometrics in BFSI Revenue Market Share, 2018-2032
6.3 North America
6.3.1 By Country - North America Biometrics in BFSI Revenue, 2018-2032
6.3.2 US Biometrics in BFSI Market Size, 2018-2032
6.3.3 Canada Biometrics in BFSI Market Size, 2018-2032
6.3.4 Mexico Biometrics in BFSI Market Size, 2018-2032
6.4 Europe
6.4.1 By Country - Europe Biometrics in BFSI Revenue, 2018-2032
6.4.2 Germany Biometrics in BFSI Market Size, 2018-2032
6.4.3 France Biometrics in BFSI Market Size, 2018-2032
6.4.4 U.K. Biometrics in BFSI Market Size, 2018-2032
6.4.5 Italy Biometrics in BFSI Market Size, 2018-2032
6.4.6 Russia Biometrics in BFSI Market Size, 2018-2032
6.4.7 Nordic Countries Biometrics in BFSI Market Size, 2018-2032
6.4.8 Benelux Biometrics in BFSI Market Size, 2018-2032
6.5 Asia
6.5.1 By Region - Asia Biometrics in BFSI Revenue, 2018-2032
6.5.2 China Biometrics in BFSI Market Size, 2018-2032
6.5.3 Japan Biometrics in BFSI Market Size, 2018-2032
6.5.4 South Korea Biometrics in BFSI Market Size, 2018-2032
6.5.5 Southeast Asia Biometrics in BFSI Market Size, 2018-2032
6.5.6 India Biometrics in BFSI Market Size, 2018-2032
6.6 South America
6.6.1 By Country - South America Biometrics in BFSI Revenue, 2018-2032
6.6.2 Brazil Biometrics in BFSI Market Size, 2018-2032
6.6.3 Argentina Biometrics in BFSI Market Size, 2018-2032
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Biometrics in BFSI Revenue, 2018-2032
6.7.2 Turkey Biometrics in BFSI Market Size, 2018-2032
6.7.3 Israel Biometrics in BFSI Market Size, 2018-2032
6.7.4 Saudi Arabia Biometrics in BFSI Market Size, 2018-2032
6.7.5 UAE Biometrics in BFSI Market Size, 2018-2032
7 Biometrics in BFSI Companies Profiles
7.1 Cross Match Technologies
7.1.1 Cross Match Technologies Company Summary
7.1.2 Cross Match Technologies Business Overview
7.1.3 Cross Match Technologies Biometrics in BFSI Major Product Offerings
7.1.4 Cross Match Technologies Biometrics in BFSI Revenue in Global Market (2018-2023)
7.1.5 Cross Match Technologies Key News & Latest Developments
7.2 Fujitsu
7.2.1 Fujitsu Company Summary
7.2.2 Fujitsu Business Overview
7.2.3 Fujitsu Biometrics in BFSI Major Product Offerings
7.2.4 Fujitsu Biometrics in BFSI Revenue in Global Market (2018-2023)
7.2.5 Fujitsu Key News & Latest Developments
7.3 HID Global
7.3.1 HID Global Company Summary
7.3.2 HID Global Business Overview
7.3.3 HID Global Biometrics in BFSI Major Product Offerings
7.3.4 HID Global Biometrics in BFSI Revenue in Global Market (2018-2023)
7.3.5 HID Global Key News & Latest Developments
7.4 M2SYS
7.4.1 M2SYS Company Summary
7.4.2 M2SYS Business Overview
7.4.3 M2SYS Biometrics in BFSI Major Product Offerings
7.4.4 M2SYS Biometrics in BFSI Revenue in Global Market (2018-2023)
7.4.5 M2SYS Key News & Latest Developments
7.5 Safran
7.5.1 Safran Company Summary
7.5.2 Safran Business Overview
7.5.3 Safran Biometrics in BFSI Major Product Offerings
7.5.4 Safran Biometrics in BFSI Revenue in Global Market (2018-2023)
7.5.5 Safran Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Biometrics in BFSI Market Opportunities & Trends in Global Market
Table 2. Biometrics in BFSI Market Drivers in Global Market
Table 3. Biometrics in BFSI Market Restraints in Global Market
Table 4. Key Players of Biometrics in BFSI in Global Market
Table 5. Top Biometrics in BFSI Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Biometrics in BFSI Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Biometrics in BFSI Revenue Share by Companies, 2018-2023
Table 8. Global Companies Biometrics in BFSI Product Type
Table 9. List of Global Tier 1 Biometrics in BFSI Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Biometrics in BFSI Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Biometrics in BFSI Revenue, (US$, Mn), 2022 & 2032
Table 12. By Type - Biometrics in BFSI Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Biometrics in BFSI Revenue in Global (US$, Mn), 2024-2032
Table 14. By Application ? Global Biometrics in BFSI Revenue, (US$, Mn), 2022 & 2032
Table 15. By Application - Biometrics in BFSI Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Biometrics in BFSI Revenue in Global (US$, Mn), 2024-2032
Table 17. By Region ? Global Biometrics in BFSI Revenue, (US$, Mn), 2022 & 2032
Table 18. By Region - Global Biometrics in BFSI Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Biometrics in BFSI Revenue (US$, Mn), 2024-2032
Table 20. By Country - North America Biometrics in BFSI Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Biometrics in BFSI Revenue, (US$, Mn), 2024-2032
Table 22. By Country - Europe Biometrics in BFSI Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Biometrics in BFSI Revenue, (US$, Mn), 2024-2032
Table 24. By Region - Asia Biometrics in BFSI Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Biometrics in BFSI Revenue, (US$, Mn), 2024-2032
Table 26. By Country - South America Biometrics in BFSI Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Biometrics in BFSI Revenue, (US$, Mn), 2024-2032
Table 28. By Country - Middle East & Africa Biometrics in BFSI Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Biometrics in BFSI Revenue, (US$, Mn), 2024-2032
Table 30. Cross Match Technologies Company Summary
Table 31. Cross Match Technologies Biometrics in BFSI Product Offerings
Table 32. Cross Match Technologies Biometrics in BFSI Revenue (US$, Mn) & (2018-2023)
Table 33. Cross Match Technologies Key News & Latest Developments
Table 34. Fujitsu Company Summary
Table 35. Fujitsu Biometrics in BFSI Product Offerings
Table 36. Fujitsu Biometrics in BFSI Revenue (US$, Mn) & (2018-2023)
Table 37. Fujitsu Key News & Latest Developments
Table 38. HID Global Company Summary
Table 39. HID Global Biometrics in BFSI Product Offerings
Table 40. HID Global Biometrics in BFSI Revenue (US$, Mn) & (2018-2023)
Table 41. HID Global Key News & Latest Developments
Table 42. M2SYS Company Summary
Table 43. M2SYS Biometrics in BFSI Product Offerings
Table 44. M2SYS Biometrics in BFSI Revenue (US$, Mn) & (2018-2023)
Table 45. M2SYS Key News & Latest Developments
Table 46. Safran Company Summary
Table 47. Safran Biometrics in BFSI Product Offerings
Table 48. Safran Biometrics in BFSI Revenue (US$, Mn) & (2018-2023)
Table 49. Safran Key News & Latest Developments
List of Figures
Figure 1. Biometrics in BFSI Segment by Type in 2022
Figure 2. Biometrics in BFSI Segment by Application in 2022
Figure 3. Global Biometrics in BFSI Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Biometrics in BFSI Market Size: 2022 VS 2032 (US$, Mn)
Figure 6. Global Biometrics in BFSI Revenue, 2018-2032 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Biometrics in BFSI Revenue in 2022
Figure 8. By Type - Global Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 9. By Application - Global Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 10. By Type - Global Biometrics in BFSI Revenue, (US$, Mn), 2022 & 2032
Figure 11. By Type - Global Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 12. By Application - Global Biometrics in BFSI Revenue, (US$, Mn), 2022 & 2032
Figure 13. By Application - Global Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 14. By Region - Global Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 15. By Country - North America Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 16. US Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 17. Canada Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 18. Mexico Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 19. By Country - Europe Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 20. Germany Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 21. France Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 22. U.K. Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 23. Italy Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 24. Russia Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 25. Nordic Countries Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 26. Benelux Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 27. By Region - Asia Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 28. China Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 29. Japan Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 30. South Korea Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 31. Southeast Asia Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 32. India Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 33. By Country - South America Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 34. Brazil Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 35. Argentina Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 36. By Country - Middle East & Africa Biometrics in BFSI Revenue Market Share, 2018-2032
Figure 37. Turkey Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 38. Israel Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 39. Saudi Arabia Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 40. UAE Biometrics in BFSI Revenue, (US$, Mn), 2018-2032
Figure 41. Cross Match Technologies Biometrics in BFSI Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Fujitsu Biometrics in BFSI Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. HID Global Biometrics in BFSI Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. M2SYS Biometrics in BFSI Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Safran Biometrics in BFSI Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
