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(MoneyNewsWire.Net, August 27, 2018 ) Global Biometrics in BFSI Market Size Status and Forecast 2025
This report studies the global Biometrics in BFSI market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Biometrics in BFSI market by companies, region, type and end-use industry.
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Companies Profiled in this report includes: Cross Match Technologies, Fujitsu, HID Global, M2SYS, Safran
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.
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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.
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.
The study objectives of this report are:
To study and forecast the market size of Biometrics in BFSI in global market.
To analyze 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 analyze 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 analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Content:
Global Biometrics in BFSI Market Size, Status and Forecast 2025
1 Industry Overview of Biometrics in BFSI
2 Global Biometrics in BFSI Competition Analysis by Players
3 Company (Top Players) Profiles
3.1 Cross Match Technologies
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Biometrics in BFSI Revenue (Million USD) (2013-2018)
3.2 Fujitsu
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Biometrics in BFSI Revenue (Million USD) (2013-2018)
3.3 HID Global
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Biometrics in BFSI Revenue (Million USD) (2013-2018)
4 Global Biometrics in BFSI Market Size by Type and Application (2013-2018)
5 United States Biometrics in BFSI Development Status and Outlook
6 Europe Biometrics in BFSI Development Status and Outlook
7 China Biometrics in BFSI Development Status and Outlook
8 Japan Biometrics in BFSI Development Status and Outlook
9 Southeast Asia Biometrics in BFSI Development Status and Outlook
10 India Biometrics in BFSI Development Status and Outlook
11 Market Forecast by Regions, Type and Application (2018-2025)
12 Biometrics in BFSI Market Dynamics
13 Market Effect Factors Analysis
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