Increasing penetration of internet, adoption of smart devices, number of mobile transactions and digitalization witnessed across the globe, especially in developed and developing countries such as the U.S., the U.K., India, China, Germany, Japan etc. has led to a transition into the mode of payment as well.
Thus, the transition and affinity towards the adoption of online payments or digital payments is correspondingly increasing the adoption of digital payment methods such as biometric payments. Besides this, the enhanced security offered by biometric payment terminals is also a factor impelling the demand of Biometric Payment Market.
This, as a result, acts as a major driver for the global biometric payments market. Increasing application of biometric payment terminals in BFSI industry vertical is the major area of application of the same and is, thus, contributing the maximum in the global biometric payments market.
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Biometric Payment Market: Segmentation
Global biometric payment market can be segmented on the basis of mode of payment, industry vertical, and region.
Segmentation for Biometric Payment market by mode of payment:
On the basis of mode of payment, the biometric payment market can be segmented as:
- Smartphone/Tablet
- Biometric/Smart Cards
- Others
Segmentation for Biometric Payment market by Industry Vertical:
On the basis of industry vertical, the biometric payment market can be segmented as:
- BFSI
- Hospitality
- Industrial
- Retail
- Others
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Provided for Major Regions as Follows:-
North America (USA, Canada and Mexico)
Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, rest of countries, etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria, and South Africa)
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Biometric Payment Market: Key Players
Some of the key players in the biometric payment market are NXP Semiconductors, Precise Biometrics, ZWIPE, Linxens, CardLab, IDEMIA, Kona I, Gemalto NV, and various others.
Biometric payment market is still in a millennial stage and is witnessing the emergence and establishments of various new entrants in the market.
Key Data Points Covered in the Report :-
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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