Global Biometrics in BFSI Market Size, Status and Forecast 2019-2025

Published On: Jun 2019

Format: PDF

Publisher: QY Research

Pages: 92

Report ID: 1534

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.
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 2018, 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 2019-2025.

This report focuses on the global Biometrics in BFSI status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Biometrics in BFSI development in United States, Europe and China.

The key players covered in this study
Cross Match Technologies
Fujitsu
HID Global
M2SYS
Safran
...

Market segment by Type, the product can be split into
Voice Recognition
Vein Recognition
Iris Recognition
Facial Recognition
Fingerprint Identification

Market segment by Application, split into
Door Security
Log-In Management for PCs
Log-In Management for ATMs
Log-In Management for POS Terminals
Log-In Management for Banking

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Biometrics in BFSI status, future forecast, growth opportunity, key market and key players.
To present the Biometrics in BFSI development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Biometrics in BFSI are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Biometrics in BFSI Market Size Growth Rate by Type (2014-2025)
1.4.2 Voice Recognition
1.4.3 Vein Recognition
1.4.4 Iris Recognition
1.4.5 Facial Recognition
1.4.6 Fingerprint Identification
1.5 Market by Application
1.5.1 Global Biometrics in BFSI Market Share by Application (2014-2025)
1.5.2 Door Security
1.5.3 Log-In Management for PCs
1.5.4 Log-In Management for ATMs
1.5.5 Log-In Management for POS Terminals
1.5.6 Log-In Management for Banking
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Biometrics in BFSI Market Size
2.2 Biometrics in BFSI Growth Trends by Regions
2.2.1 Biometrics in BFSI Market Size by Regions (2014-2025)
2.2.2 Biometrics in BFSI Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players
3.1 Biometrics in BFSI Market Size by Manufacturers
3.1.1 Global Biometrics in BFSI Revenue by Manufacturers (2014-2019)
3.1.2 Global Biometrics in BFSI Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Biometrics in BFSI Market Concentration Ratio (CR5 and HHI)
3.2 Biometrics in BFSI Key Players Head office and Area Served
3.3 Key Players Biometrics in BFSI Product/Solution/Service
3.4 Date of Enter into Biometrics in BFSI Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application
4.1 Global Biometrics in BFSI Market Size by Type (2014-2019)
4.2 Global Biometrics in BFSI Market Size by Application (2014-2019)

5 United States
5.1 United States Biometrics in BFSI Market Size (2014-2019)
5.2 Biometrics in BFSI Key Players in United States
5.3 United States Biometrics in BFSI Market Size by Type
5.4 United States Biometrics in BFSI Market Size by Application

6 Europe
6.1 Europe Biometrics in BFSI Market Size (2014-2019)
6.2 Biometrics in BFSI Key Players in Europe
6.3 Europe Biometrics in BFSI Market Size by Type
6.4 Europe Biometrics in BFSI Market Size by Application

7 China
7.1 China Biometrics in BFSI Market Size (2014-2019)
7.2 Biometrics in BFSI Key Players in China
7.3 China Biometrics in BFSI Market Size by Type
7.4 China Biometrics in BFSI Market Size by Application

8 Japan
8.1 Japan Biometrics in BFSI Market Size (2014-2019)
8.2 Biometrics in BFSI Key Players in Japan
8.3 Japan Biometrics in BFSI Market Size by Type
8.4 Japan Biometrics in BFSI Market Size by Application

9 Southeast Asia
9.1 Southeast Asia Biometrics in BFSI Market Size (2014-2019)
9.2 Biometrics in BFSI Key Players in Southeast Asia
9.3 Southeast Asia Biometrics in BFSI Market Size by Type
9.4 Southeast Asia Biometrics in BFSI Market Size by Application

10 India
10.1 India Biometrics in BFSI Market Size (2014-2019)
10.2 Biometrics in BFSI Key Players in India
10.3 India Biometrics in BFSI Market Size by Type
10.4 India Biometrics in BFSI Market Size by Application

11 Central & South America
11.1 Central & South America Biometrics in BFSI Market Size (2014-2019)
11.2 Biometrics in BFSI Key Players in Central & South America
11.3 Central & South America Biometrics in BFSI Market Size by Type
11.4 Central & South America Biometrics in BFSI Market Size by Application

12 International Players Profiles
12.1 Cross Match Technologies
12.1.1 Cross Match Technologies Company Details
12.1.2 Company Description and Business Overview
12.1.3 Biometrics in BFSI Introduction
12.1.4 Cross Match Technologies Revenue in Biometrics in BFSI Business (2014-2019)
12.1.5 Cross Match Technologies Recent Development
12.2 Fujitsu
12.2.1 Fujitsu Company Details
12.2.2 Company Description and Business Overview
12.2.3 Biometrics in BFSI Introduction
12.2.4 Fujitsu Revenue in Biometrics in BFSI Business (2014-2019)
12.2.5 Fujitsu Recent Development
12.3 HID Global
12.3.1 HID Global Company Details
12.3.2 Company Description and Business Overview
12.3.3 Biometrics in BFSI Introduction
12.3.4 HID Global Revenue in Biometrics in BFSI Business (2014-2019)
12.3.5 HID Global Recent Development
12.4 M2SYS
12.4.1 M2SYS Company Details
12.4.2 Company Description and Business Overview
12.4.3 Biometrics in BFSI Introduction
12.4.4 M2SYS Revenue in Biometrics in BFSI Business (2014-2019)
12.4.5 M2SYS Recent Development
12.5 Safran
12.5.1 Safran Company Details
12.5.2 Company Description and Business Overview
12.5.3 Biometrics in BFSI Introduction
12.5.4 Safran Revenue in Biometrics in BFSI Business (2014-2019)
12.5.5 Safran Recent Development

13 Market Forecast 2019-2025
13.1 Market Size Forecast by Regions
13.2 United States
13.3 Europe
13.4 China
13.5 Japan
13.6 Southeast Asia
13.7 India
13.8 Central & South America
13.9 Market Size Forecast by Product (2019-2025)
13.10 Market Size Forecast by Application (2019-2025)

14 Analyst's Viewpoints/Conclusions

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details