Summary
WiseGuyReports.com adds "Biometrics in BFSI Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024" reports to its database.
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.
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
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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.
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Major Key Points in Table of Content
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
.....
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
Continued….
