Biometric POS Terminals Market Scope and Size by 2031
A biometric point of sale (POS) machine is an electronic device that combines biometric technology for personal information confirmation or additional payment behavior. For instance, fingerprint recognition, face recognition, palm recognition, iris recognition, voice recognition, etc. are used by biometric technology.
MARKET DYNAMICS
The growing need for security among businesses is one of the major factors driving the growth of the biometric POS terminal market, while demand for improved identification technologies is growing exponentially. Furthermore, the continuous progress and mass penetration of biometric technologies into consumer devices are two factors that are driving the growth of the market for biometric technologies. Also, biometrics technologies are widely used for single-factor and multi-factor authentication to provide enhanced security and accuracy in healthcare, military & defense, banking and finance, government, and consumer electronics.
MARKET SCOPE
The -Global Biometric POS Terminals Market Analysis To 2031- is a specialized and in-depth study with a special focus on the global market trend analysis. The biometric POS terminals market report aims to provide an overview of the biometric POS terminals market with detailed market segmentation by voltage, power rating, end user, and geography. The global biometric POS terminals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biometric POS terminals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biometric POS terminals market is segmented on the basis of type, end user, and geography. Based on type, the biometric POS terminals market is segmented into: Fingerprint Identification, Facial Recognition, Iris Recognition, Others. On the basis of power end-user, the market is segmented into: BFSI, Hospitality, Media and Entertainment, Retail, Other End Users.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biometric POS terminals market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The biometric POS terminals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trends and opportunities prevailing in various regions.
The report analyzes factors affecting the biometric POS terminals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the biometric POS terminals market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biometric POS terminals market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The biometric POS terminals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trends and opportunities prevailing in various regions.
The report analyzes factors affecting the biometric POS terminals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the biometric POS terminals market in these regions.
MARKET PLAYERS
The reports cover key developments in the biometric POS terminals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from biometric POS terminals market are anticipated to lucrative growth opportunities in the future. Below mentioned is the list of few companies engaged in the biometric POS terminals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biometric POS terminals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aratek
- BIYO LLC
- Chongqing Huifan Technology Co., Ltd.
- DERMALOG Identification Systems GmbH
- Feigete Intelligent Technology Co., Limited
- FUJITSU
- Ingenico
- M2SYS Technology
- Mantra Softech (India) Pvt. Ltd.
- Telepower Communication Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Biometric POS Terminals Market - By Type
1.3.2 Biometric POS Terminals Market - By End User
1.3.3 Biometric POS Terminals Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIOMETRIC POS TERMINALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. BIOMETRIC POS TERMINALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BIOMETRIC POS TERMINALS MARKET - GLOBAL MARKET ANALYSIS
6.1. BIOMETRIC POS TERMINALS - GLOBAL MARKET OVERVIEW
6.2. BIOMETRIC POS TERMINALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BIOMETRIC POS TERMINALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FINGERPRINT RECOGNITION
7.3.1. Overview
7.3.2. Fingerprint Recognition Market Forecast and Analysis
7.4. FACIAL RECOGNITION
7.4.1. Overview
7.4.2. Facial Recognition Market Forecast and Analysis
7.5. IRIS RECOGNITION
7.5.1. Overview
7.5.2. Iris Recognition Market Forecast and Analysis
7.6. OTHER TYPES
7.6.1. Overview
7.6.2. Other Types Market Forecast and Analysis
8. BIOMETRIC POS TERMINALS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. HOSPITALITY
8.4.1. Overview
8.4.2. Hospitality Market Forecast and Analysis
8.5. MEDIA AND ENTERTAINMENT
8.5.1. Overview
8.5.2. Media and Entertainment Market Forecast and Analysis
8.6. RETAIL
8.6.1. Overview
8.6.2. Retail Market Forecast and Analysis
8.7. OTHER END USERS
8.7.1. Overview
8.7.2. Other End Users Market Forecast and Analysis
9. BIOMETRIC POS TERMINALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Biometric POS Terminals Market Overview
9.1.2 North America Biometric POS Terminals Market Forecasts and Analysis
9.1.3 North America Biometric POS Terminals Market Forecasts and Analysis - By Type
9.1.4 North America Biometric POS Terminals Market Forecasts and Analysis - By End User
9.1.5 North America Biometric POS Terminals Market Forecasts and Analysis - By Countries
9.1.5.1 United States Biometric POS Terminals Market
9.1.5.1.1 United States Biometric POS Terminals Market by Type
9.1.5.1.2 United States Biometric POS Terminals Market by End User
9.1.5.2 Canada Biometric POS Terminals Market
9.1.5.2.1 Canada Biometric POS Terminals Market by Type
9.1.5.2.2 Canada Biometric POS Terminals Market by End User
9.1.5.3 Mexico Biometric POS Terminals Market
9.1.5.3.1 Mexico Biometric POS Terminals Market by Type
9.1.5.3.2 Mexico Biometric POS Terminals Market by End User
9.2. EUROPE
9.2.1 Europe Biometric POS Terminals Market Overview
9.2.2 Europe Biometric POS Terminals Market Forecasts and Analysis
9.2.3 Europe Biometric POS Terminals Market Forecasts and Analysis - By Type
9.2.4 Europe Biometric POS Terminals Market Forecasts and Analysis - By End User
9.2.5 Europe Biometric POS Terminals Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Biometric POS Terminals Market
9.2.5.1.1 Germany Biometric POS Terminals Market by Type
9.2.5.1.2 Germany Biometric POS Terminals Market by End User
9.2.5.2 France Biometric POS Terminals Market
9.2.5.2.1 France Biometric POS Terminals Market by Type
9.2.5.2.2 France Biometric POS Terminals Market by End User
9.2.5.3 Italy Biometric POS Terminals Market
9.2.5.3.1 Italy Biometric POS Terminals Market by Type
9.2.5.3.2 Italy Biometric POS Terminals Market by End User
9.2.5.4 United Kingdom Biometric POS Terminals Market
9.2.5.4.1 United Kingdom Biometric POS Terminals Market by Type
9.2.5.4.2 United Kingdom Biometric POS Terminals Market by End User
9.2.5.5 Russia Biometric POS Terminals Market
9.2.5.5.1 Russia Biometric POS Terminals Market by Type
9.2.5.5.2 Russia Biometric POS Terminals Market by End User
9.2.5.6 Rest of Europe Biometric POS Terminals Market
9.2.5.6.1 Rest of Europe Biometric POS Terminals Market by Type
9.2.5.6.2 Rest of Europe Biometric POS Terminals Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Biometric POS Terminals Market Overview
9.3.2 Asia-Pacific Biometric POS Terminals Market Forecasts and Analysis
9.3.3 Asia-Pacific Biometric POS Terminals Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Biometric POS Terminals Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Biometric POS Terminals Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Biometric POS Terminals Market
9.3.5.1.1 Australia Biometric POS Terminals Market by Type
9.3.5.1.2 Australia Biometric POS Terminals Market by End User
9.3.5.2 China Biometric POS Terminals Market
9.3.5.2.1 China Biometric POS Terminals Market by Type
9.3.5.2.2 China Biometric POS Terminals Market by End User
9.3.5.3 India Biometric POS Terminals Market
9.3.5.3.1 India Biometric POS Terminals Market by Type
9.3.5.3.2 India Biometric POS Terminals Market by End User
9.3.5.4 Japan Biometric POS Terminals Market
9.3.5.4.1 Japan Biometric POS Terminals Market by Type
9.3.5.4.2 Japan Biometric POS Terminals Market by End User
9.3.5.5 South Korea Biometric POS Terminals Market
9.3.5.5.1 South Korea Biometric POS Terminals Market by Type
9.3.5.5.2 South Korea Biometric POS Terminals Market by End User
9.3.5.6 Rest of Asia-Pacific Biometric POS Terminals Market
9.3.5.6.1 Rest of Asia-Pacific Biometric POS Terminals Market by Type
9.3.5.6.2 Rest of Asia-Pacific Biometric POS Terminals Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Biometric POS Terminals Market Overview
9.4.2 Middle East and Africa Biometric POS Terminals Market Forecasts and Analysis
9.4.3 Middle East and Africa Biometric POS Terminals Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Biometric POS Terminals Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Biometric POS Terminals Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Biometric POS Terminals Market
9.4.5.1.1 South Africa Biometric POS Terminals Market by Type
9.4.5.1.2 South Africa Biometric POS Terminals Market by End User
9.4.5.2 Saudi Arabia Biometric POS Terminals Market
9.4.5.2.1 Saudi Arabia Biometric POS Terminals Market by Type
9.4.5.2.2 Saudi Arabia Biometric POS Terminals Market by End User
9.4.5.3 U.A.E Biometric POS Terminals Market
9.4.5.3.1 U.A.E Biometric POS Terminals Market by Type
9.4.5.3.2 U.A.E Biometric POS Terminals Market by End User
9.4.5.4 Rest of Middle East and Africa Biometric POS Terminals Market
9.4.5.4.1 Rest of Middle East and Africa Biometric POS Terminals Market by Type
9.4.5.4.2 Rest of Middle East and Africa Biometric POS Terminals Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Biometric POS Terminals Market Overview
9.5.2 South and Central America Biometric POS Terminals Market Forecasts and Analysis
9.5.3 South and Central America Biometric POS Terminals Market Forecasts and Analysis - By Type
9.5.4 South and Central America Biometric POS Terminals Market Forecasts and Analysis - By End User
9.5.5 South and Central America Biometric POS Terminals Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Biometric POS Terminals Market
9.5.5.1.1 Brazil Biometric POS Terminals Market by Type
9.5.5.1.2 Brazil Biometric POS Terminals Market by End User
9.5.5.2 Argentina Biometric POS Terminals Market
9.5.5.2.1 Argentina Biometric POS Terminals Market by Type
9.5.5.2.2 Argentina Biometric POS Terminals Market by End User
9.5.5.3 Rest of South and Central America Biometric POS Terminals Market
9.5.5.3.1 Rest of South and Central America Biometric POS Terminals Market by Type
9.5.5.3.2 Rest of South and Central America Biometric POS Terminals Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BIOMETRIC POS TERMINALS MARKET, KEY COMPANY PROFILES
11.1. ARATEK
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BIYO LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHONGQING HUIFAN TECHNOLOGY CO., LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DERMALOG IDENTIFICATION SYSTEMS GMBH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FEIGETE INTELLIGENT TECHNOLOGY CO., LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FUJITSU
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INGENICO
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. M2SYS TECHNOLOGY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MANTRA SOFTECH (INDIA) PVT. LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TELEPOWER COMMUNICATION CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aratek
2. BIYO LLC
3. Chongqing Huifan Technology Co., Ltd.
4. DERMALOG Identification Systems GmbH
5. Feigete Intelligent Technology Co., Limited
6. FUJITSU
7. Ingenico
8. M2SYS Technology
9. Mantra Softech (India) Pvt. Ltd.
10. Telepower Communication Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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