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Biometric Point-of-Sale Terminals Market Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Bitel Co, KEMP Technologies, CROSSMATCH

31 Mar, 2022 | 165 Pages
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The global market for Biometric Point-of-Sale Terminals is expected to register a CAGR of more than 36.6% during the forecast period 2022-2027.



Biometric Point-of-Sale Terminals Market Overview



Biometrics technology is used for identification and authentication of people with the help of their biological and behavioral characteristics. An employee is asked for his user ID as soon as he logs into the retail PoS system. However, without typing in his password, he can simply scan his finger on the biometric fingerprint reader. Every time an employee tries to access a password-protected area, he is required to scan his finger. This leads to increased accountability, which ensures protection from accidental and intentional damage to the company’s data.Based on technology, fingerprint identification, iris-retina scan recognition, palm-vein identification, iris recognition, voice recognition, and facial recognition are the segments of the global market for biometric point-of-sale terminals. Of these, fingerprint identification has been dominating the market. The prominence of this segment can be attributed to the convenience, ease of access, and high accuracy offered by this technology. 



Who are the Major Players in Biometric Point-of-Sale Terminals Market?



The Biometric Point-of-Sale Terminals Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Bitel Co, KEMP Technologies, CROSSMATCH, Fujitsu, M2SYS Technology, Dermalog Identification Systems GmbH, Biyo Bright Co, Ingenico Group, Danal and others.



Recent Developments



M2SYS Technology, Aware Inc., Fulcrum Biometrics LLC, and Leidos Holdings Inc. are some of the prominent players in the market. Various initiatives and product innovations, which are being done by companies, have led them to strengthen their presence in the market. 



What are the major Applications, Types and Regions for Biometric Point-of-Sale Terminals Market?



Biometric Point-of-Sale Terminals Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  •     Fingerprint Identification

  •     Palm-Vein Identification

  •     Facial Recognition

  •     Voice Identification

  •     Others



By Applications it is segmented into




  •     Healthcare

  •     Retail

  •     Finance & Banking

  •     Others



Biometric Point-of-Sale Terminals Market Regional Analysis



Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further divided into nations such as U.S., and Canada. The Europe region is further considered into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further alienated into GCC, Turkey, South Africa, and Rest of MEA.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Biometric Point-of-Sale Terminals Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Biometric Point-of-Sale Terminals Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Biometric Point-of-Sale Terminals Market report scope?



Scope of the Report covers Biometric Point-of-Sale Terminals Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Biometric Point-of-Sale Terminals Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.























































Report Attributes



Report Details



Forecast Period 2022 to 2028 CAGR



CAGR of 36.6% during the review period (2022 to 2027).



By Type



 




  • Fingerprint Identification

  •     Palm-Vein Identification

  •     Facial Recognition

  •     Voice Identification

  •     Others



 



 



By Application




  •  Healthcare

  •     Retail

  •     Finance & Banking

  •     Others



By Companies



Bitel Co, KEMP Technologies, CROSSMATCH, Fujitsu, M2SYS Technology, Dermalog Identification Systems GmbH,



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



      165



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Growth factors for Biometric Point of sale Terminals Market:




  • Rising demand for safety and suitability among Point-of-sale terminal users.

  • Growing approval of biometric detection technology in the field of applied sciences, which is likely to open up new markets with needs such as human ID, patient diagnosis (in hospitals), and crime anticipation.

  •  Increasing the approval rate of smart cities visions globally will improve client skill by reducing time spent at stations during the register course.



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.



Frequently Asked Question-



What is the study period of this market?



The biometric-point-of-sale-terminals-market is studied from 2020-2027.



What is the growth rate of biometric-point-of-sale-terminals-market?



The biometric-point-of-sale-terminals-market is growing at a CAGR of 36.6% over the next 5 years.



Who are the key players in biometric-point-of-sale-terminals-market?



Bitel Co, KEMP Technologies, CROSSMATCH, Fujitsu, M2SYS Technology, Dermalog Identification Systems GmbH,



What regions does this biometric-point-of-sale-terminals-market report covers?



North America (US, Canada)



Europe (Germany, France, UK, Italy, Spain, Rest of Europe)



Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)



Rest of the World (Middle East & Africa, Latin America)



What are the significant types of biometric-point-of-sale-terminals-market ?



Fingerprint Identification, Palm-Vein Identification, Facial Recognition, Voice Identification, Others



What are the major end-use applications of biometric-point-of-sale-terminals-market?



Retail, Finance & Banking, Others


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH

      4. RESEARCH FLOW





  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL BIOMETRIC POINT-OF-SALE TERMINALS MARKET BY TYPES

    3. GLOBAL BIOMETRIC POINT-OF-SALE TERMINALS MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR BIOMETRIC POINT-OF-SALE TERMINALS



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. BIOMETRIC POINT-OF-SALE TERMINALS GROWTH

      2. APPLICATION OF BIOMETRIC POINT-OF-SALE TERMINALS



    4. IMPACT OF COVID 19



  5. GLOBAL BIOMETRIC POINT-OF-SALE TERMINALS MARKET, BY TYPES

    1.     Introduction

    2.     Fingerprint Identification

    3.     Palm-Vein Identification

    4.     Facial Recognition

    5.     Voice Identification

    6.     Others             



  6. GLOBAL BIOMETRIC POINT-OF-SALE TERMINALS MARKET, BY APPLICATION

    1.     Introduction

    2.     Healthcare

    3.     Retail

    4.     Finance & Banking

    5.     Others   



  7. GLOBAL BIOMETRIC POINT-OF-SALE TERMINALS MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Bitel Co,

      2. KEMP Technologies,

      3. CROSSMATCH,

      4. Fujitsu,

      5. M2SYS Technology,

      6. Dermalog Identification Systems GmbH,

      7. Biyo Bright Co,

      8. Ingenico Group, Danal





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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