Facts and Factors Market Research has published a new report titled “Biometric Payment Market By Component (Hardware and Software), By Technology (Fingerprint Biometric, Iris Biometric, Face Biometric, Voice Biometric, Heart Biometric, and Other Biometric), and By Vertical (Government, Automobile, Retail, Banking, Financial Services and Insurance (BFSI), and Food & Beverages): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”.
According to the report, the global biometric payment market was valued at approximately USD 4,359 million in 2018 and is expected to reach a value of around USD 22,660 million by 2027, at a CAGR of around 20.1% between 2019 and 2027.
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This market research report on global Online Billing and Provisioning Software market analyzes the growth prospects for the key vendors operating in this market space including : Fingerprint Cards, IDEMIA, Precise Biometrics, Cognitec, iProov, Aware Inc., Gemalto, HID Global, IDEX, Nymi, Zwipe, and FingoPay.
Hardware segment to register highest CAGR over the forecast period
Hardware segment, which accumulated nearly USD 1,880 million in 2018, is predicted to record a growth rate of about 20.6% during the forecast timeline. The growth of the segment can be attributed to the growing use of hardware in the biometric authentication process.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the biometric payment market by segmenting the market based on the component, technology, vertical, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Points Covered in The Report:
- The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors, etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2025.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by manufacturer, by region, by type, by application, etc, and custom research can be added according to specific requirements.
- The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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