Biometric Payment Card Market By Card Type (Credit Cards, Debit Cards), By Technology (Fingerprint Recognition, Iris Recognition, Facial Recognition), By End-User (Retail, Transportation, Healthcare, Hospitality, Government, Others): Global Opportunity Analysis and Industry Forecast, 2024-2032
A biometric payment card is a sort of debit or credit card that verifies the cardholder's identity by utilizing biometric authentication techniques, including fingerprints or facial recognition, before authorising a transaction. By adding an additional layer of authentication to the traditional PIN or signature, biometric payment cards are meant to increase user convenience and security. In order to reduce fraud and improve user experience, these cards are being used broadly in industries such as corporate security, government, and finance. The global biometric payment card market is expanding due to the rise in identity theft and data breaches, as well as the advancements in authentication technology.
Further, financial institutions and card issuers across the globe are gradually focused on differentiating their offerings and providing innovative solutions to attract and retain customers, making the biometric payment card market more competitive globally. In addition, the competitive environment is often expected to intensify with the rise in technological innovations, product extensions, and different strategies adopted by key vendors, such as product launches, partnerships, agreements, and technology initiatives, among others. For instance, in October 2023, Zwipe, the global leader in biometric payment and access cards, completed the partnership with Schneider Electric's Security Solutions Group, focusing on the integration of access control, intrusion detection, video surveillance, and other security technology sub-systems, to provide the revolutionary biometric system-on-card solution to Schneider Electric's global customer base.
The shift towards contactless payment methods, driven by consumer demand for faster and more convenient transactions presents a significant growth prospect for the biometric payment card market. However, the high cost of biometric payment cards and the increase in security & privacy concerns among businesses hamper the biometric payment card market growth. On the contrary, the increase in advanced information and communications technology and the robust growth of the e-commerce sector are expected to offer remunerative opportunities for the expansion of the biometric payment card market during the forecast period.
The biometric payment card market is segmented on the basis of card type, technology, end-user, and region. By card type, the market is bifurcated into credit cards and debit cards. By technology, it is classified into fingerprint recognition, iris recognition, and facial recognition. By end-user, the market is divided into retail, transportation, healthcare, hospitality, government, and others. By region, the market is analyzed across North America (U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the biometric payment card industry analysis are Bio-idz, BNP Paribas, Goldpac Fintech, IDEX Biometrics ASA, Infineon Technologies AG, MasterCard, NXP Semiconductors, Thales Group, Visa Inc., and Zwipe. These players have adopted various strategies to increase their market penetration and strengthen their position in the biometric payment card industry.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global biometric payment card market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global biometric payment card market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2023 to 2033 is provided to determine the market potential.
Key Market Segments
By End-User
Retail
Transportation
Healthcare
Hospitality
Government
Others
By Card Type
Credit Cards
Debit Cards
By Technology
Fingerprint Recognition
Iris Recognition
Facial Recognition
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Bio-idz
BNP Paribas
Goldpac Fintech
IDEX Biometrics ASA
Infineon Technologies AG
Mastercard
NXP Semiconductors
Thales Group
Visa Inc.
Zwipe
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- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- CHAPTER 4: BIOMETRIC PAYMENT CARD MARKET, BY CARD TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Credit Cards
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Debit Cards
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- CHAPTER 5: BIOMETRIC PAYMENT CARD MARKET, BY TECHNOLOGY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Fingerprint Recognition
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Iris Recognition
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Facial Recognition
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- CHAPTER 6: BIOMETRIC PAYMENT CARD MARKET, BY END-USER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Retail
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Transportation
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Healthcare
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Hospitality
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Government
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
- CHAPTER 7: BIOMETRIC PAYMENT CARD MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Card Type
- 7.2.3. Market size and forecast, by Technology
- 7.2.4. Market size and forecast, by End-User
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Card Type
- 7.2.5.1.2. Market size and forecast, by Technology
- 7.2.5.1.3. Market size and forecast, by End-User
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Card Type
- 7.2.5.2.2. Market size and forecast, by Technology
- 7.2.5.2.3. Market size and forecast, by End-User
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Card Type
- 7.3.3. Market size and forecast, by Technology
- 7.3.4. Market size and forecast, by End-User
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Card Type
- 7.3.5.1.2. Market size and forecast, by Technology
- 7.3.5.1.3. Market size and forecast, by End-User
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Card Type
- 7.3.5.2.2. Market size and forecast, by Technology
- 7.3.5.2.3. Market size and forecast, by End-User
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Card Type
- 7.3.5.3.2. Market size and forecast, by Technology
- 7.3.5.3.3. Market size and forecast, by End-User
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Card Type
- 7.3.5.4.2. Market size and forecast, by Technology
- 7.3.5.4.3. Market size and forecast, by End-User
- 7.3.5.5. Spain
- 7.3.5.5.1. Market size and forecast, by Card Type
- 7.3.5.5.2. Market size and forecast, by Technology
- 7.3.5.5.3. Market size and forecast, by End-User
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Card Type
- 7.3.5.6.2. Market size and forecast, by Technology
- 7.3.5.6.3. Market size and forecast, by End-User
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Card Type
- 7.4.3. Market size and forecast, by Technology
- 7.4.4. Market size and forecast, by End-User
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Card Type
- 7.4.5.1.2. Market size and forecast, by Technology
- 7.4.5.1.3. Market size and forecast, by End-User
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Card Type
- 7.4.5.2.2. Market size and forecast, by Technology
- 7.4.5.2.3. Market size and forecast, by End-User
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Card Type
- 7.4.5.3.2. Market size and forecast, by Technology
- 7.4.5.3.3. Market size and forecast, by End-User
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Card Type
- 7.4.5.4.2. Market size and forecast, by Technology
- 7.4.5.4.3. Market size and forecast, by End-User
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Card Type
- 7.4.5.5.2. Market size and forecast, by Technology
- 7.4.5.5.3. Market size and forecast, by End-User
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Card Type
- 7.4.5.6.2. Market size and forecast, by Technology
- 7.4.5.6.3. Market size and forecast, by End-User
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Card Type
- 7.5.3. Market size and forecast, by Technology
- 7.5.4. Market size and forecast, by End-User
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Card Type
- 7.5.5.1.2. Market size and forecast, by Technology
- 7.5.5.1.3. Market size and forecast, by End-User
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Card Type
- 7.5.5.2.2. Market size and forecast, by Technology
- 7.5.5.2.3. Market size and forecast, by End-User
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Card Type
- 7.5.5.3.2. Market size and forecast, by Technology
- 7.5.5.3.3. Market size and forecast, by End-User
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2023
- CHAPTER 9: COMPANY PROFILES
- 9.1. Bio-idz
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. BNP Paribas
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Goldpac Fintech
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. IDEX Biometrics ASA
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Infineon Technologies AG
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Mastercard
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. NXP Semiconductors
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Thales Group
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Visa Inc.
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. Zwipe
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments
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