Global Biometric Point-Of-Sales Terminals Market Growth (Status and Outlook) 2023-2029

Global Biometric Point-Of-Sales Terminals Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Biometric Point-Of-Sales Terminals Industry Forecast” looks at past sales and reviews total world Biometric Point-Of-Sales Terminals sales in 2022, providing a comprehensive analysis by region and market sector of projected Biometric Point-Of-Sales Terminals sales for 2023 through 2029. With Biometric Point-Of-Sales Terminals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biometric Point-Of-Sales Terminals industry.

This Insight Report provides a comprehensive analysis of the global Biometric Point-Of-Sales Terminals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biometric Point-Of-Sales Terminals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biometric Point-Of-Sales Terminals market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biometric Point-Of-Sales Terminals and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biometric Point-Of-Sales Terminals.

The global Biometric Point-Of-Sales Terminals market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The emerging technologies in the payment systems and increasing number of PoS terminals are the primary growth drivers of the Biometric PoS Terminals market. Also, the rise in fraud in merchant PoS terminals is one of the major factors which is driving the growth of biometric PoS terminals market as biometrics makes it very difficult for the fraud to obtain the sensitive information of the cards and thus, enhancing the security of the transactions. Apart from this, the increased usage of biometric PoS terminals in restaurants and the growth of the self-service market which includes retail check-outs and kiosks are the major factors which are fueling the growth of the biometric PoS terminal market. Moreover, the Biometric PoS Terminals helps to increase effectiveness and operational efficiency and thus, enhances the security of the payment systems, and due to this factor, many organizations are adopting biometric PoS terminals. During 2015, the fingerprint biometric segment dominated this market and accounted for close to 85% of the market share. Fingerprint biometric are easy to use and install which will aid in the growth of this segment until the end of 2020.

This report presents a comprehensive overview, market shares, and growth opportunities of Biometric Point-Of-Sales Terminals market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Fingerprint Identification
Palm-Vein Identification
Facial Recognition
Iris Recognition
Retina Recognition
Voice Recognition

Segmentation by application
Restaurant
Retail
Logistics
Medical and Healthcare
Financial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bitel
Biyo
Crossmatch
Danal
Ekemp
Fujitsu
Ingenico
M2SYS
Pay Tango
VeriFone
Zwipe
Zvetco

Please note: The report will take approximately 2 business days to prepare and deliver.