3. MARKET TRENDS & DRIVERS
- Digitization of Banking Services and Need for Stricter Identification Protocols to Prevent Security Breaches Drives Market
- Unreliability and Vulnerability of Traditional Authentication Methods Fuels Adoption of Biometrics Solutions
- Biometric Technology Vs Conventional ID Authentication Methods
- Biometrics Enable Banks to Improve Customer Engagement Levels
- Growing Adoption of Mobile Banking Spurs Opportunities for Biometrics
- Global Online Banking Market Size (in US$ Billion) for the Years 2019, 2021, 2023 and 2025
- Increasing Availability of Biometrics-Enabled Smartphones Transforms Mobile Banking Services
- Smartphone Penetration Rate as Share of Total Population: 2016-2020
- Global Penetration Rate (In %) of Fingerprint Sensor in Smartphones for Years 2014, 2016, 2018 and 2020E
- Expanding Social Network Footprint of Financial Organizations: Opportunities for Biometrics Technology
- Biometric Payment Cards Propel Biometrics Adoption in BFSI Sector
- Biometrics Technology Facilitates Financial Inclusion of Unbanked Population
- Global Breakdown of Unbanked Adult Population (in %) by Country for 2019
- Global Breakdown of Unbanked Adult Population (in %) by Gender for 2019
- Top Factors Cited as Barrier to Account Ownership: % of Adults Citing the Reason for Being Unbanked
- Biometrics-based Authentication at ATMs on the Rise
- Worldwide Installed Base of ATMs in Millions for the Years 2015, 2017, 2019, 2021, 2023, and 2025
- Future Financial Transactions to be Password-less, Contact-less and Friction-less
- Amidst Digital Transformation of Banking Operations, Behavioral Biometrics Witnesses Growth
- Keystroke Dynamics Authentication Overcomes Challenges Related to Conventional Authentication Methods
- Multi-Modal Biometrics Gain Momentum
- Biometric Multi-Factor Authentication: Providing Greater Security to Transactions
- Digital Onboarding Initiatives of Banks Present Favorable Outlook for Biometrics Technologies
- Voice Biometrics Continues to Gain Growth
- Contactless Iris Biometrics Technology Poised for Strong Growth
- Facial Recognition Growing in Popularity
- Banks See More Deployment of Vein Recognition Biometrics
- Dual Biometrics Finds Acceptance among Banks
- Identity Verification: A Major Growth Area for Biometrics Use in Banks
- Access Control: A Potential Application Area
- Fintech Banking Addresses Drawbacks of Conventional Banking
- On-Cloud Biometrics Gain Popularity
- Innovations in Biometrics for Banking and Financial Services Sector: A Review
- Select Innovations in Banking Biometrics Space
- Partnerships: Order of the day for BFSI
- Regulatory Mandates Promote Adoption Biometrics Technology in Banking Sector
- Challenges Facing Banks in Implementing Biometric Security Systems
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 2: World Historic Review for Biometrics for Banking and Financial Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 3: World 12-Year Perspective for Biometrics for Banking and Financial Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2021 & 2027
TABLE 4: World Recent Past, Current & Future Analysis for Fingerprint by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 5: World Historic Review for Fingerprint by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 6: World 12-Year Perspective for Fingerprint by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 7: World Recent Past, Current & Future Analysis for Face by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 8: World Historic Review for Face by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 9: World 12-Year Perspective for Face by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 10: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 11: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 12: World 12-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
UNITED STATES
- Biometrics for Banking and Financial Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
- Biometrics Technology Finds Favor in BFSI Sector
- US Biometrics Technology Market by End-Use (In %): 2020E
TABLE 13: USA Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 14: USA Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 15: USA 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
CANADA
TABLE 16: Canada Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 17: Canada Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 18: Canada 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
JAPAN
- Biometrics for Banking and Financial Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
- Market Overview
TABLE 19: Japan Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 20: Japan Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 21: Japan 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
CHINA
- Biometrics for Banking and Financial Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
- Market Overview
- Finger-Vein Authentication Offers Additional Security to Chinese ATMs
TABLE 22: China Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 23: China Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 24: China 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
EUROPE
- Biometrics for Banking and Financial Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
TABLE 25: Europe Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 26: Europe Historic Review for Biometrics for Banking and Financial Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 27: Europe 12-Year Perspective for Biometrics for Banking and Financial Services by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2015, 2021 & 2027
TABLE 28: Europe Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 29: Europe Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 30: Europe 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
FRANCE
- Biometrics for Banking and Financial Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
TABLE 31: France Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 32: France Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 33: France 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
GERMANY
- Biometrics for Banking and Financial Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
TABLE 34: Germany Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 35: Germany Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 36: Germany 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
ITALY
TABLE 37: Italy Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 38: Italy Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 39: Italy 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
UNITED KINGDOM
- Biometrics for Banking and Financial Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
- Growing Popularity of Biometrics in Banking Operations
TABLE 40: UK Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 41: UK Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 42: UK 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
REST OF EUROPE
TABLE 43: Rest of Europe Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 44: Rest of Europe Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 45: Rest of Europe 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
ASIA-PACIFIC
- Biometrics for Banking and Financial Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
- Australia
- India
- Growth of Biometrics in Banking Industry
- COVID-19 Outbreak Prompts India to Consider Iris Scans and Facial Recognition to Authenticate AePS Users
- UIDAI: Ambitious Biometrics Project and Opportunities for Financial Services
- Singapore
TABLE 46: Asia-Pacific Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 47: Asia-Pacific Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 48: Asia-Pacific 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027
REST OF WORLD
- Latin America
- Santander Mexico Starts Registering Biometric Data of Customers to Secure Bank Transactions
- Neon Introduces a New Banking Approach, Facial Biometric for Authentication in Brazil
TABLE 49: Rest of World Recent Past, Current & Future Analysis for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 50: Rest of World Historic Review for Biometrics for Banking and Financial Services by Type - Fingerprint, Face and Other Types Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 51: Rest of World 12-Year Perspective for Biometrics for Banking and Financial Services by Type - Percentage Breakdown of Value Revenues for Fingerprint, Face and Other Types for the Years 2015, 2021 & 2027