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Biometrics for Banking and Financial Services - Market Analysis, Trends, and Forecasts

  • ID: 2785221
  • Report
  • March 2020
  • Region: Global
  • 326 Pages
  • Global Industry Analysts, Inc
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The Biometrics for Banking and Financial Services market worldwide is projected to grow by US$6.9 Billion, driven by a compounded growth of 15.5%. Fingerprint, one of the segments analyzed and sized in this study, displays the potential to grow at over 16.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$7 Billion by the year 2025, Fingerprint will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 10.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$114.9 Million to the region's size and clout in the next 5 to 6 years. Over US$202.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Fingerprint will reach a market size of US$817.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 21% over the next couple of years and add approximately US$1.7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:
  • AllTrust Networks
  • CashFlows Europe Limited
  • Cross Match Technologies Inc.
  • Cyber-SIGN Inc.
  • Fujitsu Frontech North America Inc.
  • Gemalto N.V
  • HID Global
  • IDEMIA
  • Ingenico SA
  • Nuance Communications Inc.
  • Precise Biometrics AB
  • Suprema
  • VoiceVault Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Biometrics: A Growing Solution to Address Financial Fraud and Security Breaches
Major External & Internal Breaches in Financial Services Sector
Growing Role of Biometrics
EXHIBIT 1: Global Biometrics Market (2019): Percentage Breakdown of Revenues by End-Use Sector
Financial Services Firms and Banks Actively Pursue Deployment of Biometrics Solutions
Outlook
Geographic Market Analysis
Fingerprint Scan Technology Leads, Vein Recognition Gains Traction
Application of Biometrics Technology in Financial Services Sector
Competition
Recent Market Activity

2. FOCUS ON SELECT PLAYERS
AllTrust Networks (USA)
Cyber-SIGN, Inc. (Japan)
Fujitsu Frontech North America, Inc. (USA)
Gemalto N.V (The Netherlands)
HID Global (US)
IDEMIA (France)
Ingenico Group SA (France)
Nuance Communications, Inc. (USA)
Precise Biometrics AB (Sweden)
Verint VoiceVault (USA)

3. MARKET TRENDS & DRIVERS
Banks See More Deployment of Vein Recognition Biometrics
Multi-modal Biometrics Gain Momentum
Partnerships: Order of the day for BFIS
Behavioral Biometrics Witness Growth Amid Digital Transformation of Banking Activities
Biometrics-enabled Smartphones Transform Mobile Banking Services
Unreliability and Vulnerability of Traditional Authentication Methods Fuels Adoption of Biometrics Solutions
Biometrics to Deal with Card-Not-Present (CNP) Fraud
Banks Focus on Mobile Devices for Convenient and Secure Authentication
Biometric Payment Cards: Drive Growth
Growing Prominence of Mobile Banking Spurs Opportunities for Biometrics
Biometrics-enabled Smartphones Transform Mobile Banking Services
EXHIBIT 2: Global Penetration Rate (In %) of Fingerprint Sensor in Smartphones for Years 2014, 2016, 2018 and 2020
Biometrics for Enterprise Mobile Banking Apps
Biometrics Enable Banks to Improve Customer Engagement Levels
Voice Biometrics Continues to Gain Growth
Iris Biometrics Poised for Strong Growth
Facial Recognition Growing in Popularity
Select Innovations in Biometrics for Banking and Financial Services Sector: A Review
Identity Verification: A Major Growth Area for Biometrics Use in Banks
On-Cloud Biometrics Gain Popularity
Biometrics-based Authentication at ATMs on Rise
Rise in ATM Installations: Opportunity for Biometrics Technology
EXHIBIT 3: Worldwide Installed Base of ATMs in Millions for the Years 2015, 2017, 2019, 2021, 2023, and 2025
Biometrics Enables Financial Inclusion
Expanding Social Network Footprint of Financial Organizations: Opportunities for Biometrics Technology
Access Control: A Potential Application Area
Biometrics: An Introduction
Summary of Biometric Recognition Techniques
Technology that Links Payment Accounts to Users’ Biometrics Directly

4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Biometrics for Banking and Financial Services Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025
TABLE 2: Biometrics for Banking and Financial Services Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2015-2017
TABLE 3: Biometrics for Banking and Financial Services Market Share Shift across Key Geographies Worldwide: 2015 VS 2019 VS 2025
TABLE 4: Fingerprint (Type) World Market by Region/Country in US$ Thousand: 2018 to 2025
TABLE 5: Fingerprint (Type) Historic Market Analysis by Region/Country in US$ Thousand: 2015 to 2017
TABLE 6: Fingerprint (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2015 VS 2019 VS 2025
TABLE 7: Face (Type) Potential Growth Markets Worldwide in US$ Thousand: 2018 to 2025
TABLE 8: Face (Type) Historic Market Perspective by Region/Country in US$ Thousand: 2015 to 2017
TABLE 9: Face (Type) Market Sales Breakdown by Region/Country in Percentage: 2015 VS 2019 VS 2025
TABLE 10: Other Types (Type) Geographic Market Spread Worldwide in US$ Thousand: 2018 to 2025
TABLE 11: Other Types (Type) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2015 to 2017
TABLE 12: Other Types (Type) Market Share Distribution in Percentage by Region/Country: 2015 VS 2019 VS 2025

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
TABLE 13: United States Biometrics for Banking and Financial Services Market Estimates and Projections in US$ Thousand by Type: 2018 to 2025
TABLE 14: Biometrics for Banking and Financial Services Market in the United States by Type: A Historic Review in US$ Thousand for 2015-2017
TABLE 15: United States Biometrics for Banking and Financial Services Market Share Breakdown by Type: 2015 VS 2019 VS 2025
CANADA
TABLE 16: Canadian Biometrics for Banking and Financial Services Market Estimates and Forecasts in US$ Thousand by Type: 2018 to 2025
TABLE 17: Canadian Biometrics for Banking and Financial Services Historic Market Review by Type in US$ Thousand: 2015-2017
TABLE 18: Biometrics for Banking and Financial Services Market in Canada: Percentage Share Breakdown of Sales by Type for 2015, 2019, and 2025
JAPAN
TABLE 19: Japanese Market for Biometrics for Banking and Financial Services: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2018-2025
TABLE 20: Biometrics for Banking and Financial Services Market in Japan: Historic Sales Analysis in US$ Thousand by Type for the Period 2015-2017
TABLE 21: Japanese Biometrics for Banking and Financial Services Market Share Analysis by Type: 2015 VS 2019 VS 2025
CHINA
Finger-Vein Authentication Offers Additional Security to Chinese ATMs
Market Analytics
TABLE 22: Chinese Biometrics for Banking and Financial Services Market Growth Prospects in US$ Thousand by Type for the Period 2018-2025
TABLE 23: Biometrics for Banking and Financial Services Historic Market Analysis in China in US$ Thousand by Type: 2015-2017
TABLE 24: Chinese Biometrics for Banking and Financial Services Market by Type: Percentage Breakdown of Sales for 2015, 2019, and 2025
EUROPE
TABLE 25: European Biometrics for Banking and Financial Services Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 26: Biometrics for Banking and Financial Services Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2015-2017
TABLE 27: European Biometrics for Banking and Financial Services Market Share Shift by Region/Country: 2015 VS 2019 VS 2025
TABLE 28: European Biometrics for Banking and Financial Services Market Estimates and Forecasts in US$ Thousand by Type: 2018-2025
TABLE 29: Biometrics for Banking and Financial Services Market in Europe in US$ Thousand by Type: A Historic Review for the Period 2015-2017
TABLE 30: European Biometrics for Banking and Financial Services Market Share Breakdown by Type: 2015 VS 2019 VS 2025
FRANCE
TABLE 31: Biometrics for Banking and Financial Services Market in France by Type: Estimates and Projections in US$ Thousand for the Period 2018-2025
TABLE 32: French Biometrics for Banking and Financial Services Historic Market Scenario in US$ Thousand by Type: 2015-2017
TABLE 33: French Biometrics for Banking and Financial Services Market Share Analysis by Type: 2015 VS 2019 VS 2025
GERMANY
TABLE 34: Biometrics for Banking and Financial Services Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2018-2025
TABLE 35: German Biometrics for Banking and Financial Services Historic Market Analysis in US$ Thousand by Type: 2015-2017
TABLE 36: German Biometrics for Banking and Financial Services Market Share Breakdown by Type: 2015 VS 2019 VS 2025
ITALY
TABLE 37: Italian Biometrics for Banking and Financial Services Market Growth Prospects in US$ Thousand by Type for the Period 2018-2025
TABLE 38: Biometrics for Banking and Financial Services Historic Market Analysis in Italy in US$ Thousand by Type: 2015-2017
TABLE 39: Italian Biometrics for Banking and Financial Services Market by Type: Percentage Breakdown of Sales for 2015, 2019, and 2025
UNITED KINGDOM
Growing Popularity of Biometrics in Banking Operations
Market Analytics
TABLE 40: United Kingdom Market for Biometrics for Banking and Financial Services: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2018-2025
TABLE 41: Biometrics for Banking and Financial Services Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Type for the Period 2015-2017
TABLE 42: United Kingdom Biometrics for Banking and Financial Services Market Share Analysis by Type: 2015 VS 2019 VS 2025
REST OF EUROPE
Market Overview
Market Analytics
TABLE 43: Rest of Europe Biometrics for Banking and Financial Services Market Estimates and Forecasts in US$ Thousand by Type: 2018-2025
TABLE 44: Biometrics for Banking and Financial Services Market in Rest of Europe in US$ Thousand by Type: A Historic Review for the Period 2015-2017
TABLE 45: Rest of Europe Biometrics for Banking and Financial Services Market Share Breakdown by Type: 2015 VS 2019 VS 2025
ASIA-PACIFIC
Australia
India
Growth of Biometrics in Banking Industry
UIDAI: Ambitious Biometrics Project and Opportunities for Financial Services
Singapore
Market Analytics
TABLE 46: Biometrics for Banking and Financial Services Market in Asia-Pacific by Type: Estimates and Projections in US$ Thousand for the Period 2018-2025
TABLE 47: Asia-Pacific Biometrics for Banking and Financial Services Historic Market Scenario in US$ Thousand by Type: 2015-2017
TABLE 48: Asia-Pacific Biometrics for Banking and Financial Services Market Share Analysis by Type: 2015 VS 2019 VS 2025
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 Brazilian Market
Market Analytics
TABLE 49: Rest of World Biometrics for Banking and Financial Services Market Estimates and Forecasts in US$ Thousand by Type: 2018 to 2025
TABLE 50: Rest of World Biometrics for Banking and Financial Services Historic Market Review by Type in US$ Thousand: 2015-2017
TABLE 51: Biometrics for Banking and Financial Services Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2015, 2019, and 2025

IV. COMPETITION
Total Companies Profiled : 48 (including Divisions/Subsidiaries - 51)
Note: Product cover images may vary from those shown
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