Global Biometric POS Terminals Market 2024-2028

Global Biometric POS Terminals Market 2024-2028
The biometric POS terminals market is forecasted to grow by USD 5286.95 mn during 2023-2028, accelerating at a CAGR of 13.9% during the forecast period. The report on the biometric POS terminals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of EMV standards, rising popularity in contactless biometrics, and growth in demand for biometric POS terminals from end-users.

Technavio's biometric POS terminals market is segmented as below:

By End-userRetailMedical and healthcareRestaurantFinancialOthersBy TechnologyFingerprint identificationPalm vein identificationOthersBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the growth in adoption of self-service kiosks as one of the prime reasons driving the biometric POS terminals market growth during the next few years. Also, increased use of and need for multimodal authentication and increase in digitalization will lead to sizable demand in the market.

The report on the biometric POS terminals market covers the following areas:Biometric POS terminals market sizingBiometric POS terminals market forecastBiometric POS terminals market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biometric POS terminals market vendors that include Aratek Biometric, BIYO LLC, CiVinTec Global Co. Ltd., DERMALOG Identification Systems GmbH, EKEMP Intl Ltd., ePortation Inc., Fujitsu Ltd., HID Global Corp., IDEMIA France SAS, Ingenico, International Secure Environments PTY LTD., M2SYS, Mantra Softech India Pvt. Ltd., PayTango Inc., SmartMetric Inc., Sthaler Ltd., Telepower Communication Co. Ltd., VeriFone Inc., Zvetco LLC, and Zwipe AS. Also, the biometric POS terminals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.