Biometric Point-Of-Sales Market forecast

Biometric Point-Of-Sales Market 2018: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024

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MarketStudyReport.com adds a new 2018-2023 Global Biometric Point-Of-Sales Consumption Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Biometric Point-Of-Sales Market by product type, application, key manufacturers and key regions. Over the next five years, Biometric Point-Of-Sales market will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

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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.

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.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Bitel, Biyo, Crossmatch, Danal, Ekemp, Fujitsu, Ingenico, M2SYS, Pay Tango, VeriFone, Zwipe, Zvetco.

Segmentation by product type:

Fingerprint Identification

Palm-Vein Identification

Iris Recognition

Retina Recognition

Voice Recognition

Segmentation by application:

Restaurant

Retail

Logistics

Medical and Healthcare

Financial

Others

Research objectives:

To study and analyze the global Biometric Point-Of-Sales consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Biometric Point-Of-Sales market by identifying its various subsegments.

Focuses on the key global Biometric Point-Of-Sales manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Biometric Point-Of-Sales with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Biometric Point-Of-Sales submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

More Details on this Report At: https://www.marketstudyreport.com/reports/2018-2023-global-biometric-point-of-sales-terminals-market-report-status-and-outlook

Related Report:

United States Biometric Point-Of-Sales Terminal Market Report 2018

In this report, the United States Biometric Point-Of-Sales Terminal market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-biometric-point-of-sales-terminal-market-report-2018/?utm_source=RR-PSR

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