A biometric payment card is a sort of debit or credit card that verifies the cardholder's identity by utilizing biometric authentication techniques, including fingerprints or facial recognition, before authorising a transaction. By adding an additional layer of authentication to the traditional PIN or signature, biometric payment cards are meant to increase user convenience and security. In order to reduce fraud and improve user experience, these cards are being used broadly in industries such as corporate security, government, and finance. The global biometric payment card market is expanding due to the rise in identity theft and data breaches, as well as the advancements in authentication technology.
Further, financial institutions and card issuers across the globe are gradually focused on differentiating their offerings and providing innovative solutions to attract and retain customers, making the biometric payment card market more competitive globally. In addition, the competitive environment is often expected to intensify with the rise in technological innovations, product extensions, and different strategies adopted by key vendors, such as product launches, partnerships, agreements, and technology initiatives, among others. For instance, in October 2023, Zwipe, the global leader in biometric payment and access cards, completed the partnership with Schneider Electric's Security Solutions Group, focusing on the integration of access control, intrusion detection, video surveillance, and other security technology sub-systems, to provide the revolutionary "biometric system-on-card" solution to Schneider Electric's global customer base.
The shift towards contactless payment methods, driven by consumer demand for faster and more convenient transactions presents a significant growth prospect for the biometric payment card market. However, the high cost of biometric payment cards and the increase in security & privacy concerns among businesses hamper the biometric payment card market growth. On the contrary, the increase in advanced information and communications technology and the robust growth of the e-commerce sector are expected to offer remunerative opportunities for the expansion of the biometric payment card market during the forecast period.
The biometric payment card market is segmented on the basis of card type, technology, end-user, and region. By card type, the market is bifurcated into credit cards and debit cards. By technology, it is classified into fingerprint recognition, iris recognition, and facial recognition. By end-user, the market is divided into retail, transportation, healthcare, hospitality, government, and others. By region, the market is analyzed across North America (U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the biometric payment card industry analysis are Bio-idz, BNP Paribas, Goldpac Fintech, IDEX Biometrics ASA, Infineon Technologies AG, MasterCard, NXP Semiconductors, Thales Group, Visa Inc., and Zwipe. These players have adopted various strategies to increase their market penetration and strengthen their position in the biometric payment card industry.
Further, financial institutions and card issuers across the globe are gradually focused on differentiating their offerings and providing innovative solutions to attract and retain customers, making the biometric payment card market more competitive globally. In addition, the competitive environment is often expected to intensify with the rise in technological innovations, product extensions, and different strategies adopted by key vendors, such as product launches, partnerships, agreements, and technology initiatives, among others. For instance, in October 2023, Zwipe, the global leader in biometric payment and access cards, completed the partnership with Schneider Electric's Security Solutions Group, focusing on the integration of access control, intrusion detection, video surveillance, and other security technology sub-systems, to provide the revolutionary "biometric system-on-card" solution to Schneider Electric's global customer base.
The shift towards contactless payment methods, driven by consumer demand for faster and more convenient transactions presents a significant growth prospect for the biometric payment card market. However, the high cost of biometric payment cards and the increase in security & privacy concerns among businesses hamper the biometric payment card market growth. On the contrary, the increase in advanced information and communications technology and the robust growth of the e-commerce sector are expected to offer remunerative opportunities for the expansion of the biometric payment card market during the forecast period.
The biometric payment card market is segmented on the basis of card type, technology, end-user, and region. By card type, the market is bifurcated into credit cards and debit cards. By technology, it is classified into fingerprint recognition, iris recognition, and facial recognition. By end-user, the market is divided into retail, transportation, healthcare, hospitality, government, and others. By region, the market is analyzed across North America (U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the biometric payment card industry analysis are Bio-idz, BNP Paribas, Goldpac Fintech, IDEX Biometrics ASA, Infineon Technologies AG, MasterCard, NXP Semiconductors, Thales Group, Visa Inc., and Zwipe. These players have adopted various strategies to increase their market penetration and strengthen their position in the biometric payment card industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global biometric payment card market forecast along with the current & future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, & opportunities and their impact analysis on global biometric payment card market trends is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2023 to 2033 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- End user preferences and pain points
- Industry life cycle assessment, by region
- Product Benchmarking / Product specification and applications
- Product Life Cycles
- Senario Analysis & Growth Trend Comparision
- Technology Trend Analysis
- Go To Market Strategy
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Market share analysis of players at global/region/country level
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By End-User
- Retail
- Transportation
- Healthcare
- Hospitality
- Government
- Others
By Card Type
- Credit Cards
- Debit Cards
By Technology
- Fingerprint Recognition
- Iris Recognition
- Facial Recognition
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Bio-idz
- BNP Paribas
- Goldpac Fintech
- IDEX Biometrics ASA
- Infineon Technologies AG
- Mastercard
- NXP Semiconductors
- Thales Group
- Visa Inc.
- Zwipe
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BIOMETRIC PAYMENT CARD MARKET, BY CARD TYPE
CHAPTER 5: BIOMETRIC PAYMENT CARD MARKET, BY TECHNOLOGY
CHAPTER 6: BIOMETRIC PAYMENT CARD MARKET, BY END-USER
CHAPTER 7: BIOMETRIC PAYMENT CARD MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Bio-idz
- BNP Paribas
- Goldpac Fintech
- IDEX Biometrics ASA
- Infineon Technologies AG
- Mastercard
- NXP Semiconductors
- Thales Group
- Visa Inc.
- Zwipe
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
