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LAMEA Retail Biometrics Market Size, Share & Trends Analysis Report By Deployment Mode, By Type, By Component, By Application, By Retail Type, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 163 Pages
  • October 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6025616
Description Jump to:
The Latin America, Middle East and Africa Retail Biometrics Market is expected to witness market growth of 34.6% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Retail Biometrics Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $832.8 million by 2031. The Argentina market is showcasing a CAGR of 36.4% during 2024-2031. Additionally, the UAE market would register a CAGR of 33.3% during 2024-2031.



biometric technology can be integrated into smart fitting rooms, giving customers personalized recommendations based on their body measurements. Facial recognition can also identify customers and suggest complementary products to enhance their shopping experience. Retailers can employ emotion recognition technology to gauge customer reactions to products or promotions.

Additionally, retailers can collect real-time feedback and adjust strategies by analyzing facial expressions. Biometric systems can help retailers manage customer flow by monitoring the number of customers in line and automating alerts for additional staff when queues become too long, improving overall customer satisfaction.

The retail sector in Brazil is experiencing a notable uptrend, as evidenced by the recent statistics released by IBGE: an increase in retail sales - 2.5% from December to January and a significant 4.1% year-on-year - signals a robust recovery in consumer confidence and spending power. This resurgence boosts the overall economy and creates a fertile environment for innovative technologies, particularly retail biometrics. As retail sales grow, the demand for enhanced security and personalized shopping experiences is becoming paramount. Retail biometrics, which includes technologies such as fingerprint recognition, facial recognition, and iris scanning, offers retailers the ability to authenticate customers swiftly and securely.

List of Key Companies Profiled

  • Cognitec Systems GmbH (Salto Systems, S.L.)
  • IDEMIA SAS (Advent International, Inc.)
  • NEC Corporation
  • Fujitsu Limited
  • Thales Group S.A.
  • BIO-key International, Inc.
  • Anviz Global Inc.
  • HID Global Corporation (Assa Abloy AB)
  • M2SYS Technology, Inc.
  • Fingerprint Cards AB

Market Report Segmentation

By Deployment Mode

  • On-Premises
  • Cloud-Based

By Type

  • Fingerprint Recognition
  • Facial Recognition
  • Iris Recognition
  • Voice Recognition
  • Vein Recognition & Others

By Component

  • Hardware
  • Software
  • Services

By Application

  • Payment Authentication
  • Customer Identification & Loyalty Programs
  • Access Control & Security
  • Fraud Detection & Prevention
  • Workforce Management
  • Others

By Retail Type

  • Supermarkets & Hypermarkets
  • Specialty Stores
  • E-Commerce Platforms
  • Department Stores
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Retail Biometrics Market, by Deployment Mode
1.4.2 LAMEA Retail Biometrics Market, by Type
1.4.3 LAMEA Retail Biometrics Market, by Component
1.4.4 LAMEA Retail Biometrics Market, by Application
1.4.5 LAMEA Retail Biometrics Market, by Retail Type
1.4.6 LAMEA Retail Biometrics Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Strategies Deployed in Retail Biometrics Market.
4.3 Porter Five Forces Analysis
Chapter 5. LAMEA Retail Biometrics Market by Deployment Mode
5.1 LAMEA On-Premises Market by Country
5.2 LAMEA Cloud-Based Market by Country
Chapter 6. LAMEA Retail Biometrics Market by Type
6.1 LAMEA Fingerprint Recognition Market by Country
6.2 LAMEA Facial Recognition Market by Country
6.3 LAMEA Iris Recognition Market by Country
6.4 LAMEA Voice Recognition Market by Country
6.5 LAMEA Vein Recognition & Others Market by Country
Chapter 7. LAMEA Retail Biometrics Market by Component
7.1 LAMEA Hardware Market by Country
7.2 LAMEA Software Market by Country
7.3 LAMEA Services Market by Country
Chapter 8. LAMEA Retail Biometrics Market by Application
8.1 LAMEA Payment Authentication Market by Country
8.2 LAMEA Customer Identification & Loyalty Programs Market by Country
8.3 LAMEA Access Control & Security Market by Country
8.4 LAMEA Fraud Detection & Prevention Market by Country
8.5 LAMEA Workforce Management Market by Country
8.6 LAMEA Others Market by Country
Chapter 9. LAMEA Retail Biometrics Market by Retail Type
9.1 LAMEA Supermarkets & Hypermarkets Market by Country
9.2 LAMEA Specialty Stores Market by Country
9.3 LAMEA E-Commerce Platforms Market by Country
9.4 LAMEA Department Stores Market by Country
9.5 LAMEA Others Market by Country
Chapter 10. LAMEA Retail Biometrics Market by Country
10.1 Brazil Retail Biometrics Market
10.1.1 Brazil Retail Biometrics Market by Deployment Mode
10.1.2 Brazil Retail Biometrics Market by Type
10.1.3 Brazil Retail Biometrics Market by Component
10.1.4 Brazil Retail Biometrics Market by Application
10.1.5 Brazil Retail Biometrics Market by Retail Type
10.2 Argentina Retail Biometrics Market
10.2.1 Argentina Retail Biometrics Market by Deployment Mode
10.2.2 Argentina Retail Biometrics Market by Type
10.2.3 Argentina Retail Biometrics Market by Component
10.2.4 Argentina Retail Biometrics Market by Application
10.2.5 Argentina Retail Biometrics Market by Retail Type
10.3 UAE Retail Biometrics Market
10.3.1 UAE Retail Biometrics Market by Deployment Mode
10.3.2 UAE Retail Biometrics Market by Type
10.3.3 UAE Retail Biometrics Market by Component
10.3.4 UAE Retail Biometrics Market by Application
10.3.5 UAE Retail Biometrics Market by Retail Type
10.4 Saudi Arabia Retail Biometrics Market
10.4.1 Saudi Arabia Retail Biometrics Market by Deployment Mode
10.4.2 Saudi Arabia Retail Biometrics Market by Type
10.4.3 Saudi Arabia Retail Biometrics Market by Component
10.4.4 Saudi Arabia Retail Biometrics Market by Application
10.4.5 Saudi Arabia Retail Biometrics Market by Retail Type
10.5 South Africa Retail Biometrics Market
10.5.1 South Africa Retail Biometrics Market by Deployment Mode
10.5.2 South Africa Retail Biometrics Market by Type
10.5.3 South Africa Retail Biometrics Market by Component
10.5.4 South Africa Retail Biometrics Market by Application
10.5.5 South Africa Retail Biometrics Market by Retail Type
10.6 Nigeria Retail Biometrics Market
10.6.1 Nigeria Retail Biometrics Market by Deployment Mode
10.6.2 Nigeria Retail Biometrics Market by Type
10.6.3 Nigeria Retail Biometrics Market by Component
10.6.4 Nigeria Retail Biometrics Market by Application
10.6.5 Nigeria Retail Biometrics Market by Retail Type
10.7 Rest of LAMEA Retail Biometrics Market
10.7.1 Rest of LAMEA Retail Biometrics Market by Deployment Mode
10.7.2 Rest of LAMEA Retail Biometrics Market by Type
10.7.3 Rest of LAMEA Retail Biometrics Market by Component
10.7.4 Rest of LAMEA Retail Biometrics Market by Application
10.7.5 Rest of LAMEA Retail Biometrics Market by Retail Type
Chapter 11. Company Profiles
11.1 Cognitec Systems GmbH (Salto Systems, S.L.)
11.1.1 Company Overview
11.1.2 SWOT Analysis
11.2 IDEMIA SAS (Advent International, Inc.)
11.2.1 Company Overview
11.2.2 Recent strategies and developments:
11.2.2.1 Partnerships, Collaborations, and Agreements:
11.2.2.2 Product Launches and Product Expansions:
11.2.3 SWOT Analysis
11.3 NEC Corporation
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expenses
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Product Launches and Product Expansions:
11.3.6 SWOT Analysis
11.4 Fujitsu Limited
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Product Launches and Product Expansions:
11.4.5.3 Acquisition and Mergers:
11.4.6 SWOT Analysis
11.5 Thales Group S.A.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expenses
11.5.5 SWOT Analysis
11.6 BIO-key International, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Research & Development Expenses
11.6.4 SWOT Analysis
11.7 Anviz Global Inc.
11.7.1 Company Overview
11.7.2 SWOT Analysis
11.8 HID Global Corporation (Assa Abloy AB)
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental Analysis
11.8.4 Research & Development Expenses
11.8.5 SWOT Analysis
11.9 M2SYS Technology, Inc.
11.9.1 Company Overview
11.9.2 SWOT Analysis
11.10. Fingerprint Cards AB
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 SWOT Analysis

Companies Mentioned

  • Cognitec Systems GmbH (Salto Systems, S.L.)
  • IDEMIA SAS (Advent International, Inc.)
  • NEC Corporation
  • Fujitsu Limited
  • Thales Group S.A.
  • BIO-key International, Inc.
  • Anviz Global Inc.
  • HID Global Corporation (Assa Abloy AB)
  • M2SYS Technology, Inc.
  • Fingerprint Cards AB

Methodology

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