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Asia-Pacific 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

  • 165 Pages
  • October 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6025710
Description Jump to:
The Asia Pacific Retail Biometrics Market is expected to witness market growth of 32.4% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific 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 $3.18 billion by 2031. The Japan market is registering a CAGR of 31.6% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 33.3% during 2024-2031.



Regulatory requirements related to data security and privacy are compelling retailers to adopt biometric solutions that provide enhanced security and compliance. Meeting these requirements is essential for maintaining customer trust and avoiding penalties. As the retail landscape becomes increasingly competitive, businesses seek innovative solutions to differentiate themselves. Biometric systems offer a unique selling point, enhancing customer experiences and operational efficiency.

Several key trends influence the retail biometrics market. The COVID-19 pandemic has accelerated the demand for contactless solutions in retail. Biometric systems that facilitate touchless transactions, such as facial recognition and iris scanning, are gaining popularity as consumers seek safer shopping experiences.

The exponential growth of China's digital economy has created a fertile ground for the retail biometrics market. With more consumers engaging in e-commerce and digital transactions, retailers invest heavily in technologies that improve security and streamline the shopping experience. The rise of mobile payment systems, digital wallets, and online shopping platforms has prompted retailers to adopt biometric solutions to enhance customer identification and transaction security. As a result, biometrics are becoming a vital component of retail strategies, enabling companies to offer a more seamless and secure shopping experience.

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

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific

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 Asia Pacific Retail Biometrics Market, by Deployment Mode
1.4.2 Asia Pacific Retail Biometrics Market, by Type
1.4.3 Asia Pacific Retail Biometrics Market, by Component
1.4.4 Asia Pacific Retail Biometrics Market, by Application
1.4.5 Asia Pacific Retail Biometrics Market, by Retail Type
1.4.6 Asia Pacific 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. Asia Pacific Retail Biometrics Market by Deployment Mode
5.1 Asia Pacific On-Premises Market by Country
5.2 Asia Pacific Cloud-Based Market by Country
Chapter 6. Asia Pacific Retail Biometrics Market by Type
6.1 Asia Pacific Fingerprint Recognition Market by Country
6.2 Asia Pacific Facial Recognition Market by Country
6.3 Asia Pacific Iris Recognition Market by Country
6.4 Asia Pacific Voice Recognition Market by Country
6.5 Asia Pacific Vein Recognition & Others Market by Country
Chapter 7. Asia Pacific Retail Biometrics Market by Component
7.1 Asia Pacific Hardware Market by Country
7.2 Asia Pacific Software Market by Country
7.3 Asia Pacific Services Market by Country
Chapter 8. Asia Pacific Retail Biometrics Market by Application
8.1 Asia Pacific Payment Authentication Market by Country
8.2 Asia Pacific Customer Identification & Loyalty Programs Market by Country
8.3 Asia Pacific Access Control & Security Market by Country
8.4 Asia Pacific Fraud Detection & Prevention Market by Country
8.5 Asia Pacific Workforce Management Market by Country
8.6 Asia Pacific Others Market by Country
Chapter 9. Asia Pacific Retail Biometrics Market by Retail Type
9.1 Asia Pacific Supermarkets & Hypermarkets Market by Country
9.2 Asia Pacific Specialty Stores Market by Country
9.3 Asia Pacific E-Commerce Platforms Market by Country
9.4 Asia Pacific Department Stores Market by Country
9.5 Asia Pacific Others Market by Country
Chapter 10. Asia Pacific Retail Biometrics Market by Country
10.1 China Retail Biometrics Market
10.1.1 China Retail Biometrics Market by Deployment Mode
10.1.2 China Retail Biometrics Market by Type
10.1.3 China Retail Biometrics Market by Component
10.1.4 China Retail Biometrics Market by Application
10.1.5 China Retail Biometrics Market by Retail Type
10.2 Japan Retail Biometrics Market
10.2.1 Japan Retail Biometrics Market by Deployment Mode
10.2.2 Japan Retail Biometrics Market by Type
10.2.3 Japan Retail Biometrics Market by Component
10.2.4 Japan Retail Biometrics Market by Application
10.2.5 Japan Retail Biometrics Market by Retail Type
10.3 India Retail Biometrics Market
10.3.1 India Retail Biometrics Market by Deployment Mode
10.3.2 India Retail Biometrics Market by Type
10.3.3 India Retail Biometrics Market by Component
10.3.4 India Retail Biometrics Market by Application
10.3.5 India Retail Biometrics Market by Retail Type
10.4 South Korea Retail Biometrics Market
10.4.1 South Korea Retail Biometrics Market by Deployment Mode
10.4.2 South Korea Retail Biometrics Market by Type
10.4.3 South Korea Retail Biometrics Market by Component
10.4.4 South Korea Retail Biometrics Market by Application
10.4.5 South Korea Retail Biometrics Market by Retail Type
10.5 Australia Retail Biometrics Market
10.5.1 Australia Retail Biometrics Market by Deployment Mode
10.5.2 Australia Retail Biometrics Market by Type
10.5.3 Australia Retail Biometrics Market by Component
10.5.4 Australia Retail Biometrics Market by Application
10.5.5 Australia Retail Biometrics Market by Retail Type
10.6 Malaysia Retail Biometrics Market
10.6.1 Malaysia Retail Biometrics Market by Deployment Mode
10.6.2 Malaysia Retail Biometrics Market by Type
10.6.3 Malaysia Retail Biometrics Market by Component
10.6.4 Malaysia Retail Biometrics Market by Application
10.6.5 Malaysia Retail Biometrics Market by Retail Type
10.7 Rest of Asia Pacific Retail Biometrics Market
10.7.1 Rest of Asia Pacific Retail Biometrics Market by Deployment Mode
10.7.2 Rest of Asia Pacific Retail Biometrics Market by Type
10.7.3 Rest of Asia Pacific Retail Biometrics Market by Component
10.7.4 Rest of Asia Pacific Retail Biometrics Market by Application
10.7.5 Rest of Asia Pacific 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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