Dublin, April 28, 2020 (GLOBE NEWSWIRE) -- The "Biometrics for Banking and Financial Services - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The Biometrics for Banking and Financial Services market worldwide is projected to grow by US$6.9 Billion, driven by a compounded growth of 15.5%.

Fingerprint, one of the segments analyzed and sized in this study, displays the potential to grow at over 16.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$7 Billion by the year 2025, Fingerprint will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 10.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$114.9 Million to the region's size and clout in the next 5 to 6 years. Over US$202.4 Million worth of projected demand in the region will come from Rest of Europe markets.

In Japan, Fingerprint will reach a market size of US$817.4 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 21% over the next couple of years and add approximately US$1.7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

• AllTrust Networks
• CashFlows Europe Limited
• Cross Match Technologies Inc.
• Cyber-SIGN Inc.
• Fujitsu Frontech North America Inc.
• Gemalto N.V.
• HID Global
• IDEMIA
• Ingenico S.A.
• Nuance Communications Inc.
• Precise Biometrics AB
• Suprema
• VoiceVault Inc.

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Biometrics: A Growing Solution to Address Financial Fraud and Security Breaches
• Major External & Internal Breaches in Financial Services Sector
• Growing Role of Biometrics
• Financial Services Firms and Banks Actively Pursue Deployment of Biometrics Solutions
• Outlook
• Geographic Market Analysis
• Fingerprint Scan Technology Leads, Vein Recognition Gains Traction
• Application of Biometrics Technology in Financial Services Sector
• Competition
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Banks See More Deployment of Vein Recognition Biometrics
• Multi-modal Biometrics Gain Momentum
• Partnerships: Order of the day for BFIS
• Behavioral Biometrics Witness Growth Amid Digital Transformation of Banking Activities
• Biometrics-enabled Smartphones Transform Mobile Banking Services
• Unreliability and Vulnerability of Traditional Authentication Methods Fuels Adoption of Biometrics Solutions
• Biometrics to Deal with Card-Not-Present (CNP) Fraud
• Banks Focus on Mobile Devices for Convenient and Secure Authentication
• Biometric Payment Cards: Drive Growth
• Growing Prominence of Mobile Banking Spurs Opportunities for Biometrics
• Biometrics-enabled Smartphones Transform Mobile Banking Services
• Biometrics for Enterprise Mobile Banking Apps
• Biometrics Enable Banks to Improve Customer Engagement Levels
• Voice Biometrics Continues to Gain Growth
• Iris Biometrics Poised for Strong Growth
• Facial Recognition Growing in Popularity
• Select Innovations in Biometrics for Banking and Financial Services Sector: A Review
• Identity Verification: A Major Growth Area for Biometrics Use in Banks
• On-Cloud Biometrics Gain Popularity
• Biometrics-based Authentication at ATMs on Rise
• Rise in ATM Installations: Opportunity for Biometrics Technology
• Biometrics Enables Financial Inclusion
• Expanding Social Network Footprint of Financial Organizations: Opportunities for Biometrics Technology
• Access Control: A Potential Application Area
• Biometrics: An Introduction
• Summary of Biometric Recognition Techniques
• Technology that Links Payment Accounts to Users' Biometrics Directly

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION
Total Companies Profiled: 48 (including Divisions/Subsidiaries - 51)

For more information about this report visit https://www.researchandmarkets.com/r/aso43v

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