Biometric Card Market: By Application, By End

Biometric Card Market: By Application (Payments, Access Control, Government ID and Financial Inclusion, Other Applications), By End-User (BFSI, Retail, Government, Healthcare, Commercial Entities, Others) And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031.

New York, May 26, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Biometric Card Market: By Application, By End-User And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031" - https://www.reportlinker.com/p06458696/?utm_source=GNW PRODUCT OVERVIEWGlobal Biometric Cards are a type of identification that recognizes and analyses a person's physical and behavioral characteristics. Fingerprints, retina and iris scanning, speech recognition, facial patterns, and bodily movement, including gait, are all examples of this. This card is a sort of identification card that employs biometric analysis to identify a person. They come in a variety of shapes and sizes, but the most common and popular are those with an internal memory processor or those that use a memory chip. Direct physical contact with a scanner, where you swipe your card, or a remote, electromagnetic interface connects the cards.MARKET HIGHLIGHTSThe global Biometric Card Market is expected to register a notable CAGR of 26.1% by 2031Global Biometric Card Market to surpass USD 116.4 billion by 2031 from USD 11.4 billion in 2021 at a CAGR of 26.1% in the coming years, i.e., 2021-2031. The market is primarily driven by factors such as rising contactless payment systems in both established and emerging nations, increased usage convenience, and rapid technological improvements. Furthermore, the market will increase at a substantial rate during the forecast period due to the rising use of smartphones for shopping in developed regions, the growing requirement for secure data transactions, and the increasing use of biometric cards for payment applications.GLOBAL BIOMETRIC CARD MARKET: SEGMENTSPayment segment to grow with the highest CAGR during 2021-31Based on Application, the Global Biometric Card Market is fragmented into Payments, Access Control, Government ID and Financial Inclusion, and Other Applications. Over the projection period, the payments section is expected to develop faster. In the financial services industry, biometric technology is gaining traction as a secure and convenient alternative to passwords and PINs. This technology is rapidly growing as it holds the ability to make consumers’ life easier to manage by giving them more options for confirming their identity.BFSI segment is anticipated to lead the market with the highest CAGR during 2021-31By End-user, the Global Biometric Card Market is divided into BFSI, Retail, Government, Healthcare, Commercial Entities, and Others. Even before the COVID-19 epidemic, the financial services business was changing at a rapid rate. Changing client expectations, more competition from new entrants, technological developments, and developing legislation all contributed to this expansion.MARKET DYNAMICSDriversSpeedy proliferation of the internet and increasing use of digital paymentsGrowing use of fingerprint sensor technology in smartphonesRestraintThe high cost associated with implementingGLOBAL BIOMETRIC CARD MARKET:Key Players• Card TechCompany Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis• Fingerprints• Gemalto• ABCorp• IDEMIA• IDEX Biometrics• KONA I• Jinco Universal• Korea Smart ID• Linxens• Card Tech• MoriX Co..GLOBAL BIOMETRIC CARD MARKET REPORT ALSO CONTAINS AN ANALYSIS ON: Global Biometric Card Market Segments:• By Applicationo Paymentso Access Controlo Government ID and Financial Inclusiono Other Applications• By End-Usero BFSIo Retailo Governmento Healthcareo Commercial Entitieso Others• Global Biometric Card Market Dynamics• Global Biometric Card Market Size• Supply & Demand• Current Trends/Issues/Challenges• Competition & Companies Involved in the Market• Value Chain of the Market• Market Drivers and RestraintsReasons to Purchase this Report • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors • Provision of market value (USD Billion) data for each segment and sub-segment • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions • Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis • Provides insight into the market through Value Chain • Market dynamics scenario, along with growth opportunities of the market in the years to come • 3-month post-sales analyst support.Read the full report: https://www.reportlinker.com/p06458696/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. 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