What is Biometric PoS Terminals?
Biometric PoS Terminals are Devices which read customer biometrics from personal identification data to secure the transaction at place of sale such as retail or restaurants, etc. The platforms or devices used in Biometric PoS may include handheld devices, kiosks, desktop PoS, and others. The market of Biometric PoS is growing specifically because of past transaction fraud incidents and increasing demand for secure payment mechanism. The mechanism of Biometrics based PoS also reduces the time cycle of payment drastically, which is resulting in its large scale adoption by Retail Industry. Geographically, North America is expected to be largest market of Biometrics PoS Terminals, but Asia Pacific too has huge prospectus in the coming years.
The market study is broken down and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DERMALOG Identification Systems GmbH (Germany), Ingenico Group (France), Fujitsu (Japan), Bitel (Peru), IDEMIA (France), M2SYS Technology (United States), HID Global (United States), Biyo (United States), PayTango (United States) and EKEMP International (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Zvetco Biometrics (United States), SmartMetric (United States) and Sthaler (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Biometric PoS Terminals market by Type, Application and Region.
On the basis of geography, the market of Biometric PoS Terminals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component , the sub-segment i.e. Hardware will boost the Biometric PoS Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Fingerprint Identification will boost the Biometric PoS Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. IT and Telecom will boost the Biometric PoS Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform , the sub-segment i.e. Handheld POS will boost the Biometric PoS Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, IDnow GmbH, Germany based Online ID Verfication service provider has announced acquisition of identity Trust Management AG which provides services both to B2B and B2C in biometrics based KYC. The acquisition of Trust Management will strengthen IDnow’s position in German Market as well as expand its presence in telecommunications, PoS and insurance industry.
In 2021, Fujitsu, Japanese IT and Communications Technology firm announced acquisition of Versor through its subsidiary Fujitsu Australia. Versor is a data analytics management consultancy based in Australia. The strategic acquisition was made to capitalise on growing data science consultancy market as well as expand further in Australian Markets.
- Firms should capitalise on Finger Print Segment as it is the Most Dominant Segment
- Growing Adoption of Digital Solutions
- Enhanced Demand for Secured Channels of Payments
- Self Service Type of Market is rising in Popularity
- Data Breach or Data Leak of Personal Identifiable Data of Users from the Biometrics Devices
- High Initial Cost of Setup of Biometrics Infrastructure
Key Target AudienceBiometrics PoS Terminal Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as DERMALOG Identification Systems GmbH (Germany), Ingenico Group (France), Fujitsu (Japan), Bitel (Peru), IDEMIA (France), M2SYS Technology (United States), HID Global (United States), Biyo (United States), PayTango (United States) and EKEMP International (China) etc.
2. What would be the Market Size of Biometric PoS Terminals Market by 2026?
Analysts at AMA estimates Biometric PoS Terminals Market to reach USDXXX by 2026.
3. Can we have customized study for Biometric PoS Terminals Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.