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Global Biometric PoS Terminals Market 2017-2021

Global Biometric PoS Terminals Market 2017-2021

About Biometric PoS Terminals

Biometric POS terminals are POS terminals that have been integrated with the biometric technology. They are mainly used as payment gateways. Biometric data cannot be easily hacked as compared to PINs and passwords. A person's identity can be authenticated using biometric technologies such as fingerprint identification, retina and iris recognition, palm vein identification, facial recognition, and voice recognition.

Technavio’s analysts forecast the global biometric PoS terminals market to grow at a CAGR of 27.81% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global biometric PoS terminals market for 2017-2021. To calculate the market size, the report considers revenue generated from biometric POS, which includes both fixed and portable POS.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Biometric PoS Terminals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bitel
  • Biyo
  • Crossmatch
  • DERMALOG Identification Systems
  • EKEMP INTERNATIONAL
  • Fujitsu
  • Ingenico Group
  • M2SYS
  • PayTango
  • OT-Morpho
  • SmartMetric
  • Sthaler
  • Verifone
  • Zvetco Biometrics
  • Zwipe
Other prominent vendors
  • ACTAtek
  • Argus TrueID
  • ePortID
  • E&M TECHNOLOGIES
Market driver
  • Rise in fraud at merchant POS terminals
  • For a full, detailed list, view our report
Market challenge
  • Absence of uniform standards
  • For a full, detailed list, view our report
Market trend
  • Growth of self-service market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Biometric PoS Terminals Market 2017-2021

Technavio recognizes the following companies as the key players in the global biometric pos terminals market: Bitel, Biyo, Crossmatch, DERMALOG Identification Systems, EKEMP INTERNATIONAL, Fujitsu, Ingenico Group, M2SYS, PayTango, OT-Morpho, SmartMetric, Sthaler, Verifone, Zvetco Biometrics, and Zwipe.

Other Prominent Vendors in the market are: ACTAtek, Argus TrueID, ePortID, and E&M TECHNOLOGIES.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth of self-service market. The growth of the self-service market is a trend wherein the biometric POS terminals can be adopted. The self-service market includes retail check out and kiosks. A self-service kiosk is an interactive kiosk that consists of specialized software and hardware computer terminals.”

According to the report, one driver in the market is rise in fraud at merchant POS terminals. The chances of fraud at merchant POS terminals is increasing. Credit and debit card users face issues such as identity theft and financial fraud. Remote hacking of the POS systems by hackers to steal debit and credit card data has resulted in millions of dollars' worth of transactions. Once hackers cross the remote access door, they can use techniques like RAM scraping and keyloggers to obtain all the sensitive information.

Further, the report states that one challenge in the market is absence of uniform standards. Interoperability is the ability of a system to work or operate with other systems without requiring any extra efforts by the user/customer. There is a lack of standardization in biometric POS terminals, which is a major challenge for interoperability. Standardization is needed to ensure interoperability among technologies from multiple vendors.

Companies Mentioned

Bitel, Biyo, Crossmatch, DERMALOG Identification Systems, EKEMP INTERNATIONAL, Fujitsu, Ingenico Group, M2SYS, PayTango, OT-Morpho, SmartMetric, Sthaler, Verifone, Zvetco Biometrics, and Zwipe.Other Prominent Vendors in the market are: ACTAtek, Argus TrueID, ePortID, and E&M TECHNOLOGIES.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Working of biometrics
      • Table Working of biometrics
    • Advantages and disadvantages of biometric technology in retail sector
  • Market landscape
    • Market overview
      • Table Overview of global biometric POS terminals market
    • Market size and forecast
      • Table Global biometric POS terminals market 2016-2021 (units in millions)
      • Table Global biometric POS terminals market ASP 2016-2021 ($)
      • Table Global biometric POS terminals market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Market overview
      • Table Global biometric POS terminals market by technology 2016
      • Table Global biometric POS by technology 2016-2021 ($ millions)
      • Table Global biometric POS terminals market by fingerprint identification 2016-2021 ($ millions)
      • Table Comparison of biometric technologies
      • Table Global biometric POS terminals market by palm vein identification 2016-2021 ($ millions)
  • Geographical segmentation
    • Market size and forecast
      • Table Global biometric POS terminals market by geography 2016
      • Table Global biometric POS terminals market by geography 2016-2021 ($ millions)
    • Biometric POS terminals market in EMEA
      • Table Biometric POS terminals market in EMEA 2016-2021 ($ millions)
    • Biometric POS terminals in Americas
      • Table Biometric POS terminals market in Americas 2016-2021 ($ millions)
    • Biometric POS terminals market in APAC
      • Table Biometric POS terminals market in APAC 2016-2021 ($ millions)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growth of self-service market
    • Increased requirement for multimodal authentication
    • Increased use of biometric POS terminals in restaurants
    • Rising adoption of biometrics in schools
  • Vendor landscape
    • Competitive landscape
  • Key vendor analysis
    • Bitel
    • Biyo
    • Crossmatch
    • DERMALOG Identification Systems
    • EKEMP INTERNATIONAL
    • Fujitsu
    • Ingenico Group
    • M2SYS
    • PayTango
    • OT-Morpho
    • SmartMetric
    • Sthaler
    • Verifone
    • Zvetco Biometrics
    • Zwipe
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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