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Global Biometric Point-Of-Sales Terminals Market 2016-2020

Global Biometric Point-Of-Sales Terminals Market 2016-2020

About Biometrics POS Terminals

Biometrics refers to the identification and authentication of an individual based on their biological and behavioral characteristics. Biometrics include the authentication of an individual by evaluating one or more unique biological traits like fingerprint identification, palm-vein identification, facial recognition, iris recognition, retina identification, and voice recognition.

Biometric technology is widely preferred among enterprises and educational institutions for payment at POS terminals over traditional authentication methods involving passwords and personal identification numbers (PINs). This is because biometrics is difficult to replicate unlike passwords and PINs, which can be easily hacked. Biometric POS terminals, integrated with biometrics technology, are primarily used as a payment solution. However, biometric POS terminals are used to track employee time and attendance as well. With technological advances in hardware and sensors, a number of biometric technologies, such as keystroke and electroencephalogram (EEG), have been developed for the identification of individuals. These biometrics are mainly used by government authorities for identity verification.

Technavio’s analysts forecast the global biometric POS terminals market to grow at a CAGR of 26.94% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global biometrics POS terminals market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of biometric POS terminals, which include both fixed POS and portable POS.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Biometrics POS Terminals Market 2016-2020, 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
  • Danal
  • DERMALOG Identification Systems
  • EKEMP
  • Fujitsu
  • Ingenico
  • M2SYS
  • PayTango
  • Safran Morpho
  • Sthaler
  • SmartMetric
  • Verifone
  • Zwipe
  • Zvetco
Market driver
  • Rise in fraud at merchant POS terminals
  • For a full, detailed list, view our report
Market challenge
  • Lack of standardization
  • For a full, detailed list, view our report
Market trend
  • Adoption of biometric POS terminals in restaurants
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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 Biometrics POS Terminals Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Biometrics POS Terminals Market: Bitel, Biyo, Crossmatch, Danal, DERMALOG Identification Systems, EKEMP, Fujitsu, Ingenico, M2SYS, PayTango, Safran Morpho, Sthaler, SmartMetric, Verifone, Zwipe, and Zvetco.

Commenting on the report, an analyst from Technavio’s team said: “Restaurants worldwide are implementing biometric technology at merchant POS terminals to record employee time and attendance, authorize overrides and discounts, and secure payment solutions. Payment card numbers and passwords can be easily hacked by cybercriminals, leading to fraudulent payment card transactions. To minimize this, restaurants are implementing biometric technology at POS terminals.”

According to the report, one of the major drives in the market is rise in fraud at merchant POS terminals. Hackers are increasingly targeting vulnerable POS terminals to steal payment card data via several methods. Take, for instance, the installation of skimmers at POS terminals. The skimmer reads and transmits data from swiped cards on POS terminals. Another technique used by hackers is POS RAM scrapers. A POS RAM scraper accesses the POS database and encrypts and stores payment card data and can be remotely accessed by the hacker.

Further, the report states that without standardization, companies cannot produce standard biometric POS devices. The lack of standardization is a barrier to interoperability. Therefore, the absence of unanimous standards in the global biometric POS terminals market is hindering market growth.

Companies Mentioned

Bitel, Biyo, Crossmatch, Danal, DERMALOG Identification Systems, EKEMP, Fujitsu, Ingenico, M2SYS, PayTango, Safran Morpho, Sthaler, SmartMetric, Verifone, Zwipe, Zvetco.

  • Executive summary
    • Highlights
  • Scope of the report
    • Base year
    • Definitions
    • Market overview
    • Market size calculation
    • Geographical segmentation
    • Vendor segmentation
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • How biometrics works
      • Table How biometrics work
    • Components of biometrics systems
    • Advantages and disadvantages of biometrics in retail sector
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global biometric POS terminals market 2015-2020 (millions of units)
    • Why biometrics for payments will not take off over the next five years
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Table Global biometric POS terminals market segmentation by technology
    • Table Comparison of biometric technologies
  • Geographical segmentation
    • Table Global biometric POS terminals market by geography
    • EMEA
    • Americas
    • APAC
  • Market drivers
    • Rise in fraud at merchant POS terminals
    • EMV implementation to ensure secure transactions
      • Table Global EMV cards market 2015-2020 (billions of units)
    • Multimodal biometrics for time and attendance recording
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Lack of standardization
    • High TCO
    • False rejections due to biometric accuracy issues
    • Security concerns
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Adoption of biometric POS terminals in restaurants
    • Rising adoption of biometrics in schools
    • Emergence of contactless biometrics
  • Vendor landscape
    • Competitive scenario
      • Table Competitive scenario
    • Key vendor analysis
  • Appendix
    • List of abbreviations
  • Explore Technavio

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