Biometric Payment Card Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Card Type (Credit Card, Debit Card); End Use (Retail, Transportation, Healthcare, Hospitality, Government, Others) and Geography
Report Code: TIPRE00027325
| No. of Pages: 150
| Category: Electronics and Semiconductor
| Status: Upcoming
A biometric payment card combines fingerprint sensors with a chip to validate the cardholder's identification during purchases in a secure and simple manner. Before beginning a transaction, the chip's sensor allows users to authenticate transactions using their fingerprints. Because the information processing takes place within the cards, retailers do not need to provide a Personnel Identification Number (PIN) during the transaction. Because of its advantages, such as high security and fast payment processing, biometric payment cards are predicted to become more popular.
The demand for biometric payment cards is being driven by customers' growing worries about the need for greater security when making card payments. According to a survey done in 2018 by Fingerprint Cards AB, a Swedish biometrics company, 38 percent of consumers worldwide were concerned about the security of their contactless cards if they were lost or stolen. Aside from security, some cardholders were concerned about the time spent recalling their card PIN at the point of transaction. Customers with biometric payment cards would be able to make payments by just tapping their card and paying for any amount with increased security.
The "Global Biometric Payment Card Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The biometric payment card market report aims to provide an overview of the biometric payment card market with detailed market segmentation by card type, end use, and geography. The global biometric payment card market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biometric payment card market player and offers key trends and opportunities in the market.
The global biometric payment card market is segmented based on card type, end use. Based on the card type, the biometric payment card market is segmented into credit card and debit card. Based on end use, the biometric payment card market is segmented into retail, transportation, healthcare, hospitality, government, others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biometric payment card market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The biometric payment card market by each region is later sub-segmented by respective countries and segments. The biometric payment card market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the biometric payment card market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the biometric payment card market in these regions.
IMPACT OF COVID-19 ON BIOMETRIC PAYMENT CARD MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the biometric payment card market. Many companies now operate their businesses on online platforms due to the lockdown conditions; more companies are adopting video as a service. Therefore, the demand for biometric payment card is increasing during COVID-19 and is also set to increase during the forecast period.
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The reports cover key developments in the biometric payment card market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from biometric payment card market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the biometric payment card market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biometric payment card market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
IDEX Biometrics ASA
Infineon Technologies AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
3.IDEX Biometrics ASA
4.Infineon Technologies AG