Biometrics for Banking Financial Services Market to See Booming Growth : Fujitsu, NuData Security, AllTrust Networks
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New Jersey, USA — (SBWIRE) — 10/11/2022 — Worldwide Biometrics for Banking Financial Services Market In-depth Research Report 2022, Forecast to 2028 is latest research study released by AMA evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Biometrics for Banking Financial Services Market. Some of the key players profiled in the study are 3M (United States), AllTrust Networks (United States), HID Global (United States), NuData Security Inc. (Canada), United Biometrics (Paris), Fujitsu (Japan), Gemalto N.V. (Netherlands), IDEMIA (France), Ingenico S.A. (France), Nuance Communications Inc. (United States)
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Biometrics are automated methods of recognizing customers through their biological characteristics and traits such as fingerprints, iris, and voice recognition. Financial service biometrics refers to biometric systems used to aid in the flow of money. The rise in the use of biometrics in banking is helping to better secure customer transactions to prevent fraud. It helps to create a secure banking environment by establishing a concrete audit trail for transactions, reducing identity fraud and safeguarding financial data.
Influencing Market Trend
– Biometric Single Sign-on Solution for More Effective Password Management
– Mobile Payments Drives Adoption of Biometrics Technology
Market Drivers
– The rapid digitization of banking services combined with the continued need to adopt stricter customer and employee identification protocols to prevent identity theft and fraud is driving the market growth.
– Reduction in Transaction Times and Authentication Convenience, Improved Security
– Unreliability and Vulnerability of Traditional Authentication Methods Fuels Adoption of Biometrics Solutions
Opportunities:
– Biometric Payment Cards Propelling Growth in the Biometrics Market in BFSI Sector
– Alternative Way to Combat Money Laundering, Internet Transaction Fraud, And Identity Theft Related Crimes
– Advent of Artificial Intelligence (AI) To Monitor Behavioural Anomalies and Prevent Security Threats with Much More Precision
Challenges:
– Competition to Deliver Best Customer Experience and Building Customer Loyalty Whilst Ensuring Customer Security
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Furthermore, the years considered for the study are as follows:
Historical year – 2017-2021
Base year – 2021
Forecast period** – 2022 to 2027 [** unless otherwise stated]
Highlighted of Global Biometrics for Banking Financial Services Market Segments and Sub-Segment:
Market by Key Players: 3M (United States), AllTrust Networks (United States), HID Global (United States), NuData Security Inc. (Canada), United Biometrics (Paris), Fujitsu (Japan), Gemalto N.V. (Netherlands), IDEMIA (France), Ingenico S.A. (France), Nuance Communications Inc. (United States)
Market by: by Type (Face Biometrics, Voice Biometrics, Fingerprint Biometrics, Iris Biometrics, Hand Vein Biometrics, Others), Application (On-site Banking (Branch Banking, ATMs, Points of Sale, and Call centers), Online Banking, Mobile Banking (Banking Apps, and Mobile Wallets), Others), End-User (Banks, Insurance Companies, Financial Service Organizations, Others), Sales Channel (Direct Channel, Distribution Channel), Component (Hardware, Software, Services), Service Type (Identification & Authentication, Payments & Transactions, Data and Network Security, Others)
Regional Analysis for Worldwide Biometrics for Banking Financial Services Market:
– APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
– Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
– North America (U.S., Canada, and Mexico)
– South America (Brazil, Chile, Argentina, Rest of South America)
– MEA (Saudi Arabia, UAE, South Africa)
The study is a source of reliable data on: Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain and investor analysis.
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Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.
Key Points in the Market: The key features of this Biometrics for Banking Financial Services market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.
There are 15 Chapters to display the Worldwide Biometrics for Banking Financial Services Market
Chapter 1, Overview to describe Definition, Specifications and Classification of Worldwide Biometrics for Banking Financial Services market, Applications, Market Segment by Types;
Chapter 2, objective of the study.
Chapter 3, Research methodology, measures, assumptions and analytical tools
Chapter 4 and 5, Worldwide Biometrics for Banking Financial Services Market Trend Analysis, Drivers, Challenges by consumer behaviour, Marketing Channels, Value Chain Analysis
Chapter 6 and 7, to show the Worldwide Biometrics for Banking Financial Services Market Analysis, segmentation analysis, characteristics;
Chapter 8 and 9, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, about competition landscape (classification and Market Ranking)
Chapter 13, deals with Worldwide Biometrics for Banking Financial Services Market sales channel, research findings and conclusion, appendix and data source.
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