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

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

Category : Semiconductor and Electronics
Sub Category : Sensors
Published On : February  2016
Pages : 45

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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.

Technavios 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

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 
• Fujitsu
• Ingenico
• 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? 

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
PART 02: Scope of the report
Base year
Market overview
Market size calculation
Geographical segmentation
Vendor segmentation
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
How biometrics works
Components of biometrics systems
Advantages and disadvantages of biometrics in retail sector
PART 05: Market landscape
Market overview
Market size and forecast
Why biometrics for payments will not take off over the next five years
Five forces analysis
PART 06: Market segmentation by technology
PART 07: Geographical segmentation
PART 08: Market drivers
Rise in fraud at merchant POS terminals
EMV implementation to ensure secure transactions
Multimodal biometrics for time and attendance recording
PART 09: Impact of drivers
PART 10: Market challenges
Lack of standardization
High TCO
False rejections due to biometric accuracy issues
Security concerns
PART 11: Impact of drivers and challenges
PART 12: Market trends
Adoption of biometric POS terminals in restaurants
Rising adoption of biometrics in schools
Emergence of contactless biometrics
PART 13: Vendor landscape
Competitive scenario
Key vendor analysis
PART 14: Appendix
List of abbreviations
PART 15: Explore Technavio
List of Exhibits
Exhibit 01: How biometrics work
Exhibit 02: Global biometric POS terminals market 2015-2020 (millions of units)
Exhibit 03: Five forces analysis
Exhibit 04: Global biometric POS terminals market segmentation by technology
Exhibit 05: Comparison of biometric technologies
Exhibit 06: Global biometric POS terminals market by geography
Exhibit 07: Global EMV cards market 2015-2020 (billions of units)
Exhibit 08: Impact of drivers
Exhibit 09: Impact of drivers and challenges
Exhibit 10: Competitive scenario

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