Biometric ATM Market: Global Industry Analysis and Forecast (2022 – 2029)


Biometric ATM Market is expected to grow at a CAGR of 39.21% during the forecast period and market is expected to reach US$ 42.59 Bn. by 2029.

The report covers the detailed analysis of the Biometric ATM Market with the classifications of the market on the basis of Product type, Application and region. Analysis of past market dynamics from 2017 to 2021 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.Global Biometric ATM MarketTo know about the Research Methodology :- Request Free Sample Report

A biometric device is a security identification and authentication device. Such devices use automated methods of verifying or recognizing the identity of a living person based on a behavioral characteristic or physiological. These characteristics include facial images, fingerprints, Iris and voice recognition.
A biometric ATM is specifically designed to use biometric authentication technology to identify customers and allow them to withdraw cash safely and securely. A biometric ATM provides strong & accurate authentication and allow users to access their accounts at their convenience.

Biometric ATM Market Dynamics

Many countries across the globe have become proactive in adopting new technology. New forms of authentication are developed to secure online as well as offline resources. Biometric ATMs has garnered significant attention for both fraud prevention and authentication. Therefore, many enterprises are active in implementing advanced authentication solutions for their consumers.
Financial Institutions are increasingly demanding biometric solutions due to the ever-increasing rate of data breaches. All banks are adopting biometric solutions in order to secure the sensitive information of clients and consumers. Most organizations have recognized the importance of authentication technology due to the increase in data fraud attackers, and are beginning to focus on better ways to secure end-user identities. These key factors are driving the Biometric ATM market.
Restraining factors

Biometric ATM Market Technical Issues and Accuracy:

Iris recognition, Face recognition, and voice recognition are the most preferred forms of biometric Identification among Financial Institutes; however, it faces major challenges on the technical front. For instance, lack of accuracy and misinterpretation because voice recognition solutions do not always put the words on the screen accurately, and also the context of language sometimes is not verified, often resulting in misinterpretation. Therefore, technical issues are significantly hampering the biometric ATM market worldwide. This uncertainty revolving around the system could lead to slower adoption of biometric ATMs.

Biometric ATM Market  Opportunity for Market growth:

Due to Internet penetration, the data fraud has increased, and to overcome this issue the Institutes are becoming proactive in adopting new technology to tackle this issue. Biometric ATM comes with the feature to solve the above problem. Increase in Accuracy of the system and overcoming the technical Issues gives a lot of opportunity to grow Banking ATM market.

Biometric ATM Market  Competitive Insights

Fingerprint Biometric is mostly used and would have dominance in the market with a market share of xx% during the forecast period for Biometric ATM Market, as they are quite unique and differ from person to person. It also gives the highest accuracy among other technique and less technical issue makes this technique fast and comfortable to the users. Cost is the most important aspect while deciding the technology to deploy where Fingerprint biometrics has the advantage due to low cost compare to other techniques.

Global Biometric ATM MarketBiometric ATM is mostly used for Withdrawals and would have dominance in market with market share of xx% during the forecast period for Biometric ATM Market. Because it is easy to use and the customers can withdraw the amount from any merchant, place and time by simply authentication his/her identity with the aid of biometric.

North America is anticipated to account for the major share of the global biometric ATM market during the forecast period, owing to the presence of prominent players and government funding for deploying biometric solutions to provide security and customer satisfaction, specifically in the U.S. and Canada. Europe is estimated to be the second-largest market for biometric ATMs led by the increasing government initiatives to encourage Biometric adoption, which is likely to help the growth of the biometric ATM market in the region. Asia Pacific is projected to be a rapidly expanding region of the global biometric ATM market during the forecast period, owing to the adoption of biometric solutions specifically in Singapore, China, and India, Malaysia, etc., which is expected to increase the adoption of biometric ATMs in the region.

The objective of the report is to present a comprehensive analysis of the Biometric ATM Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Biometric ATM Market dynamics, structure by analyzing the market segments and projects the Biometric ATM Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Biometric ATM Market make the report investor’s guide.

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Global Biometric ATM Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 34.15 Bn.




Forecast Period 2022 to 2029 CAGR:
2.8%
Market Size in 2029:
US $ 42.59 Bn.




 Segments Covered:
by Product
•Fingerprint Biometrics
• Iris Recognition
• Voice Recognition
• Facial Recognition




by Value
• By Product
•. By Application




by Application
• Withdrawals
• Deposits






Biometric ATM, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Biometric ATM Market Key Players are:

• Hitachi-Omron Terminal Solutions, Corp.
• NEC Corporation
• BioEnable Technologies Pvt. Ltd.
• DERMALOG Identification Systems GmbH
• Mantra Softech (India) Pvt. Ltd.
• IT Consultants Ltd
• SUPREMA
• Magal Security Systems Ltd
• Tyco International Plc
• Panasonic corporation
• Robert Bosch Gmbh
• Cisco system ltd
• Glory Ltd
• Diebold Inc
• Siemens AG

Frequently Asked questions

1. What is the market size of the Global Biometric ATM Market in 2021?
Ans. The market size Global Biometric ATM Market in 2021 was US$ 34.15 Billion.

2. What are the different segments of the Global Biometric ATM Market?
Ans. The Global Biometric ATM Market  is divided into Product, Application and Value.

3. What is the study period of this market?
Ans. The Global Biometric ATM Market will be studied from 2021 to 2029.

4. Which region is expected to hold the highest Global Biometric ATM Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Biometric ATM Market?
Ans. The Forecast Period of the market is 2022-2029 in the market. 




Global Biometric ATM Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Market Size, By Market Value (US$ Mn)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators

6. Global Biometric ATM Market Analysis and Forecast
6.1. Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Biometric ATM Market Analysis and Forecast, By Product
7.1. Introduction and Definition
7.2. Key Findings
7.3. Market Value Share Analysis, By Product
7.4. Market Size (US$ Mn) Forecast, By Product
7.5. Market Analysis, By Product
7.6. Market Attractiveness Analysis, By Product

8. Global Biometric ATM Market Analysis and Forecast, By Application
8.1. Introduction and Definition
8.2. Key Findings
8.3. Market Value Share Analysis, By Application
8.4. Market Size (US$ Mn) Forecast, By Application
8.5. Market Analysis, By Application
8.6. Market Attractiveness Analysis, By Application

9. Global Biometric ATM Market Analysis, By Region
9.1. Market Value Share Analysis, By Region
9.2. Market Size (US$ Mn) Forecast, By Region
9.3. Market Attractiveness Analysis, By Region

10. North America Biometric ATM Market Analysis
10.1. Key Findings
10.2. North America Market Overview
10.3. North America Market Value Share Analysis, By Product
10.4. North America Market Forecast, By Product
10.4.1. Fingerprint Biometrics
10.4.2. Iris Recognition
10.4.3. Voice Recognition
10.4.4. Facial Recognition
10.5. North America Market Value Share Analysis, By Application
10.6. North America Market Forecast, By Application
10.6.1. Withdrawals
10.6.2. Deposits
10.7. North America Market Value Share Analysis, By Country
10.8. North America Market Forecast, By Country
10.8.1. U.S.
10.8.2. Canada
10.8.3. Mexico
10.9. North America Market Analysis, By Country
10.10. U.S. Market Forecast, By Product
10.10.1. Fingerprint Biometrics
10.10.2. Iris Recognition
10.10.3. Voice Recognition
10.10.4. Facial Recognition
10.11. U.S. Market Forecast, By Application
10.11.1. Withdrawals
10.11.2. Deposits
10.12. Canada Market Forecast, By Product
10.12.1. Fingerprint Biometrics
10.12.2. Iris Recognition
10.12.3. Voice Recognition
10.12.4. Facial Recognition
10.13. Canada Market Forecast, By Application
10.13.1. Withdrawals
10.13.2. Deposits
10.14. Mexico Market Forecast, By Product
10.14.1. Fingerprint Biometrics
10.14.2. Iris Recognition
10.14.3. Voice Recognition
10.14.4. Facial Recognition
10.15. Mexico Market Forecast, By Application
10.15.1. Withdrawals
10.15.2. Deposits
10.16. North America Market Attractiveness Analysis
10.16.1. By Product
10.16.2. By Application
10.17. PEST Analysis
10.18. Key Trends
10.19. Key Developments

11. Europe Biometric ATM Market Analysis
11.1. Key Findings
11.2. Europe Market Overview
11.3. Europe Market Value Share Analysis, By Product
11.4. Europe Market Forecast, By Product
11.4.1. Fingerprint Biometrics
11.4.2. Iris Recognition
11.4.3. Voice Recognition
11.4.4. Facial Recognition
11.5. Europe Market Value Share Analysis, By Component
11.6. Europe Market Forecast, By Application
11.6.1. Withdrawals
11.6.2. Deposits
11.7. Europe Market Value Share Analysis, By Country
11.8. Europe Market Forecast, By Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Sweden
11.8.7. CIS countries
11.8.8. Rest of Europe
11.9. Germany Market Forecast, By Product
11.9.1. Fingerprint Biometrics
11.9.2. Iris Recognition
11.9.3. Voice Recognition
11.9.4. Facial Recognition
11.10. Germany Market Forecast, By Application
11.10.1. Withdrawals
11.10.2. Deposits
11.11. U.K. Market Forecast, By Product
11.11.1. Fingerprint Biometrics
11.11.2. Iris Recognition
11.11.3. Voice Recognition
11.11.4. Facial Recognition
11.12. U.K. Market Forecast, By Application
11.12.1. Withdrawals
11.12.2. Deposits
11.13. France Market Forecast, By Product
11.13.1. Fingerprint Biometrics
11.13.2. Iris Recognition
11.13.3. Voice Recognition
11.13.4. Facial Recognition
11.14. France Market Forecast, By Application
11.14.1. Withdrawals
11.14.2. Deposits
11.15. Italy Market Forecast, By Product
11.15.1. Fingerprint Biometrics
11.15.2. Iris Recognition
11.15.3. Voice Recognition
11.15.4. Facial Recognition
11.16. Italy Market Forecast, By Application
11.16.1. Withdrawals
11.16.2. Deposits
11.17. Spain Market Forecast, By Product
11.17.1. Fingerprint Biometrics
11.17.2. Iris Recognition
11.17.3. Voice Recognition
11.17.4. Facial Recognition
11.18. Spain Market Forecast, By Application
11.18.1. Withdrawals
11.18.2. Deposits
11.19. Sweden Market Forecast, By Product
11.19.1. Fingerprint Biometrics
11.19.2. Iris Recognition
11.19.3. Voice Recognition
11.19.4. Facial Recognition
11.20. Sweden Market Forecast, By Application
11.20.1. Withdrawals
11.20.2. Deposits
11.21. CIS countries Market Forecast, By Product
11.21.1. Fingerprint Biometrics
11.21.2. Iris Recognition
11.21.3. Voice Recognition
11.21.4. Facial Recognition
11.22. CIS countries Market Forecast, By Application
11.22.1. Withdrawals
11.22.2. Deposits
11.23. Rest of Europe Market Forecast, By Product
11.23.1. Fingerprint Biometrics
11.23.2. Iris Recognition
11.23.3. Voice Recognition
11.23.4. Facial Recognition
11.24. Rest of Europe Market Forecast, By Application
11.24.1. Withdrawals
11.24.2. Deposits
11.25. Europe Market Attractiveness Analysis
11.25.1. By Application
11.25.2. By Product
11.26. PEST Analysis
11.27. Key Trends
11.28. Key Developments

12. Asia Pacific Biometric ATM Market Analysis
12.1. Key Findings
12.2. Asia Pacific Market Overview
12.3. Asia Pacific Market Value Share Analysis, By Product
12.4. Asia Pacific Market Forecast, By Product
12.4.1. Fingerprint Biometrics
12.4.2. Iris Recognition
12.4.3. Voice Recognition
12.4.4. Facial Recognition
12.5. Asia Pacific Market Value Share Analysis, By Application
12.6. Asia Pacific Market Forecast, By Application
12.6.1. Withdrawals
12.6.2. Deposits
12.7. Asia Pacific Market Value Share Analysis, By Country
12.8. Asia Pacific Market Forecast, By Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. South Korea
12.8.5. Australia
12.8.6. ASEAN
12.8.7. Rest of Asia Pacific
12.9. Asia Pacific Market Analysis, By Country
12.10. China Market Forecast, By Product
12.10.1. Fingerprint Biometrics
12.10.2. Iris Recognition
12.10.3. Voice Recognition
12.10.4. Facial Recognition
12.11. China Market Forecast, By Application
12.11.1. Withdrawals
12.11.2. Deposits
12.12. India Market Forecast, By Product
12.12.1. Fingerprint Biometrics
12.12.2. Iris Recognition
12.12.3. Voice Recognition
12.12.4. Facial Recognition
12.13. India Market Forecast, By Application
12.13.1. Withdrawals
12.13.2. Deposits
12.14. Japan Market Forecast, By Product
12.14.1. Fingerprint Biometrics
12.14.2. Iris Recognition
12.14.3. Voice Recognition
12.14.4. Facial Recognition
12.15. Japan Market Forecast, By Application
12.15.1. Withdrawals
12.15.2. Deposits
12.16. South Korea Market Forecast, By Product
12.16.1. Fingerprint Biometrics
12.16.2. Iris Recognition
12.16.3. Voice Recognition
12.16.4. Facial Recognition
12.17. South Korea Market Forecast, By Application
12.17.1. Withdrawals
12.17.2. Deposits
12.18. Australia Market Forecast, By Product
12.18.1. Fingerprint Biometrics
12.18.2. Iris Recognition
12.18.3. Voice Recognition
12.18.4. Facial Recognition
12.19. Australia Market Forecast, By Application
12.19.1. Withdrawals
12.19.2. Deposits
12.20. ASEAN Market Forecast, By Product
12.20.1. Fingerprint Biometrics
12.20.2. Iris Recognition
12.20.3. Voice Recognition
12.20.4. Facial Recognition
12.21. ASEAN Market Forecast, By Application
12.21.1. Withdrawals
12.21.2. Deposits
12.22. Rest of Asia Pacific Market Forecast, By Product
12.22.1. Fingerprint Biometrics
12.22.2. Iris Recognition
12.22.3. Voice Recognition
12.22.4. Facial Recognition
12.23. Rest of Asia Pacific Market Forecast, By Application
12.23.1. Withdrawals
12.23.2. Deposits
12.24. Asia Pacific Market Attractiveness Analysis
12.24.1. By Product
12.24.2. By Application
12.25. PEST Analysis
12.26. Key Trends
12.27. Key Developments

13. Middle East & Africa Biometric ATM Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Market Overview
13.3. Middle East & Africa Market Value Share Analysis, By Product
13.4. Middle East & Africa Market Forecast, By Product
13.4.1. Fingerprint Biometrics
13.4.2. Iris Recognition
13.4.3. Voice Recognition
13.4.4. Facial Recognition
13.5. Middle East & Africa Market Value Share Analysis, By Component
13.6. Middle East & Africa Market Forecast, By Application
13.6.1. Withdrawals
13.6.2. Deposits
13.7. Middle East & Africa Market Value Share Analysis, By Country
13.8. Middle East & Africa Market Forecast, By Country
13.8.1. GCC Countries
13.8.2. South Africa
13.8.3. Nigeria
13.8.4. Egypt
13.8.5. Rest of Middle East & Africa
13.9. Middle East & Africa Market Analysis, By Country
13.10. GCC Countries Market Forecast, By Product
13.10.1. Fingerprint Biometrics
13.10.2. Iris Recognition
13.10.3. Voice Recognition
13.10.4. Facial Recognition
13.11. GCC Countries Market Forecast, By Application
13.11.1. Withdrawals
13.11.2. Deposits
13.12. South Africa Market Forecast, By Product
13.12.1. Fingerprint Biometrics
13.12.2. Iris Recognition
13.12.3. Voice Recognition
13.12.4. Facial Recognition
13.13. South Africa Market Forecast, By Application
13.13.1. Withdrawals
13.13.2. Deposits
13.14. Nigeria Market Forecast, By Product
13.14.1. Fingerprint Biometrics
13.14.2. Iris Recognition
13.14.3. Voice Recognition
13.14.4. Facial Recognition
13.15. Nigeria Market Forecast, By Application
13.15.1. Withdrawals
13.15.2. Deposits
13.16. Egypt Market Forecast, By Product
13.16.1. Fingerprint Biometrics
13.16.2. Iris Recognition
13.16.3. Voice Recognition
13.16.4. Facial Recognition
13.17. Egypt Market Forecast, By Application
13.17.1. Withdrawals
13.17.2. Deposits
13.18. Rest of Middle East & Africa Market Forecast, By Product
13.18.1. Fingerprint Biometrics
13.18.2. Iris Recognition
13.18.3. Voice Recognition
13.18.4. Facial Recognition
13.19. Rest of Middle East & Africa Market Forecast, By Application
13.19.1. Withdrawals
13.19.2. Deposits
13.20. Middle East & Africa Market Attractiveness Analysis
13.20.1. By Product
13.20.2. By Application
13.21. PEST Analysis
13.22. Key Trends
13.23. Key Developments

14. South America Biometric ATM Market Analysis
14.1. Key Findings
14.2. South America Market Overview
14.3. South America Market Value Share Analysis, By Product
14.4. South America Market Forecast, By Product
14.4.1. Fingerprint Biometrics
14.4.2. Iris Recognition
14.4.3. Voice Recognition
14.4.4. Facial Recognition
14.5. South America Market Value Share Analysis, By Component
14.6. South America Market Forecast, By Application
14.6.1. Withdrawals
14.6.2. Deposits
14.7. South America Market Value Share Analysis, By Country
14.8. South America Market Forecast, By Country
14.8.1. Brazil
14.8.2. Colombia
14.8.3. Argentina
14.8.4. Rest of South America
14.9. South America Market Analysis, By Country
14.10. Brazil Market Forecast, By Product
14.10.1. Fingerprint Biometrics
14.10.2. Iris Recognition
14.10.3. Voice Recognition
14.10.4. Facial Recognition
14.11. Brazil Market Forecast, By Application
14.11.1. Withdrawals
14.11.2. Deposits
14.12. Colombia Market Forecast, By Product
14.13. Fingerprint Biometrics
14.14. Iris Recognition
14.15. Voice Recognition
14.16. Facial Recognition

14.17. Colombia Market Forecast, By Application
14.17.1. Withdrawals
14.17.2. Deposits
14.18. Argentina Market Forecast, By Product
14.18.1. Fingerprint Biometrics
14.18.2. Iris Recognition
14.18.3. Voice Recognition
14.18.4. Facial Recognition
14.19. Argentina Market Forecast, By Application
14.19.1. Withdrawals
14.19.2. Deposits
14.20. Rest of South America Market Forecast, By Product
14.20.1. Fingerprint Biometrics
14.20.2. Iris Recognition
14.20.3. Voice Recognition
14.20.4. Facial Recognition
14.21. Rest of South America Market Forecast, By Application
14.21.1. Withdrawals
14.21.2. Deposits
14.22. South America Market Attractiveness Analysis
14.22.1. By Product
14.22.2. By Application
14.23. PEST Analysis
14.24. Key Trends
14.25. Key Developments

15. Company Profiles
15.1. Market Share Analysis, By Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players By price, presence, market share, Component, and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A By Regions, Investment and Component
15.2.3.2. M&A Key Players, Forward Integration and Backward Integration
15.3. Company Profiles: Key Players
15.3.1. Hitachi-Omron Terminal Solutions, Corp Company Overview
15.3.1.1. Financial Overview
15.3.1.2. Product Portfolio
15.3.1.3. Business Strategy
15.3.1.4. Recent Developments
15.3.1.5. Development Footprint
15.3.2. NEC Corporation
15.3.3. BioEnable Technologies Pvt. Ltd Denso
15.3.4. DERMALOG Identification Systems GmbH
15.3.5. Mantra Softech (India) Pvt. Ltd
15.3.6. IT Consultants Ltd
15.3.7. SUPREMA
15.3.8. Magal Security Systems Ltd
15.3.9. Tyco International Plc
15.3.10. Panasonic corporation
15.3.11. Robert Bosch Gmbh
15.3.12. Panasonic Corporation
15.3.13. Cisco system ltd

16. Primary key Insights
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