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.

Scope of Biometric ATM Market: Inquire before Buying

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 Secondary data Secondary Sources 2.3.2. Primary Research Data from Primary Sources 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 M&A By Regions, Investment and Component 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 Financial Overview Product Portfolio Business Strategy Recent Developments 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