Global Biometrics for Banking and Financial Services Market Report 2023-2030: Digital Onboarding Initiatives of Banks Present Favorable Outlook for Biometrics Technologies
DUBLIN, Sept. 11, 2023 /PRNewswire/ -- The "Biometrics for Banking and Financial Services: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Biometrics for Banking and Financial Services Market to Reach $15.2 Billion by 2030
The global market for Biometrics for Banking and Financial Services estimated at US$5.2 Billion in the year 2022, is projected to reach a revised size of US$15.2 Billion by 2030, growing at a CAGR of 14.4% over the analysis period 2022-2030.
The global biometrics market for banking and financial services presents a comprehensive analysis of recent, current, and future trends. The breakdown further includes specific biometric technologies, such as fingerprint and face recognition, and explores their respective revenues for the aforementioned regions. This comprehensive analysis provides a 15-year perspective, examining percentage breakdowns of value revenues for key years like 2015, 2023, and 2030.
Fingerprint, one of the segments analyzed in the report, is projected to record a 15.1% CAGR and reach US$9.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Face segment is readjusted to a revised 12.7% CAGR for the next 8-year period.
The data underscores the dynamic nature of the biometrics industry in the banking and financial services sector, offering insights that can shape strategic decisions and future developments in this rapidly evolving field.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 10.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR.
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