January 3, 2020

Biometrics in Retail Market Report Till 2024 | Industry Forecast & Deep Analysis

The global Biometrics in Retail Market report offers a complete overview of the industry with details on the company shares, emerging trends, forecast data, in-depth analysis and an outlook of the market on a global platform. The report also focuses on market drivers, restraints, and key manufacturers. The report offers segmentation of the market and regional analysis for the forecasted period from 2019 to 2024. Additionally, this report also discusses the market growth, opportunities, challenges and the risks faced by key manufacturers and the market as a whole.

The global Biometrics in Retail market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform. The report further highlights the market drivers, restraints and the top manufacturers at the global and regional levels. For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period within 2019 to 2024.

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The increased instances of forgery and product thefts in the retail sector have increased the need for high-level security systems during the forecast period. Since the process of authentication in biometric systems is based on biological characteristics, such as fingerprint, facial, hand geometry, and vein patterns, their augmented implementation by organizations is envisaged to result in market growth during the predicted period. The advent of contactless biometrics is the key driver for the growth of this market. Recently, it has been observed that many organizations are reluctant to adopt contact biometric solutions owing to increased instances of communicable diseases like Ebola and swine influenza. This reluctance has forced vendors to develop equipment like contactless fingerprint scanners that are suitable for organizations, which are specific about their hygiene standards.North America dominated the market share during 2017. The presence of many global restaurant chains and supermarkets in this region are envisaged to bolster growth in this geography during the estimated period.

According to this study, over the next five years the Biometrics in Retail market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Biometrics in Retail business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Biometrics in Retail market by product type, application, key companies and key regions.

The key manufacturers covered in this report: Breakdown data in Chapter 3.

  • Crossmatch Technologies
  • Honeywell Security
  • M2SYS Technology
  • NEC
  • Safran
  • Suprema
  • Others

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This study considers the Biometrics in Retail value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.

  • Fingerprint Identification
  • Facial Recognition
  • Vein Recognition


Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.

  • Online Retail
  • Offline Retail

This report also splits the market by region: Breakdown data in Chapters 4, 5, 6, 7 and 8.

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • .........

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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