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Home » Articles » Juniper research: Biometric In-store Payments Market 2024-2028

Juniper research: Biometric In-store Payments Market 2024-2028

by GLO
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Unravel critical understanding of this rapidly emerging market in this brand-new report; enabling payment companies, biometric card manufacturers and biometric in-store terminal vendors to shape future business models.

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The report features an extensive assessment of trends driving biometric in-store payments growth and the challenges restricting its potential; focusing on palm vein, fingerprint recognition, facial recognition and iris recognition, which can provide greater ease for merchants and consumers. Including a rare evaluation of 16 leading vendors, the research explores key strategies and positioning in the market; revealing significant forecast data across 60 countries and several different segments.

Key Market Statistics
Total transaction value in 2024: $429.1 billion
Total transaction value in 2028: $1.2 trillion
2024 to 2028 growth: 113.6%

Biometric In-store Payments research suite provides in-depth analysis and evaluation of how the in-store payments ecosystem is adapting to include biometric payment solutions. Focusing on palm vein, fingerprint recognition, facial recognition and iris recognition, which can provide greater ease for merchants and consumers.

The suite includes both a data deliverable, sizing the market and providing key forecast data across 60 countries and several different segments, and a Strategy & Forecasts document which gives a complete assessment of the key trends, challenges and recommendations for stakeholders. Collectively, they provide a critical tool for understanding this rapidly emerging market; allowing payment companies, biometric card manufacturers and biometric in-store terminal vendors to shape their future business model.

Key Features: 

  • Market Dynamics: Insights into key trends and market expansion challenges within the biometric in-store payments market; addressing challenges posed by the technical and costly nature of biometric in-store payments and ongoing consumer fears regarding level of security. It will also analyse the potential benefits it will be able to provide in the challenging in-store retail market.
  • Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and key findings within the biometric in-store payments market, accompanied by key strategic recommendations for stakeholders.
  • Benchmark Industry Forecasts: Overview into biometric in-store payments, including forecasts for total number of biometric-enabled POS terminals, transactions and spend via biometric in-store payments, split by mPOS and dedicated POS.
  • Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 16 biometric in-store payments vendors, featuring market size for major players in the biometric-in store payments industry. Delivered via the Juniper Research Competitor Leaderboard.
    • Alipay
    • Amazon
    • Fingerprints
    • G+D
    • IDEMIA
    • IDEX
    • Ingenico
    • JPMorgan
    • Mastercard
    • OVE Touch&Go
    • PayByFace
    • PayEye
    • Pop ID
    • Telpo
    • Tencent
    • Thales

Market Data & Forecasts: 

The market-leading research suite for the biometric in-store payments market includes access to the full set of forecast data of 21 tables and over 9,570 datapoints. Metrics in the research suite include:

  • Total Number of Biometric-enabled POS Devices
  • Total Number of Biometric Transactions
  • Total Spend over Biometric-enabled POS Systems

These metrics are provided for the following key market verticals:

  • mPOS
  • Dedicated POS

Juniper Research Interactive Forecast Excel contains the following functionality:

  • Statistics Analysis: Users benefit from the ability to search for specific metrics, displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
  • Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
  • Country Comparison Tool: Users can select countries and compare each of them for specific countries. The ability to export graphs is included in this tool.
  • What-if Analysis: Here, users can compare forecast metrics against their own assumptions, via five interactive scenarios. 

Source: Juniper Research 

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