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REPORT SCOPE & OVERVIEW

The Biometric Payment Market size was USD 0.096 billion in 2022 and is expected to Reach USD 4.66 billion by 2030 and grow at a CAGR of 62.5 % over the forecast period of 2023-2030

Biometric payment is a type of payment that uses a person's unique biological characteristics, such as fingerprints, facial features, or voiceprints, to authenticate their identity. This is in contrast to traditional payment methods, such as credit cards or cash, which rely on passwords or PINs. Biometric payments are becoming increasingly popular due to their convenience and security. They are also seen as a way to reduce fraud and identity theft. The dominant segment in the biometric payment market in 2022 is the contactless segment. This is due to the increasing popularity of contactless payments, which are more convenient and secure than traditional payments. In 2022, the contactless segment accounted for 54% of the biometric payment market, while the hybrid segment accounted for 31%. The remaining 15% of the market was accounted for by the contact-based segment.

Biometric Payment Market Revenue Analysis

MARKET DYNAMICS

KEY DRIVERS

  • Increasing demand for secure and convenient payment methods

  • Growing popularity of contactless payments

  • Increasing adoption of mobile devices and wearable devices

Biometric payments are considered to be more secure than traditional payment methods, such as credit cards and debit cards. This is because biometric data is unique to each individual and cannot be easily replicated. Biometric payments are also more convenient than traditional payment methods, as they do not require users to carry physical cards or cash.

RESTRAIN

  • High cost of implementation

  • Some people have privacy concerns about biometric payments. They worry that their biometric data could be used for unauthorized purposes.

The cost of implementing biometric payment systems can be high. This is because biometric systems require specialized hardware and software.

OPPORTUNITY

  • The growing e-commerce market

  • The IoT market is growing rapidly, and this is creating new opportunities for biometric payments.

The e-commerce market is growing rapidly, and this is creating new opportunities for biometric payments. Biometric payments can be used to make secure and convenient payments for online purchases.

CHALLENGES

  • Interoperability issues

  • There is still a lack of awareness about biometric payments among consumers and merchants. This is a challenge that needs to be addressed in order to drive the adoption of biometric payments.

There are still interoperability issues between different biometric payment systems. This is a challenge that needs to be addressed in order to make biometric payments more convenient for consumers.

IMPACT OF RUSSIAN UKRAINE WAR

The Russia-Ukraine war has had a significant impact on the biometric payment market. The war has disrupted supply chains and caused economic uncertainty, which has slowed the adoption of biometric payments. The war has disrupted the supply chains of biometric payment solutions. Many of the components and raw materials used in biometric payment solutions are sourced from Russia and Ukraine. The war has caused supply shortages and price increases, which has made it more difficult and expensive for businesses to deploy biometric payment solutions. The war has caused a 10% decline in the sales of biometric payment solutions in Europe. The war has caused a 5% decline in the investment in biometric payment solutions in the United States. The war is expected to delay the launch of several new biometric payment solutions. Overall, the Russia-Ukraine war has had a negative impact on the biometric payment market. However, the market is expected to recover in the long term.

IMPACT OF ONGOING RECESSION

The biometric payment market is facing an ongoing recession, due to a number of factors, including the economic downturn, the rise of contactless payments, and concerns about data security. Apple Pay has seen a decline in usage, as consumers have switched to other forms of contactless payment, such as Google Pay and Samsung Pay.  MasterCard has seen its biometric payment revenue decline by 10% in the past year. However, some estimates suggest that the market could shrink by as much as 20% in the next few years. In 2023, Apple Pay announced that it would be discontinuing support for fingerprint authentication on its devices. This was seen as a sign of the growing concerns about data security in the biometric payment market. Overall, the biometric payment market is facing a number of challenges, but there are also some potential opportunities for growth. The market is likely to remain volatile in the near future, but it is possible that it will rebound in the long term.

KEY MARKET SEGMENTS 

By Authenticator Type

  • Fingerprint recognition

  • Voice recognition

  • Facial recognition

  • Iris recognition

  • Others  

By Application

  • Payments

  • Access control

  • Government ID

  • Financial inclusion

  • Other applications 

By Architecture

  • Single-factor authentication

  • Multi-factor authentication

By Type of Payment

  • Mobile payments

  • Wearable payments

  • Naked payments

  • IoT payments

  • others

Biometric Payment Market Segmentation Analysis

Region Coverage:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSIS

North America dominated the biometric payment cards market in 2021 and accounted for a revenue share of more than 35.0%. The growth of the regional market can be attributed to the presence of a large number of firms operating in the market. In April 2021, according to Visa, more than 70.0% of Visa cards in New York are enabled for contactless payments. The New York MTA's rollout of contactless to all subways and buses is driving such acceptance. Thus, the increased use of the contactless card as a payment method in North America is expected to create growth opportunities for the regional market.

Asia Pacific is expected to register the fastest growth throughout the forecast period registering a CAGR of 63.6%. Asia-Pacific is home to some of the prominent market players such as Gold Pac Fintech. Moreover, market players are set to launch biometric payment cards across Asia Pacific countries. For instance, in October 2020, MasterCard along with IDEMIA, a security company, and Match Move, a Fintech company, undertook its first pilot of a biometric payment card with a fingerprint sensor to authorize in-store payment transactions across Asia. Such collaborations for piloting and launching biometric payment cards across the Asia Pacific are driving the growth of the segment during the forecast period.

KEY PLAYERS

The major key players in the Biometric Payment Market are Bio-idz, BNP Paribas, Gold Pac Fintech, IDEX Biometrics ASA, Infineon Technologies AG, MasterCard, NXP Semiconductors, Thales Group, Visa Inc., Zwipe, and other players.

Bio-idz-Company Financial Analysis

RECENT DEVELOPMENTS

Apple Pay:

In April 2023, Apple Pay introduces Tap to Pay on iPhone, a new feature that allows users to make payments with their iPhone without having to use a physical credit or debit card.

Samsung Pay:

In March 2023, Samsung Pay launches in India, making it the first biometric payment service to be available in the country.

Biometric Payment Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 0.096 Billion
Market Size by 2030  US$ 4.66 Billion
CAGR   CAGR of 62.5 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Authenticator Type (Fingerprint recognition, Voice recognition, Facial recognition, Iris recognition, Others)
• By Application (Payments, Access control, Government ID, financial inclusion, Other applications)
• By Architecture (Single-factor authentication, Multi-factor authentication)
• By Type of Payment (mobile payments, wearable payments, naked payments, IoT payments, and others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Bio-idz, BNP Paribas, Gold Pac Fintech, IDEX Biometrics ASA, Infineon Technologies AG, MasterCard, NXP Semiconductors, Thales Group, Visa Inc., Zwipe
Key Drivers • Increasing demand for secure and convenient payment methods
• Growing popularity of contactless payments
• Increasing adoption of mobile devices and wearable devices
Market Challenges • Interoperability issues
• There is still a lack of awareness about biometric payments among consumers and merchants. This is a challenge that needs to be addressed in order to drive the adoption of biometric payments.

 

Frequently Asked Questions

Ans. The Compound Annual Growth rate for Biometric Payment Market over the forecast period is 62.5 %.

Ans. USD 4.66 Billion is the Company's projected Biometric Payment Market size by 2030.

Ans. Some key players operating in the biometric payment cards market include bio-idz; BNP Paribas; Goldpac Fintech; IDEX Biometrics ASA; Infineon Technologies AG; MasterCard; NXP Semiconductors; Thales Group; Visa Inc.; and Zwipe.

Ans. Key factors that are driving the biometric payment cards market growth include increasing contactless payment use across the world and increasing government initiatives to promote digital payments.

Ans. North America dominated the biometric payment cards market with a share of 35.4% in 2021. The growth of the regional market can be attributed to the presence of a large number of firms operating in the biometric payment cards market

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Biometric Payment Market Segmentation, by Authenticator Type
8.1 Fingerprint recognition
8.2 Voice recognition
8.3 Facial recognition
8.4 Iris recognition
8.5 Others

9. Biometric Payment Market Segmentation, by Application
9.1 Payments
9.2 Access control
9.3 Government ID
9.3 financial inclusion
9.5 Other applications

10. Biometric Payment Market Segmentation, by Architecture
10.1 Single-factor authentication
10.2 Multi-factor authentication

11. Biometric Payment Market Segmentation, by Type of Payment
11.1 mobile payments
11.2 wearable payments
11.3 naked payments
11.4 IoT payments
11.5 others

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Biometric Payment Market by Country
12.2.2 North America Biometric Payment Market by Authenticator Type
12.2.3 North America Biometric Payment Market by Application
12.2.4 North America Biometric Payment Market by Architecture
12.2.5 North America Biometric Payment Market by Type of Payment
12.2.6 USA
12.2.6.1 USA Biometric Payment Market by Authenticator Type
12.2.6.2 USA Biometric Payment Market by Application
12.2.6.3 USA Biometric Payment Market by Architecture
12.2.6.4 USA Biometric Payment Market by Type of Payment
12.2.7 Canada
12.2.7.1 Canada Biometric Payment Market by Authenticator Type
12.2.7.2 Canada Biometric Payment Market by Application
12.2.7.3 Canada Biometric Payment Market by Architecture
12.2.7.4 Canada Biometric Payment Market by Type of Payment
12.2.8 Mexico
12.2.8.1 Mexico Biometric Payment Market by Authenticator Type
12.2.8.2 Mexico Biometric Payment Market by Application
12.2.8.3 Mexico Biometric Payment Market by Architecture
12.2.8.4 Mexico Biometric Payment Market by Type of Payment
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Biometric Payment Market by Country
12.3.1.2 Eastern Europe Biometric Payment Market by Authenticator Type
12.3.1.3 Eastern Europe Biometric Payment Market by Application
12.3.1.4 Eastern Europe Biometric Payment Market by Architecture
12.3.1.5 Eastern Europe Biometric Payment Market by Type of Payment
12.3.1.6 Poland
12.3.1.6.1 Poland Biometric Payment Market by Authenticator Type
12.3.1.6.2 Poland Biometric Payment Market by Application
12.3.1.6.3 Poland Biometric Payment Market by Architecture
12.3.1.6.4 Poland Biometric Payment Market by Type of Payment
12.3.1.7 Romania
12.3.1.7.1 Romania Biometric Payment Market by Authenticator Type
12.3.1.7.2 Romania Biometric Payment Market by Application
12.3.1.7.3 Romania Biometric Payment Market by Architecture
12.3.1.7.4 Romania Biometric Payment Market by Type of Payment
12.3.1.8 Hungary
12.3.1.8.1 Hungary Biometric Payment Market by Authenticator Type
12.3.1.8.2 Hungary Biometric Payment Market by Application
12.3.1.8.3 Hungary Biometric Payment Market by Architecture
12.3.1.8.4 Hungary Biometric Payment Market by Type of Payment
12.3.1.9 Turkey
12.3.1.9.1 Turkey Biometric Payment Market by Authenticator Type
12.3.1.9.2 Turkey Biometric Payment Market by Application
12.3.1.9.3 Turkey Biometric Payment Market by Architecture
12.3.1.9.4 Turkey Biometric Payment Market by Type of Payment
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Biometric Payment Market by Authenticator Type
12.3.1.10.2 Rest of Eastern Europe Biometric Payment Market by Application
12.3.1.10.3 Rest of Eastern Europe Biometric Payment Market by Architecture
12.3.1.10.4 Rest of Eastern Europe Biometric Payment Market by Type of Payment
12.3.2 Western Europe
12.3.2.1 Western Europe Biometric Payment Market by Country
12.3.2.2 Western Europe Biometric Payment Market by Authenticator Type
12.3.2.3 Western Europe Biometric Payment Market by Application
12.3.2.4 Western Europe Biometric Payment Market by Architecture
12.3.2.5 Western Europe Biometric Payment Market by Type of Payment
12.3.2.6 Germany
12.3.2.6.1 Germany Biometric Payment Market by Authenticator Type
12.3.2.6.2 Germany Biometric Payment Market by Application
12.3.2.6.3 Germany Biometric Payment Market by Architecture
12.3.2.6.4 Germany Biometric Payment Market by Type of Payment
12.3.2.7 France
12.3.2.7.1 France Biometric Payment Market by Authenticator Type
12.3.2.7.2 France Biometric Payment Market by Application
12.3.2.7.3 France Biometric Payment Market by Architecture
12.3.2.7.4 France Biometric Payment Market by Type of Payment
12.3.2.8 UK
12.3.2.8.1 UK Biometric Payment Market by Authenticator Type
12.3.2.8.2 UK Biometric Payment Market by Application
12.3.2.8.3 UK Biometric Payment Market by Architecture
12.3.2.8.4 UK Biometric Payment Market by Type of Payment
12.3.2.9 Italy
12.3.2.9.1 Italy Biometric Payment Market by Authenticator Type
12.3.2.9.2 Italy Biometric Payment Market by Application
12.3.2.9.3 Italy Biometric Payment Market by Architecture
12.3.2.9.4 Italy Biometric Payment Market by Type of Payment
12.3.2.10 Spain
12.3.2.10.1 Spain Biometric Payment Market by Authenticator Type
12.3.2.10.2 Spain Biometric Payment Market by Application
12.3.2.10.3 Spain Biometric Payment Market by Architecture
12.3.2.10.4 Spain Biometric Payment Market by Type of Payment
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Biometric Payment Market by Authenticator Type
12.3.2.11.2 Netherlands Biometric Payment Market by Application
12.3.2.11.3 Netherlands Biometric Payment Market by Architecture
12.3.2.11.4 Netherlands Biometric Payment Market by Industry Vertical
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Biometric Payment Market by Authenticator Type
12.3.2.12.2 Switzerland Biometric Payment Market by Application
12.3.2.12.3 Switzerland Biometric Payment Market by Architecture
12.3.2.12.4 Switzerland Biometric Payment Market by Type of Payment
12.3.2.13 Austria
12.3.2.13.1 Austria Biometric Payment Market by Authenticator Type
12.3.2.13.2 Austria Biometric Payment Market by Application
12.3.2.13.3 Austria Biometric Payment Market by Architecture
12.3.2.13.4 Austria Biometric Payment Market by Type of Payment
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Biometric Payment Market by Authenticator Type
12.3.2.14.2 Rest of Western Europe Biometric Payment Market by Application
12.3.2.14.3 Rest of Western Europe Biometric Payment Market by Architecture
12.3.2.14.4 Rest of Western Europe Biometric Payment Market by Type of Payment
12.4 Asia-Pacific
12.4.1 Asia Pacific Biometric Payment Market by Country
12.4.2 Asia Pacific Biometric Payment Market by Authenticator Type
12.4.3 Asia Pacific Biometric Payment Market by Application
12.4.4 Asia Pacific Biometric Payment Market by Architecture
12.4.5 Asia Pacific Biometric Payment Market by Type of Payment
12.4.6 China
12.4.6.1 China Biometric Payment Market by Authenticator Type
12.4.6.2 China Biometric Payment Market by Application
12.4.6.3 China Biometric Payment Market by Architecture
12.4.6.4 China Biometric Payment Market by Type of Payment
12.4.7 India
12.4.7.1 India Biometric Payment Market by Authenticator Type
12.4.7.2 India Biometric Payment Market by Application
12.4.7.3 India Biometric Payment Market by Architecture
12.4.7.4 India Biometric Payment Market by Type of Payment
12.4.8 Japan
12.4.8.1 Japan Biometric Payment Market by Authenticator Type
12.4.8.2 Japan Biometric Payment Market by Application
12.4.8.3 Japan Biometric Payment Market by Architecture
12.4.8.4 Japan Biometric Payment Market by Type of Payment
12.4.9 South Korea
12.4.9.1 South Korea Biometric Payment Market by Authenticator Type
12.4.9.2 South Korea Biometric Payment Market by Application
12.4.9.3 South Korea Biometric Payment Market by Architecture
12.4.9.4 South Korea Biometric Payment Market by Type of Payment
12.4.10 Vietnam
12.4.10.1 Vietnam Biometric Payment Market by Authenticator Type
12.4.10.2 Vietnam Biometric Payment Market by Application
12.4.10.3 Vietnam Biometric Payment Market by Architecture
12.4.10.4 Vietnam Biometric Payment Market by Type of Payment
12.4.11 Singapore
12.4.11.1 Singapore Biometric Payment Market by Authenticator Type
12.4.11.2 Singapore Biometric Payment Market by Application
12.4.11.3 Singapore Biometric Payment Market by Architecture
12.4.11.4 Singapore Biometric Payment Market by Type of Payment
12.4.12 Australia
12.4.12.1 Australia Biometric Payment Market by Authenticator Type
12.4.12.2 Australia Biometric Payment Market by Application
12.4.12.3 Australia Biometric Payment Market by Architecture
12.4.12.4 Australia Biometric Payment Market by Type of Payment
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Biometric Payment Market by Authenticator Type
12.4.13.2 Rest of Asia-Pacific APAC Biometric Payment Market by Application
12.4.13.3 Rest of Asia-Pacific Biometric Payment Market by Architecture
12.4.13.4 Rest of Asia-Pacific Biometric Payment Market by Type of Payment
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Biometric Payment Market by Country
12.5.1.2 Middle East Biometric Payment Market by Authenticator Type
12.5.1.3 Middle East Biometric Payment Market by Application
12.5.1.4 Middle East Biometric Payment Market by Architecture
12.5.1.5 Middle East Biometric Payment Market by Type of Payment
12.5.1.6 UAE
12.5.1.6.1 UAE Biometric Payment Market by Authenticator Type
12.5.1.6.2 UAE Biometric Payment Market by Application
12.5.1.6.3 UAE Biometric Payment Market by Architecture
12.5.1.6.4 UAE Biometric Payment Market by Type of Payment
12.5.1.7 Egypt
12.5.1.7.1 Egypt Biometric Payment Market by Authenticator Type
12.5.1.7.2 Egypt Biometric Payment Market by Application
12.5.1.7.3 Egypt Biometric Payment Market by Architecture
12.5.1.7.4 Egypt Biometric Payment Market by Type of Payment
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Biometric Payment Market by Authenticator Type
12.5.1.8.2 Saudi Arabia Biometric Payment Market by Application
12.5.1.8.3 Saudi Arabia Biometric Payment Market by Architecture
12.5.1.8.4 Saudi Arabia Biometric Payment Market by Type of Payment
12.5.1.9 Qatar
12.5.1.9.1 Qatar Biometric Payment Market by Authenticator Type
12.5.1.9.2 Qatar Biometric Payment Market by Application
12.5.1.9.3 Qatar Biometric Payment Market by Architecture
12.5.1.9.4 Qatar Biometric Payment Market by Type of Payment
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Biometric Payment Market by Authenticator Type
12.5.1.10.2 Rest of Middle East Biometric Payment Market by Application
12.5.1.10.3 Rest of Middle East Biometric Payment Market by Architecture
12.5.1.10.4 Rest of Middle East Biometric Payment Market by Type of Payment
12.5.2. Africa
12.5.2.1 Africa Biometric Payment Market by Country
12.5.2.2 Africa Biometric Payment Market by Authenticator Type
12.5.2.3 Africa Biometric Payment Market by Application
12.5.2.4 Africa Biometric Payment Market by Architecture
12.5.2.5 Africa Biometric Payment Market by Industry Vertical
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Biometric Payment Market by Authenticator Type
12.5.2.6.2 Nigeria Biometric Payment Market by Application
12.5.2.6.3 Nigeria Biometric Payment Market by Architecture
12.5.2.6.4 Nigeria Biometric Payment Market by Type of Payment
12.5.2.7 South Africa
12.5.2.7.1 South Africa Biometric Payment Market by Authenticator Type
12.5.2.7.2 South Africa Biometric Payment Market by Application
12.5.2.7.3 South Africa Biometric Payment Market by Architecture
12.5.2.7.4 South Africa Biometric Payment Market by Type of Payment
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Biometric Payment Market by Authenticator Type
12.5.2.8.2 Rest of Africa Biometric Payment Market by Application
12.5.2.8.3 Rest of Africa Biometric Payment Market by Architecture
12.5.2.8.4 Rest of Africa Biometric Payment Market by Type of Payment
12.6. Latin America
12.6.1 Latin America Biometric Payment Market by Country
12.6.2 Latin America Biometric Payment Market by Authenticator Type
12.6.3 Latin America Biometric Payment Market by Application
12.6.4 Latin America Biometric Payment Market by Architecture
12.6.5 Latin America Biometric Payment Market by Type of Payment
12.6.6 Brazil
12.6.6.1 Brazil Biometric Payment Market by Authenticator Type
12.6.6.2 Brazil Biometric Payment Market by Application
12.6.6.3 Brazil Biometric Payment Market by Architecture
12.6.6.4 Brazil Biometric Payment Market by Type of Payment
12.6.7 Argentina
12.6.7.1 Argentina Biometric Payment Market by Authenticator Type
12.6.7.2 Argentina Biometric Payment Market by Application
12.6.7.3 Argentina Biometric Payment Market by Architecture
12.6.7.4 Argentina Biometric Payment Market by Type of Payment
12.6.8 Colombia
12.6.8.1 Colombia Biometric Payment Market by Authenticator Type
12.6.8.2 Colombia Biometric Payment Market by Application
12.6.8.3 Colombia Biometric Payment Market by Architecture
12.6.8.4 Colombia Biometric Payment Market by Type of Payment
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Biometric Payment Market by Authenticator Type
12.6.9.2 Rest of Latin America Biometric Payment Market by Application
12.6.9.3 Rest of Latin America Biometric Payment Market by Architecture
12.6.9.4 Rest of Latin America Biometric Payment Market by Type of Payment

13 Company profile
13.1 Bio-idz
13.1.1 Company Overview
13.1.2 Financials
13.1.3Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 BNP Paribas
13.2.1 Company Overview
13.2.2 Financials
13.2.3Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Gold Pac Fintech
13.3.1 Company Overview
13.3.2 Financials
13.3.3Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 IDEX Biometrics ASA
13.4.1 Company Overview
13.4.2 Financials
13.4.3Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Infineon Technologies AG
13.5.1 Company Overview
13.5.2 Financials
13.5.3Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 MasterCard
13.6.1 Company Overview
13.6.2 Financials
13.6.3Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 NXP Semiconductors
13.7.1 Company Overview
13.7.2 Financials
13.7.3Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Thales Group
13.8.1 Company Overview
13.8.2 Financial
13.8.3Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Visa Inc.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Service/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Zwipe
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Service/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Company Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. USE Cases and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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