Global Biometrics in Retail Market Size, Status Players, Key Regions, Demand, Application, Overview Future and Forecast Till 2025

Posted on 2018-07-17 by Mark Hub in Technology // 0 Comments

Albany, US, 2018-Jul-17 — /EPR Network/ —Currently, the titled “Global Biometrics in Retail Market Size, Status and Forecast 2025″ is innovating itself due to the growing market trends and stiff competition in the global market. Recently, a fresh report focusing on the Biometrics in Retail Market has been broadcasted to the huge database of Market Research Hub (MRH), which aims to present a decisive analysis of the major facts such as drivers, restraints and opportunities present for the active as well new entrants in the market. Also, the insightful report provides thorough analysis of Biometrics in Retail Market right from past trends to market forecast from 2018 to 2025 to its readers.

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This report studies the global Biometrics in Retail market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Biometrics in Retail market by companies, region, type and end-use industry.

With the increasing level of competition day by day, consumer experience management has emerged as a key differentiator between competing organizations in the retail industry. The use of Biometric identification systems has ushered an era of prompt customized service, helping the customer to reap the benefits of technology and the organization to improve their bottom-line. Moreover, biometric access control system can also be used by retail industry to cuts cost and improve efficiencies. The banking industry has already taken a big step in this direction by incorporating biometric technology in their IVR systems. This technology uses biometric voice identification to identify a customer. Once identification is done the customer detail like name, age, and other personal and banking details are pulled from the centralized database dispensing with the need to query the customer on their personal details. Besides improving the customer experience, based biometric IVR system increases the efficiency of the entire system by reducing the average handling time for each customer leading to lower operation costs and better bottom-line.

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.In 2017, the global Biometrics in Retail market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

This report focuses on the global top players, covered
Crossmatch Technologies
Honeywell Security
M2SYS Technology
NEC
Safran
Suprema
…

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India

Market segment by Type, the product can be split into
Fingerprint Identification
Facial Recognition
Hand Geometry
Vein Recognition

Market segment by Application, split into
Online Retail
Offline Retail

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Table of Contents

1 Industry Overview of Biometrics in Retail
1.1 Biometrics in Retail Market Overview
1.1.1 Biometrics in Retail Product Scope
1.1.2 Market Status and Outlook
1.2 Global Biometrics in Retail Market Size and Analysis by Regions (2013-2018)
1.2.1 United States
1.2.2 Europe
1.2.3 China
1.2.4 Japan
1.2.5 Southeast Asia
1.2.6 India
1.3 Biometrics in Retail Market by Type
1.3.1 Fingerprint Identification
1.3.2 Facial Recognition
1.3.3 Hand Geometry
1.3.4 Vein Recognition
1.4 Biometrics in Retail Market by End Users/Application
1.4.1 Online Retail
1.4.2 Offline Retail

2 Global Biometrics in Retail Competition Analysis by Players
2.1 Biometrics in Retail Market Size (Value) by Players (2013-2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future

3 Company (Top Players) Profiles
3.1 Crossmatch Technologies
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Biometrics in Retail Revenue (Million USD) (2013-2018)
3.2 Honeywell Security
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Biometrics in Retail Revenue (Million USD) (2013-2018)
3.3 M2SYS Technology
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Biometrics in Retail Revenue (Million USD) (2013-2018)
3.4 NEC
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Biometrics in Retail Revenue (Million USD) (2013-2018)

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