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Biometric ATM Market: By Product Type By Component By Application and Geography
Biometric ATM Market: By Product Type By Component By Application and Geography
Biometric ATM Market Size is expected to be valued at US$ 1,960.5 million in 2022 and is poised to grow at a CAGR of 30.3% from 2023 to 2029. There are a few factors that act as drivers such as the provision of better security that deter crimes, technological advancements and increasing number of cash withdrawals boosting the market. Lack of awareness, high-cost act as the restrains. Implementing specialized technologies for their customers for authentication provide multiple opportunities to the global biometric ATM market. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global biometric ATM market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed biometric ATM market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global biometric ATM market.
Study Period
2024-2030Base Year
2023CAGR
30.3%Largest Market
Asia-PacificFastest Growing Market
North America
It is noticed that the global biometric ATM market has a significant market growth rate on perspective of growing penetration and adoption of voice biometric solutions. Voice biometrics is the science of using a person’s voice as a uniquely identifying biological characteristic in order to authenticate them. Also referred to as voice verification or speaker recognition, voice biometrics enables fast, frictionless and highly secure access for a range of use cases from call center, mobile and online applications to chatbots, IoT devices and physical access. Voice biometrics also improves the customer experience by removing frustration associated cumbersome login processes and lost and stolen credentials.
Asia Pacific contributed major revenue followed by North America and Europe. In 2021, Asia Pacific region accounted huge growth rate and is anticipated to grow with a forecast year due to the presence of key market players and emerging countries like Japan. North America dominates on the perspective of the U.S. banking industry which is emerging as one of the main application areas of the biometric authentication method. Europe is fastest growing by government regulations regarding the securing of client data boosting the global market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 1,960.5 million |
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Market CAGR |
30.3% |
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By Product Type |
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By Application |
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By Component |
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The biometric atm market is projected to expand at a CAGR of 30.3% during the forecast period
SUPREMA, Safran, NEC Corporation, Infineon Technologies, CrossMatch Technologies, Fulcrum Biometrics, Synaptics
Asia Pacific is the fastest-growing region for biometric atm market
| 1. Executive Summary |
| 2. Global Biometric ATM Market Introduction |
| 2.1. Global Biometric ATM Market - Taxonomy |
| 2.2. Global Biometric ATM Market -Definitions |
| 2.2.1. Product Type |
| 2.2.2. Component |
| 2.2.3. Application |
| 3. Global Biometric ATM Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Biometric ATM Market Dynamic Factors - Impact Analysis |
| 3.6. Global Biometric ATM Market - Competition Landscape |
| 4. Global Biometric ATM Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Biometric ATM Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Gait Recognition |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Fingerprint Recognition |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Facial Recognition |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Iris Recognition |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Voice Recognition |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Ear Acoustic Authentication |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Global Biometric ATM Market Forecast, By Component, 2018 - 2022 and Forecast, 2020 - 2026 (Revenue, USD Mn) |
| 6.1. Hardware |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Software |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Services |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Biometric ATM Market Forecast, By Application, 2018 - 2022 and Forecast, 2020 - 2026 (Revenue, USD Mn) |
| 7.1. Forensic Voice Analysis |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Access Security |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Payment |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Biometric ATM Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Biometric ATM Market - Opportunity Analysis Index, By Product Type, Component, Application and Region, 2023 - 2029 |
| 9. North America Biometric ATM Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Gait Recognition |
| 9.1.2. Fingerprint Recognition |
| 9.1.3. Facial Recognition |
| 9.1.4. Iris Recognition |
| 9.1.5. Voice Recognition |
| 9.1.6. Ear Acoustic Authentication |
| 9.1.7. Others |
| 9.2. Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Hardware |
| 9.2.2. Software |
| 9.2.3. Services |
| 9.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Forensic Voice Analysis |
| 9.3.2. Access Security |
| 9.3.3. Payments |
| 9.3.4. Others |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Biometric ATM Market - Opportunity Analysis Index, By Product Type, Component, Application and Country, 2023 - 2029 |
| 9.6. North America Biometric ATM Market Dynamics - Trends |
| 10. Europe Biometric ATM Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Gait Recognition |
| 10.1.2. Fingerprint Recognition |
| 10.1.3. Facial Recognition |
| 10.1.4. Iris Recognition |
| 10.1.5. Voice Recognition |
| 10.1.6. Ear Acoustic Authentication |
| 10.1.7. Others |
| 10.2. Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Hardware |
| 10.2.2. Software |
| 10.2.3. Services |
| 10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Forensic Voice Analysis |
| 10.3.2. Access Security |
| 10.3.3. Payments |
| 10.3.4. Others |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Biometric ATM Market - Opportunity Analysis Index, By Product Type, Component, Application and Country, 2023 - 2029 |
| 10.6. Europe Biometric ATM Market Dynamics - Trends |
| 11. Asia-Pacific Biometric ATM Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Gait Recognition |
| 11.1.2. Fingerprint Recognition |
| 11.1.3. Facial Recognition |
| 11.1.4. Iris Recognition |
| 11.1.5. Voice Recognition |
| 11.1.6. Ear Acoustic Authentication |
| 11.1.7. Others |
| 11.2. Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Hardware |
| 11.2.2. Software |
| 11.2.3. Services |
| 11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Forensic Voice Analysis |
| 11.3.2. Access Security |
| 11.3.3. Payments |
| 11.3.4. Others |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Biometric ATM Market - Opportunity Analysis Index, By Product Type, Component, Application and Country, 2023 - 2029 |
| 11.6. Asia-Pacific Biometric ATM Market Dynamics - Trends |
| 12. Latin America Biometric ATM Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Gait Recognition |
| 12.1.2. Fingerprint Recognition |
| 12.1.3. Facial Recognition |
| 12.1.4. Iris Recognition |
| 12.1.5. Voice Recognition |
| 12.1.6. Ear Acoustic Authentication |
| 12.1.7. Others |
| 12.2. Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Hardware |
| 12.2.2. Software |
| 12.2.3. Services |
| 12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Forensic Voice Analysis |
| 12.3.2. Access Security |
| 12.3.3. Payments |
| 12.3.4. Others |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Biometric ATM Market - Opportunity Analysis Index, By Product Type, Component, Application and Country, 2023 - 2029 |
| 12.6. Latin America Biometric ATM Market Dynamics - Trends |
| 13. Middle East and Africa Biometric ATM Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Gait Recognition |
| 13.1.2. Fingerprint Recognition |
| 13.1.3. Facial Recognition |
| 13.1.4. Iris Recognition |
| 13.1.5. Voice Recognition |
| 13.1.6. Ear Acoustic Authentication |
| 13.1.7. Others |
| 13.2. Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Hardware |
| 13.2.2. Software |
| 13.2.3. Services |
| 13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Forensic Voice Analysis |
| 13.3.2. Access Security |
| 13.3.3. Payments |
| 13.3.4. Others |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Biometric ATM Market - Opportunity Analysis Index, By Product Type, Component, Application and Country, 2023 - 2029 |
| 13.6. MEA Biometric ATM Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. SUPREMA |
| 14.2.2. Safran |
| 14.2.3. NEC Corporation |
| 14.2.4. Infineon Technologies |
| 14.2.5. CrossMatch Technologies |
| 14.2.6. Fulcrum Biometrics |
| 14.2.7. Synaptics |
| 14.2.8. Techshino |
| 14.2.9. BioEnable |
| 14.2.10. Miaxis |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.