Global Biometric ATM Market (2012 - 2022): KBV Research

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Executive Summary (1/2)

Global Biometric ATM Market (2012 – 2022)

Knowledge Based Value (KBV) Research


Global Biometric ATM Market (2016 – 2022) to Attain Market Value of USD 1,960.0 Million by 2022, at a CAGR of 39.6%

The global Biometric ATM market is expected to attain amarket value of USD 1,960.0 million by 2022, at a CAGRof 39.6% during the forecast period, 2016-2022

Biometric ATM is referred to as self-service machinesthat use biometric technology to authenticate customersor bank account holders and allow them to withdrawcash from the ATMs

Physiological and behavioural characteristics are the twofactors used for authenticating account holders at theATM's

In 2014, physiological characteristics segment dominatedthe global biometric ATM market

The segment is estimated to generate revenue of USD1,638.2 million by 2022, at a CAGR of 40.4% during theforecast period (2016 – 2022)

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Global Biometric ATM Market (USD Million)

Source: KBV Research

https://goo.gl/1jfZ3q


Rise in adoption of advanced authentication to drive the market growth

Increasing fraud cases while conducting cash transactionthrough the ATMs has forced the banking sector to adoptadvanced authentication system such as biometrictechnology in the ATMs

Financial institutions have started adopting biometrictechnology for strengthening and securing theirinfrastructure and protect customers' banking details

Consumers in India and other emerging countries arepositive about the use of biometric scanning to securebank transactions

In addition, rural consumers in the developing anddeveloped countries are readily accepting suchtechnologies owing to rising ATM card frauds and othersecurity concerns


Global Biometric ATM Market by Geography (USD Million)




Number of ATMs is expected to increase by approximately 42%, globally

Increasing use of ATMs to make cash transactions is one of themajor drivers for the growth of ATMs

As per RBR, globally, the number of ATMs is expected to increaseby approximately 42%, and would reach 3.2 million by the end of2016

In addition, the total cash withdrawal from ATMs is expected toreach USD 128 billion by 2020

In addition, increasing urban population due to industrialization,especially in the Asia-Pacific region has increased the overallannual disposable income of individuals within this region, and inturn has increased the purchasing power

These factors also contribute to a steady rise in the use of ATMsfor cash withdrawal


Global Biometric ATM Market (Growth Rate in %)




Rise in adoption of advanced authentication to drive the market growth

Based on authentication type, the market is segmented intofingerprint, iris, vein, palm, face, voice recognition and others(signature, writing pattern and keystroke)

In 2014, fingerprint recognition technique dominated the globalbiometric ATM authentication type segment, with maximummarket share in terms of revenue

However, voice recognition would witness fastest growth of45.3% during the forecast period (2016-2022)

In 2014, Asia-Pacific dominated the global biometric ATMmarket, holding approximately 47.7% share in terms of revenue.Increased adoption of biometric authentication system in theATMs in countries such as Japan, India and China has helped theregion to dominate the global market


Global Biometric ATM Market (Growth Rate in %)




Companies Profiled

Some of the major companies profiled in the global biometric ATM market are

Siemens AG

Hitachi Ltd.

Magal Security Systems, Ltd.

Cisco Systems, Inc.

Robert Bosch GmbH

Tyco International Plc

Honeywell International, Inc.

Panasonic Corporation

Diebold Inc. and

Glory ltd.




Global Biometric ATM Market Segmentation

By Individual Characteristic

Physiological Characteristic

Behavioural Characteristic


By Authentication Type

Fingerprint Recognition

Iris Recognition

Palm Recognition

Vein Recognition

Face Recognition

Voice Recognition

Other Recognitions

By Solution Type

Deployment Solution

Managed Services



Global Biometric ATM Market Segmentation - Geography

North America Biometric ATM Market

U.S. Biometric ATM Market

Canada Biometric ATM Market

Mexico Biometric ATM Market

Rest of North America Biometric ATM Market


Europe Biometric ATM Market

Russia Biometric ATM Market

Germany Biometric ATMMarket

U.K. Biometric ATM Market

France Biometric ATM Market

Spain Biometric ATM Market

Italy Biometric ATM Market

Rest of Europe Biometric ATMMarket

Asia-Pacific Biometric ATMMarket

China Biometric ATM Market

Japan Biometric ATM Market

India Biometric ATM Market

South Korea Biometric ATMMarket

Singapore Biometric ATMMarket

Malaysia Biometric ATMMarket

Rest of Asia-Pacific BiometricATM Market



Global Biometric ATM Market Segmentation - Geography

LAMEA Biometric ATM Market

Brazil Biometric ATM Market

Argentina Biometric ATM Market

UAE Biometric ATM Market

Saudi Arabia Biometric ATM Market

South Africa Biometric ATM Market

Nigeria Biometric ATM Market

Rest of LAMEA Biometric ATM Market




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Relate Reports

North America Biometric ATM Market (2012 - 2022)

Europe Biometric ATM Market (2012 - 2022)

Asia-Pacific Biometric ATM Market (2012 - 2022)

LAMEA Biometric ATM Market (2012 - 2022)


Media Relations ContactAlan D'souzaGlobal Manager - SalesKBV ResearchTelephone: 646-661-6066Email: [email protected]: https://www.kbvresearch.com


http://www.kvbresearch.com/


Key Vendor Mapping

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Global Biometric ATM Market (2012 - 2022): KBV Research

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