The Europe Face-swiping Payment Market would witness market growth of 16.8% CAGR during the forecast period (2022-2028).
Traditional face recognition technology is primarily based on the recognition of faces in visible pictures, which includes both people and animals. The familiar recognition approach has a development history that spans more than 30 years. The system for resolving illumination concerns includes face identification in three-dimensional vision, although thermal imaging of the face is unknown.
However, neither technique is developed, and the recognition impact is inadequate. Multiple light sources face-based active near-infrared image identification technology is the quickly developing answer. Integral systematisms in terms of accuracy, stability, and speed may surpass that of 3-D view face recognition in terms of precision, stability, and speed. It can overcome the influence of light changes and has achieved brilliant recognition performance.
The rapid development of this talent over the past year has made facial recognition technology increasingly realistic. Face payment identification is a significant use of face recognition. In conventional charging mode, the customer must present a bank card to the cashier, who then swipes the card based on the toll amount. By making, and entering the client's bank card password, the payment system can access the client's account.
The market in Europe is being driven by the increasing adoption of cloud solutions by small and medium-sized organizations. The rise of the market has been propelled by the rising development of cloud-based PoS solutions by the leading businesses to meet the needs of the expanding restaurant and retail sectors. The United Kingdom has a strong retail history and is home to both well-known worldwide corporations and tiny, independent firms. The United Kingdom continues this accomplishment by providing direct assistance and a range of retail technology networks to the industry.
The Germany market dominated the Europe Face-swiping Payment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $716.9 million by 2028. The UK market is anticipated to grow at a CAGR of 15.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 17.7% during (2022 - 2028).
Based on Type, the market is segmented into Payment Equipment (POS Equipment and Kiosk) and Payment System. Based on Application, the market is segmented into Retail, Restaurant, Travel, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Face-swiping Payment Market will Hit $11.9 Billion by 2028, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ant Group (Alipay) (Alibaba Holding), NEC Corporation, Mastercard, Inc., PopID, Inc. (Cali Group), PayByFace B.V., VisionLabs (Mobile TeleSystems OJSC), SnapPay, Inc., CloudWalk Technology Co. Ltd., and PAX Global Technology Limited.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Payment Equipment
- Payment System
By Application
- Retail
- Restaurant
- Travel
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Ant Group (Alipay) (Alibaba Holding)
- NEC Corporation
- Mastercard, Inc.
- PopID, Inc. (Cali Group)
- PayByFace B.V.
- VisionLabs (Mobile TeleSystems OJSC)
- SnapPay, Inc.
- CloudWalk Technology Co. Ltd.
- PAX Global Technology Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Face-swiping Payment Market, by Type
1.4.2 Europe Face-swiping Payment Market, by Application
1.4.3 Europe Face-swiping Payment Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Face-swiping Payment Market by Type
3.1 Europe Payment Equipment Market by Country
3.2 Europe Face-swiping Payment Market by Payment Equipment Type
3.2.1 Europe POS Equipment Market by Country
3.2.2 Europe Kiosk Market by Country
3.3 Europe Payment System Market by Country
Chapter 4. Europe Face-swiping Payment Market by Application
4.1 Europe Retail Market by Country
4.2 Europe Restaurant Market by Country
4.3 Europe Travel Market by Country
4.4 Europe Others Market by Country
Chapter 5. Europe Face-swiping Payment Market by Country
5.1 Germany Face-swiping Payment Market
5.1.1 Germany Face-swiping Payment Market by Type
5.1.1.1 Germany Face-swiping Payment Market by Payment Equipment Type
5.1.2 Germany Face-swiping Payment Market by Application
5.2 UK Face-swiping Payment Market
5.2.1 UK Face-swiping Payment Market by Type
5.2.1.1 UK Face-swiping Payment Market by Payment Equipment Type
5.2.2 UK Face-swiping Payment Market by Application
5.3 France Face-swiping Payment Market
5.3.1 France Face-swiping Payment Market by Type
5.3.1.1 France Face-swiping Payment Market by Payment Equipment Type
5.3.2 France Face-swiping Payment Market by Application
5.4 Russia Face-swiping Payment Market
5.4.1 Russia Face-swiping Payment Market by Type
5.4.1.1 Russia Face-swiping Payment Market by Payment Equipment Type
5.4.2 Russia Face-swiping Payment Market by Application
5.5 Spain Face-swiping Payment Market
5.5.1 Spain Face-swiping Payment Market by Type
5.5.1.1 Spain Face-swiping Payment Market by Payment Equipment Type
5.5.2 Spain Face-swiping Payment Market by Application
5.6 Italy Face-swiping Payment Market
5.6.1 Italy Face-swiping Payment Market by Type
5.6.1.1 Italy Face-swiping Payment Market by Payment Equipment Type
5.6.2 Italy Face-swiping Payment Market by Application
5.7 Rest of Europe Face-swiping Payment Market
5.7.1 Rest of Europe Face-swiping Payment Market by Type
5.7.1.1 Rest of Europe Face-swiping Payment Market by Payment Equipment Type
5.7.2 Rest of Europe Face-swiping Payment Market by Application
Chapter 6. Company Profiles
6.1 Ant Group (Alipay) (Alibaba Holding)
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental Analysis
6.1.4 Recent strategies and developments:
6.1.4.1 Product Launches and Product Expansions:
6.2 NEC Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.3 Mastercard, Inc.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.3.4 Recent strategies and developments:
6.3.4.1 Partnerships, Collaborations, and Agreements:
6.3.4.2 Product Launches and Product Expansions:
6.4 PopID, Inc. (Cali Group)
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Partnerships, Collaborations, and Agreements:
6.5 PayByFace B.V.
6.5.1 Company Overview
6.6 VisionLabs (Mobile TeleSystems OJSC)
6.6.1 Company Overview
6.7 SnapPay, Inc.
6.7.1 Company Overview
6.8 CloudWalk Technology Co. Ltd.
6.8.1 Company Overview
6.9 PAX Global Technology Limited
6.9.1 Company Overview
TABLE 1 Europe Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 2 Europe Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 3 Europe Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 4 Europe Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 5 Europe Payment Equipment Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Payment Equipment Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 8 Europe Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 9 Europe POS Equipment Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe POS Equipment Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Kiosk Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Kiosk Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Payment System Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Payment System Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 16 Europe Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 17 Europe Retail Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Retail Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Restaurant Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Restaurant Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Travel Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Travel Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Face-swiping Payment Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Face-swiping Payment Market by Country, 2022 - 2028, USD Million
TABLE 27 Germany Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 28 Germany Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 29 Germany Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 30 Germany Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 31 Germany Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 32 Germany Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 33 Germany Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 34 Germany Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 35 UK Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 36 UK Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 37 UK Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 38 UK Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 39 UK Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 40 UK Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 41 UK Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 42 UK Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 43 France Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 44 France Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 45 France Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 46 France Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 47 France Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 48 France Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 49 France Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 50 France Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 51 Russia Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 52 Russia Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 53 Russia Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 54 Russia Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 55 Russia Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 56 Russia Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 57 Russia Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 58 Russia Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 59 Spain Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 60 Spain Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 61 Spain Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 62 Spain Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 63 Spain Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 64 Spain Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 65 Spain Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 66 Spain Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 67 Italy Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 68 Italy Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 69 Italy Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 70 Italy Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 71 Italy Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 72 Italy Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 73 Italy Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 74 Italy Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 75 Rest of Europe Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 76 Rest of Europe Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 77 Rest of Europe Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 78 Rest of Europe Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 79 Rest of Europe Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 80 Rest of Europe Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 81 Rest of Europe Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 82 Rest of Europe Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 83 Key Information – Ant Group
TABLE 84 KEY INFORMATION – NEC Corporation
TABLE 85 key Information – Mastercard, Inc.
TABLE 86 Key Information – PopID, Inc.
TABLE 87 Key Information – PayByFace B.V.
TABLE 88 Key Information – VisionLabs
TABLE 89 Key Information – SnapPay, Inc.
TABLE 90 Key Information – CloudWalk Technology Co. Ltd.
TABLE 91 Key Information – PAX Global Technology Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Mastercard, Inc.