LAMEA Biometric Banking Market Size, Share & Industry Trends Analysis Report By Type (Fingerprint, Facial Recognition, Hand Geometry, Iris Recognition and Others), By Vertical, By Component, By Country and Growth Forecast, 2023 - 2030

The Latin America, Middle East and Africa Biometric Banking Market would witness market growth of 18.7% CAGR during the forecast period (2023-2030).

Biometrics is an automated way of identifying customers using biological characteristics and features such as fingerprints, iris, and voice recognition. This characteristic is unique to each individual and challenging to acquire. This technology is becoming a sophisticated layer in numerous personal and business security systems.

The growth of biometric banking devices is primarily driven by enhanced security and decreased identity theft. As biometric authentication provides more secure identity verification procedures, the financial industry is rapidly adopting it. For user authentication, this technology uses physical characteristics like recognition of faces, fingerprint scanning, voice recognition, and retinal scans. Moreover, using biometrics in banking offers consumers a significant time-saving advantage over conventional banking procedures. In addition, the rise of mobile banking and contactless payments, as well as biometric authentication that meets the convenience needs of consumers, are the primary factors driving the market.

Integration of biometric technology with healthcare and banking systems in Latin America has been observed to be an emerging trend with great potential. The concept primarily revolves around using biometric data for healthcare verification, insurance claims, and payment processing. Biometric authentication can enhance the security of electronic health records. Patients can use biometrics to access their medical data securely, while banking integration can facilitate payments for medical services and insurance premiums.

The Brazil market dominated the LAMEA Biometric Banking Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $292 Million by 2030. The Argentina market is experiencing a CAGR of 19.4% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 18.4% during (2023 - 2030).

Based on Type, the market is segmented into Fingerprint, Facial Recognition, Hand Geometry, Iris Recognition and Others. Based on Vertical, the market is segmented into Retail, Transportation, Hospitality, Government, Healthcare and Others. Based on Component, the market is segmented into Hardware, Software and Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Biometric Banking Market is Projected to reach USD 16.2 Billion by 2030, at a CAGR of 16.6%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, NEC Corporation, Apple, Inc., The Charles Schwab Corporation, Mastercard Inc., Barclays Plc, Visa Inc., PayPal Holdings, Inc., Samsung Electronics Co. Ltd. and Aliph Brands.

Scope of the Study

Market Segments Covered in the Report:

By Type

• Fingerprint
• Facial Recognition
• Hand Geometry
• Iris Recognition
• Others

By Vertical

• Retail
• Transportation
• Hospitality
• Government
• Healthcare
• Others

By Component

• Hardware
• Software
• Services

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Google LLC
• NEC Corporation
• Apple, Inc.
• The Charles Schwab Corporation
• Mastercard Inc.
• Barclays Plc
• Visa Inc.
• PayPal Holdings, Inc.
• Samsung Electronics Co. Ltd.
• Aliph Brands

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Biometric Banking Market, by Type
1.4.2 LAMEA Biometric Banking Market, by Vertical
1.4.3 LAMEA Biometric Banking Market, by Component
1.4.4 LAMEA Biometric Banking Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scnerio
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2020, Jul – 2023, Jun) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. LAMEA Biometric Banking Market, by Type
5.1 LAMEA Fingerprint Market, by Country
5.2 LAMEA Facial Recognition Market, by Country
5.3 LAMEA Hand Geometry Market, by Country
5.4 LAMEA Iris Recognition Market, by Country
5.5 LAMEA Others Market, by Country

Chapter 6. LAMEA Biometric Banking Market, by Vertical
6.1 LAMEA Retail Market, by Country
6.2 LAMEA Transportation Market, by Country
6.3 LAMEA Hospitality Market, by Country
6.4 LAMEA Government Market, by Country
6.5 LAMEA Healthcare Market, by Country
6.6 LAMEA Others Market, by Country

Chapter 7. LAMEA Biometric Banking Market, by Component
7.1 LAMEA Hardware Market, by Country
7.2 LAMEA Software Market, by Country
7.3 LAMEA Services Market, by Country

Chapter 8. LAMEA Biometric Banking Market, by Country
8.1 Brazil Biometric Banking Market
8.1.1 Brazil Biometric Banking Market, by Type
8.1.2 Brazil Biometric Banking Market, by Vertical
8.1.3 Brazil Biometric Banking Market, by Component
8.2 Argentina Biometric Banking Market
8.2.1 Argentina Biometric Banking Market, by Type
8.2.2 Argentina Biometric Banking Market, by Vertical
8.2.3 Argentina Biometric Banking Market, by Component
8.3 UAE Biometric Banking Market
8.3.1 UAE Biometric Banking Market, by Type
8.3.2 UAE Biometric Banking Market, by Vertical
8.3.3 UAE Biometric Banking Market, by Component
8.4 Saudi Arabia Biometric Banking Market
8.4.1 Saudi Arabia Biometric Banking Market, by Type
8.4.2 Saudi Arabia Biometric Banking Market, by Vertical
8.4.3 Saudi Arabia Biometric Banking Market, by Component
8.5 South Africa Biometric Banking Market
8.5.1 South Africa Biometric Banking Market, by Type
8.5.2 South Africa Biometric Banking Market, by Vertical
8.5.3 South Africa Biometric Banking Market, by Component
8.6 Nigeria Biometric Banking Market
8.6.1 Nigeria Biometric Banking Market, by Type
8.6.2 Nigeria Biometric Banking Market, by Vertical
8.6.3 Nigeria Biometric Banking Market, by Component
8.7 Rest of LAMEA Biometric Banking Market
8.7.1 Rest of LAMEA Biometric Banking Market, by Type
8.7.2 Rest of LAMEA Biometric Banking Market, by Vertical
8.7.3 Rest of LAMEA Biometric Banking Market, by Component

Chapter 9. Company Profiles
9.1 Google, LLC (Kaggle Inc.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 NEC Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 SWOT Analysis
9.3 Apple Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Alibaba Cloud (Alibaba Group Holding Limited)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.5 SWOT Analysis
9.5 Mastercard, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.5.4.2 Product Launches and Product Expansions:
9.5.5 SWOT Analysis
9.6 Barclays PLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Product Launches and Product Expansions:
9.6.5 SWOT Analysis
9.7 Visa, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Recent strategies and developments:
9.7.3.1 Partnerships, Collaborations, and Agreements:
9.7.4 SWOT Analysis
9.8 PayPal Holdings, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Samsung Electronics Co., Ltd. (Samsung Group)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Product Launches and Product Expansions:
9.9.5 SWOT Analysis
9.10. Aliph Brands LLC (JawBone)
9.10.1 Company Overview
9.10.2 SWOT Analysis

TABLE 1 LAMEA Biometric Banking Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Biometric Banking Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Biometric Banking Market
TABLE 4 Product Launches And Product Expansions– Biometric Banking Market
TABLE 5 Acquisition and Mergers– Biometric Banking Market
TABLE 6 LAMEA Biometric Banking Market, by Type, 2019 - 2022, USD Million
TABLE 7 LAMEA Biometric Banking Market, by Type, 2023 - 2030, USD Million
TABLE 8 LAMEA Fingerprint Market, by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Fingerprint Market, by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Facial Recognition Market, by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Facial Recognition Market, by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Hand Geometry Market, by Country, 2019 - 2022, USD Million
TABLE 13 LAMEA Hand Geometry Market, by Country, 2023 - 2030, USD Million
TABLE 14 LAMEA Iris Recognition Market, by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Iris Recognition Market, by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Others Market, by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Others Market, by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Biometric Banking Market, by Vertical, 2019 - 2022, USD Million
TABLE 19 LAMEA Biometric Banking Market, by Vertical, 2023 - 2030, USD Million
TABLE 20 LAMEA Retail Market, by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Retail Market, by Country, 2023 - 2030, USD Million
TABLE 22 LAMEA Transportation Market, by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Transportation Market, by Country, 2023 - 2030, USD Million
TABLE 24 LAMEA Hospitality Market, by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Hospitality Market, by Country, 2023 - 2030, USD Million
TABLE 26 LAMEA Government Market, by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA Government Market, by Country, 2023 - 2030, USD Million
TABLE 28 LAMEA Healthcare Market, by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Healthcare Market, by Country, 2023 - 2030, USD Million
TABLE 30 LAMEA Others Market, by Country, 2019 - 2022, USD Million
TABLE 31 LAMEA Others Market, by Country, 2023 - 2030, USD Million
TABLE 32 LAMEA Biometric Banking Market, by Component, 2019 - 2022, USD Million
TABLE 33 LAMEA Biometric Banking Market, by Component, 2023 - 2030, USD Million
TABLE 34 LAMEA Hardware Market, by Country, 2019 - 2022, USD Million
TABLE 35 LAMEA Hardware Market, by Country, 2023 - 2030, USD Million
TABLE 36 LAMEA Software Market, by Country, 2019 - 2022, USD Million
TABLE 37 LAMEA Software Market, by Country, 2023 - 2030, USD Million
TABLE 38 LAMEA Services Market, by Country, 2019 - 2022, USD Million
TABLE 39 LAMEA Services Market, by Country, 2023 - 2030, USD Million
TABLE 40 LAMEA Biometric Banking Market, by Country, 2019 - 2022, USD Million
TABLE 41 LAMEA Biometric Banking Market, by Country, 2023 - 2030, USD Million
TABLE 42 Brazil Biometric Banking Market, 2019 - 2022, USD Million
TABLE 43 Brazil Biometric Banking Market, 2023 - 2030, USD Million
TABLE 44 Brazil Biometric Banking Market, by Type, 2019 - 2022, USD Million
TABLE 45 Brazil Biometric Banking Market, by Type, 2023 - 2030, USD Million
TABLE 46 Brazil Biometric Banking Market, by Vertical, 2019 - 2022, USD Million
TABLE 47 Brazil Biometric Banking Market, by Vertical, 2023 - 2030, USD Million
TABLE 48 Brazil Biometric Banking Market, by Component, 2019 - 2022, USD Million
TABLE 49 Brazil Biometric Banking Market, by Component, 2023 - 2030, USD Million
TABLE 50 Argentina Biometric Banking Market, 2019 - 2022, USD Million
TABLE 51 Argentina Biometric Banking Market, 2023 - 2030, USD Million
TABLE 52 Argentina Biometric Banking Market, by Type, 2019 - 2022, USD Million
TABLE 53 Argentina Biometric Banking Market, by Type, 2023 - 2030, USD Million
TABLE 54 Argentina Biometric Banking Market, by Vertical, 2019 - 2022, USD Million
TABLE 55 Argentina Biometric Banking Market, by Vertical, 2023 - 2030, USD Million
TABLE 56 Argentina Biometric Banking Market, by Component, 2019 - 2022, USD Million
TABLE 57 Argentina Biometric Banking Market, by Component, 2023 - 2030, USD Million
TABLE 58 UAE Biometric Banking Market, 2019 - 2022, USD Million
TABLE 59 UAE Biometric Banking Market, 2023 - 2030, USD Million
TABLE 60 UAE Biometric Banking Market, by Type, 2019 - 2022, USD Million
TABLE 61 UAE Biometric Banking Market, by Type, 2023 - 2030, USD Million
TABLE 62 UAE Biometric Banking Market, by Vertical, 2019 - 2022, USD Million
TABLE 63 UAE Biometric Banking Market, by Vertical, 2023 - 2030, USD Million
TABLE 64 UAE Biometric Banking Market, by Component, 2019 - 2022, USD Million
TABLE 65 UAE Biometric Banking Market, by Component, 2023 - 2030, USD Million
TABLE 66 Saudi Arabia Biometric Banking Market, 2019 - 2022, USD Million
TABLE 67 Saudi Arabia Biometric Banking Market, 2023 - 2030, USD Million
TABLE 68 Saudi Arabia Biometric Banking Market, by Type, 2019 - 2022, USD Million
TABLE 69 Saudi Arabia Biometric Banking Market, by Type, 2023 - 2030, USD Million
TABLE 70 Saudi Arabia Biometric Banking Market, by Vertical, 2019 - 2022, USD Million
TABLE 71 Saudi Arabia Biometric Banking Market, by Vertical, 2023 - 2030, USD Million
TABLE 72 Saudi Arabia Biometric Banking Market, by Component, 2019 - 2022, USD Million
TABLE 73 Saudi Arabia Biometric Banking Market, by Component, 2023 - 2030, USD Million
TABLE 74 South Africa Biometric Banking Market, 2019 - 2022, USD Million
TABLE 75 South Africa Biometric Banking Market, 2023 - 2030, USD Million
TABLE 76 South Africa Biometric Banking Market, by Type, 2019 - 2022, USD Million
TABLE 77 South Africa Biometric Banking Market, by Type, 2023 - 2030, USD Million
TABLE 78 South Africa Biometric Banking Market, by Vertical, 2019 - 2022, USD Million
TABLE 79 South Africa Biometric Banking Market, by Vertical, 2023 - 2030, USD Million
TABLE 80 South Africa Biometric Banking Market, by Component, 2019 - 2022, USD Million
TABLE 81 South Africa Biometric Banking Market, by Component, 2023 - 2030, USD Million
TABLE 82 Nigeria Biometric Banking Market, 2019 - 2022, USD Million
TABLE 83 Nigeria Biometric Banking Market, 2023 - 2030, USD Million
TABLE 84 Nigeria Biometric Banking Market, by Type, 2019 - 2022, USD Million
TABLE 85 Nigeria Biometric Banking Market, by Type, 2023 - 2030, USD Million
TABLE 86 Nigeria Biometric Banking Market, by Vertical, 2019 - 2022, USD Million
TABLE 87 Nigeria Biometric Banking Market, by Vertical, 2023 - 2030, USD Million
TABLE 88 Nigeria Biometric Banking Market, by Component, 2019 - 2022, USD Million
TABLE 89 Nigeria Biometric Banking Market, by Component, 2023 - 2030, USD Million
TABLE 90 Rest of LAMEA Biometric Banking Market, 2019 - 2022, USD Million
TABLE 91 Rest of LAMEA Biometric Banking Market, 2023 - 2030, USD Million
TABLE 92 Rest of LAMEA Biometric Banking Market, by Type, 2019 - 2022, USD Million
TABLE 93 Rest of LAMEA Biometric Banking Market, by Type, 2023 - 2030, USD Million
TABLE 94 Rest of LAMEA Biometric Banking Market, by Vertical, 2019 - 2022, USD Million
TABLE 95 Rest of LAMEA Biometric Banking Market, by Vertical, 2023 - 2030, USD Million
TABLE 96 Rest of LAMEA Biometric Banking Market, by Component, 2019 - 2022, USD Million
TABLE 97 Rest of LAMEA Biometric Banking Market, by Component, 2023 - 2030, USD Million
TABLE 98 Key Information – Google, LLc
TABLE 99 KEY INFORMATION – NEC Corporation
TABLE 100 Key Information – Apple Inc.
TABLE 101 Key Information – Alibaba Cloud
TABLE 102 Key Information – Mastercard, Inc.
TABLE 103 Key Information – Barclays PLC
TABLE 104 Key Information – Visa, Inc.
TABLE 105 Key Information – PayPal Holdings, Inc.
TABLE 106 Key Information – Samsung Electronics Co., Ltd.
TABLE 107 Key Information – Aliph Brands LLC

List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Biometric Banking Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Biometric Banking Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2020, JuL – 2023, Jun) Leading Players
FIG 7 Porter’s Five Forces Analysis - Biomatric Banking Market
FIG 8 LAMEA Biometric Banking Market share, by Type, 2022
FIG 9 LAMEA Biometric Banking Market share, by Type, 2030
FIG 10 LAMEA Biometric Banking Market, by Type, 2019 - 2030, USD Million
FIG 11 LAMEA Biometric Banking Market share, by Vertical, 2022
FIG 12 LAMEA Biometric Banking Market share, by Vertical, 2030
FIG 13 LAMEA Biometric Banking Market, by Vertical, 2019 - 2030, USD Million
FIG 14 LAMEA Biometric Banking Market share, by Component, 2022
FIG 15 LAMEA Biometric Banking Market share, by Component, 2030
FIG 16 LAMEA Biometric Banking Market, by Component, 2019 - 2030, USD Million
FIG 17 LAMEA Biometric Banking Market share, by Country, 2022
FIG 18 LAMEA Biometric Banking Market share, by Country, 2030
FIG 19 LAMEA Biometric Banking Market, by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments:Google,LLc
FIG 21 SWOT Analysis: Google LLC.
FIG 22 SWOT Analysis: NEC Corporation
FIG 23 SWOT Analysis: Apple, Inc.
FIG 24 SWOT Analysis: Alibaba Cloud
FIG 25 Recent strategies and developments:Mastercard,Inc.
FIG 26 SWOT Analysis: Mastercard, Inc.
FIG 27 SWOT Analysis: Barclays Plc
FIG 28 SWOT Analysis: Visa, Inc.
FIG 29 Recent strategies and developments: PayPal Holdings, Inc.
FIG 30 SWOT Analysis: PayPal Holdings, Inc.
FIG 31 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 32 SWOT Analysis: Aliph Brands LLC