Pune, Maharastra -- (SBWire) -- 03/22/2016 --RnRMarketResearch.com includes new research report on biometric point-of-sales terminals market in its store titled Global Biometric Point-Of-Sales Terminals Market 2016-2020, Biometrics refers to the identification and authentication of an individual based on their biological and behavioral characteristics. Biometrics include the authentication of an individual by evaluating one or more unique biological traits like fingerprint identification, palm-vein identification, facial recognition, iris recognition, retina identification, and voice recognition.
Complete report on biometric point-of-sales terminals market spread across 45 pages, analyzing 16 major companies and providing 10 data exhibits is now available at http://www.rnrmarketresearch.com/global-biometric-point-of-sales-terminals-market-2016-2020-market-report.html
The analysts forecast global biometric POS terminals market to grow at a CAGR of 26.94% during the period 2016-2020.
Biometric technology is widely preferred among enterprises and educational institutions for payment at POS terminals over traditional authentication methods involving passwords and personal identification numbers (PINs). This is because biometrics is difficult to replicate unlike passwords and PINs, which can be easily hacked. Biometric POS terminals, integrated with biometrics technology, are primarily used as a payment solution. However, biometric POS terminals are used to track employee time and attendance as well. With technological advances in hardware and sensors, a number of biometric technologies, such as keystroke and electroencephalogram (EEG), have been developed for the identification of individuals. These biometrics are mainly used by government authorities for identity verification.
The report, Global Biometrics POS Terminals Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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key players in the Global Biometrics POS Terminals Market: Bitel, Biyo, Crossmatch, Danal, DERMALOG Identification Systems, EKEMP, Fujitsu, Ingenico, M2SYS, PayTango, Safran Morpho, Sthaler, SmartMetric, Verifone, Zwipe, and Zvetco.
Further, the report states that without standardization, companies cannot produce standard biometric POS devices. The lack of standardization is a barrier to interoperability. Therefore, the absence of unanimous standards in the global biometric POS terminals market is hindering market growth.
List of Exhibits
Exhibit 01: How biometrics work
Exhibit 02: Global biometric POS terminals market 2015-2020 (millions of units)
Exhibit 03: Five forces analysis
Exhibit 04: Global biometric POS terminals market segmentation by technology
Exhibit 05: Comparison of biometric technologies
Exhibit 06: Global biometric POS terminals market by geography
Exhibit 07: Global EMV cards market 2015-2020 (billions of units)
Exhibit 08: Impact of drivers
Exhibit 09: Impact of drivers and challenges
Exhibit 10: Competitive scenario
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Biometric Point of Sales Terminals Market 2016-2020 Global Research Report