Allied Market Research

Biometric ATM Market by Application and Product-Type


Portland, OR -- (SBWIRE) -- 09/27/2017 -- Biometric system uniquely identifies biological traits. Unique identifiers include fingerprints, voice waves, iris patterns, and others. Increase in application of biometric technology for better security purpose in various sector such as BFSI, airports, automobiles, offices, and others drive the biometric technology market.

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The Biometric ATM Market is expected to experience a significant growth during forecast period as the adoption of biometric ATM is on an increase, owing to different benefits, which include reduced transaction time, provision of better security that deter crimes (internet banking fraud, money laundering, and theft bankers identification). However, lack of awareness among consumers is expected to hinder the market growth. Moreover, growth in demand of biometric ATM in the emerging market such as China, Brazil, and India is expected to offer ample of opportunities for the market growth.

Biometric ATM Market Key Segments:

By Application


By Product-Type

-Iris Recognition
-Fingerprint Biometrics
-Voice Recognition
-Facial Recognition

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