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Business Upturn
2 days ago
- Business
- Business Upturn
Biometric POS Terminals Market Size to Reach USD 26.17 by 2032, at 13.96% CAGR
Austin, June 20, 2025 (GLOBE NEWSWIRE) — Biometric POS Terminals Market Size & Growth Insights: According to the SNS Insider,'The Biometric POS Terminals Market size was valued at USD 9.20 Billion in 2024 and is projected to reach a valuation of USD 26.17 Billion by 2032, expanding at a CAGR of 13.96% over 2025-2032.' Surging Requirement for Contactless and Safe Payment Methods Augment Market Growth The growing concerns about payment security and burgeoning need for better and contactless transactions are boosting the biometric POS terminals market growth over the projected period. These systems are responsible for integrating advanced technologies, such as palm vein scanning and facial recognition to reduce fraud and improve user authentication, which further makes these technologies highly popular across different sectors including retail, healthcare, and0 banking. The U.S. biometric POS terminals market was valued at 2.76 Billion in 2024 and is projected to reach USD 6.47 Billion by 2032, growing at a CAGR 11.21% over the forecast period. Get a Sample Report of Biometric POS Terminals Market Forecast @ Several key competitors, such as JPMorgan are boosting the biometric technology adoption in the U.S. via devices including Pinpad and Paypad, which further highlights the rising trust in secure solutions despite raising the privacy concerns. Furthermore, the innovations including Tongxin's MIS integrated payment terminals and eSIM-enabled Smart POS devices presented at events, which include Seamless Middle East Fintech 2025, are further boosting the biometric POS global adoption. These trends collectively position the biometric POS terminals as the future of secure and digital payment ecosystems. North America Leads, Asia Pacific Emerges Fastest in Biometric POS Terminal Market In 2024, North America led the Biometric POS Terminal Market with a 44% revenue share, driven by advanced infrastructure, regulatory support, and rising consumer preference for biometric payments. The U.S. spearheads growth with innovations like Verifone's partnership with PopID, integrating facial and palm recognition into POS terminals. Asia Pacific is projected to record the fastest CAGR of 15.74% over 2025–2032, fueled by smartphone penetration, digital payment adoption, and retail expansion, especially in China. Europe is gaining momentum through rising demand for contactless payments and digitalization efforts. LATAM and MEA show steady growth, supported by expanding fintech infrastructure, smartphone usage, and government initiatives promoting secure biometric payment solutions. Biometric POS Terminals Market Report Scope: Report Attributes Details Market Size in 2023 USD 9.20 Billion Market Size by 2032 USD 26.17 Billion CAGR CAGR of 13.96% From 2024 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segmentation • By Technology (Fingerprint Scanner, Palm Vein Scanner, Iris-Retina Scanner, Voice Recognition, Facial Recognition and Others) • By End-user (Restaurant, Retail, Logistics, Medical and Healthcare, BFSI and Others) Purchase Single User PDF of Biometric POS Terminals Market Report (20% Discount) @ Key Industry Segmentation By Technology Driven by its dependability, simplicity of use, and robust security aspects, the fingerprint scanner segment dominated the Biometric POS Terminal Market in 2024 with a 39% share. Its general popularity fits the increasing inclination for safe, contactless payment systems. Driven by developments in AI technology and rising demand for quick, safe, and touchless payment experiences among both stores and consumers, the facial recognition market is expected to grow fastest during 2025–2032 with a CAGR of 16.28%. By End-User In 2024, the retail segment led the Biometric POS Terminal Market with a 26% share, driven by retailers' efforts to enhance customer experience, the growing adoption of secure and contactless payments, and the need for efficient checkout processes. The medical and healthcare segment is expected to witness the fastest growth from 2025 to 2032, with a projected CAGR of 16.66%, fueled by the demand for secure patient identification, contactless transactions, and compliance with stringent data privacy regulations in healthcare environments. Leading Market Players with their Product Listed in this Report are: IDEMIA Ingenico (Worldline) NEC Corporation Fujitsu Ltd. Suprema Inc. Verifone PAX Technology JPMorgan Chase & Co. Zwipe Toshiba Do you have any specific queries or need any customized research on Biometric POS Terminals Market? Submit your inquiry here @ Recent Developments: In Nov 2024, NEC has unveiled a new multimodal biometric technology that enables both face and iris recognition from a single low-resolution image, streamlining authentication for POS, ATMs, and access systems. The compact module is set for commercial rollout by 2026, targeting retail, finance, and entertainment sectors. In JAN 2025, J.P. Morgan Payments has introduced Paypad and Pinpad terminals in the U.S., featuring built-in facial and palm vein biometric authentication for secure, contactless payments. The devices support multiple payment methods and are set for global rollout post-2025. Table of Contents – Major Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Biometric POS Terminals Market Segmentation, by Technology 8. Biometric POS Terminals Market Segmentation, by End-user 9. Regional Analysis 10. Company Profiles 11. Use Cases and Best Practices 12. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Associated Press
13-05-2025
- Business
- Associated Press
Unibeam Elevates the Trust Anchor, Debuts SIM-Level Authentication to Block Transaction Fraud
Introducing a revolutionary approach to secure business transactions with SIM-native authentication, eliminating vulnerabilities of traditional mobile security. 'Unibeam's 'On-S' solution is untouchable by fraud. It's the holy grail for telecoms and businesses. I'm confident this will change the OTP market in the near future'— Ariel Cohen, General Partner, AnD Venture. TEL AVIV, ISRAEL, May 13, 2025 / / -- Unibeam launched the world's only SIM-native authentication platform for business transactions, eliminating the risks of legacy, mobile network-based methods. Most solutions that claim to be 'SIM-based', such as OTP, actually rely on mobile operator data, not the SIM card itself. This makes them vulnerable to spoofing, SIM swap fraud, and AI-powered attacks. Unibeam changes that by verifying identity directly inside the SIM's secure enclave - the same tamper-resistant chip used in bank cards. 'Network trust breaks down when real money is on the line,' said Carlos DaSilva, VP Products at Unibeam. 'We moved the trust anchor inside the SIM - where AI and other threats can't touch it.' Unibeam creates dynamic identifiers inside the SIM, works on all SIM and eSIM-enabled devices, and instantly detects fraud attempts - all without apps, SDKs, or network involvement. Deterministic, device-native, and immune to manipulation, Unibeam is the first authentication platform built for the real risks of business transactions. For more information or to request a demo, visit About Unibeam Unibeam is a cybersecurity company specializing in eSIM/SIM-based authentication solutions for enterprises and service providers. Its platform uses deterministic authentication to verify identity with precision, without relying on behavioral data, passwords, or guesswork. By combining hardware-based security with frictionless user experience, Unibeam helps organizations stay ahead of fraud, meet regulatory standards, and build trust in a digital-first world. For more information, please visit Dana Poleg Unibeam [email protected] Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
