DUBLIN, March 23, 2016 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/2qv86v/global_biometric) has announced the addition of the "Global Biometric Point-Of-Sales Terminals Market 2016-2020" report to their offering.
The global biometric POS terminals market is projected to grow at a CAGR of 26.94% during the period 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.
According to the report, one of the major drives in the market is rise in fraud at merchant POS terminals. Hackers are increasingly targeting vulnerable POS terminals to steal payment card data via several methods. Take, for instance, the installation of skimmers at POS terminals. The skimmer reads and transmits data from swiped cards on POS terminals. Another technique used by hackers is POS RAM scrapers. A POS RAM scraper accesses the POS database and encrypts and stores payment card data and can be remotely accessed by the hacker.
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.
Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- DERMALOG Identification Systems
- Safran Morpho
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/2qv86v/global_biometric
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SOURCE Research and Markets