BFSI Segment Biometric Device Shipments by Modality
Source Research:
Biometric Technologies and Applications
Market Data | 06 Jun 2023 | MD-BIOM-113
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As it relates to biometric modalities, fingerprint recognition will enjoy the lion’s share of the Banking, Financial Services, and Insurance (BFSI) market, growing from 1.7 million to 2.9 million shipments from 2022 and 2027, sporting a CAGR of 11.3%. However, due to increased convenience and a growing presence of liveness detection, facial recognition biometrics will be the fastest-growing modality, with a CAGR of 11.9% during the same period.
