MRO Magazine

North America Biometric ATM Market to 2022 – Research and Markets


May 26, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “North America Biometric ATM Market (2016 – 2022)” report to their offering.

The North America biometric ATM market is further segmented based on the authentication type into fingerprint, iris recognition, palm recognition, vein recognition, face recognition and voice recognition among others). For better understanding of the market penetration of biometric technology at the ATMs, the North America biometric ATM market is analyzed based on countries including U.S., Canada, Mexico and rest of North America.

Factors such as technological advancements and increasing number of cash withdrawals, paired with rising security concerns among individuals are the major factors driving the adoption of biometric authentication solution in the ATMs in the North American region.

Stealing of card data from the ATMs in the U.S. has reached its highest level in last two decades. According to a credit-scoring and analytics firm, FICO, in 2015, more than 65% of all U.S. debit card holders were cheated while transacting at ATMs. In North America, ATMs are majorly installed at shopping complexes, commercial buildings, and residential societies. Biometric technology is an automated access monitoring system, used for verification and recognition of a manual access. Banking sector in the U.S. is emerging as one of the key application area of biometric authentication system. Physiological characteristic is the most common used individual characteristic for authenticating the genuine card holder.

Key companies’ profiled in the report includes

– Siemens AG

– Hitachi, Ltd.

– Magal Security Systems, Ltd

– Cisco Systems, Inc.

– Robert Bosch GmbH

– Tyco International Plc

– Honeywell International Inc.

– Panasonic Corporation

– Diebold, Incorporated

– Glory ltd

For more information visit http://www.researchandmarkets.com/research/h9sqjk/north_america

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Biometrics , ATM