IKT og Tech

Minnie52
14.01.2022 kl 11:17 5126

Biometric payment card market forecast for 155 percent CAGR through 2026
Zwipe gets boost in Iraq
Jan 7, 2022 | Frank Hersey
CATEGORIES Biometrics Market Reports | Biometrics News | Financial Services
Biometric payment card market forecast for 155 percent CAGR through 2026
If 2021 was the year for technological developments for biometric payment cards, it is becoming clearer how big the iceberg may be. Following the Smart Payment Association’s report into 2022 being the year the technology goes mainstream, Mordor Intelligence has releases a market report that predicts compound annual growth of 155.45 percent from 2021 to 2026. This would take the global biometric card market’s 2020 value of US$8.75 million to $1.69 billion by 2026.
‘Global Biometric Card Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)’ considers the impact of COVID-19 as an accelerant on behavior change which could prime consumer adoption of biometric cards, most typically those with a fingerprint sensor with match-on-card capabilities to authorize payments including contactless without a PIN.

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