DUBLIN--(BUSINESS WIRE)--The "PSD2 & Open Banking Biometric Authentication Market Research Report by Function, End Users, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global PSD2 & Open Banking Biometric Authentication Market size was estimated at USD 4,648.71 million in 2021, USD 5,120.09 million in 2022, and is projected to grow at a CAGR 10.20% to reach USD 8,328.80 million by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the PSD2 & Open Banking Biometric Authentication Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global PSD2 & Open Banking Biometric Authentication Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global PSD2 & Open Banking Biometric Authentication Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global PSD2 & Open Banking Biometric Authentication Market?
4. What is the competitive strategic window for opportunities in the Global PSD2 & Open Banking Biometric Authentication Market?
5. What are the technology trends and regulatory frameworks in the Global PSD2 & Open Banking Biometric Authentication Market?
6. What is the market share of the leading vendors in the Global PSD2 & Open Banking Biometric Authentication Market?
7. What modes and strategic moves are considered suitable for entering the Global PSD2 & Open Banking Biometric Authentication Market?
Market Dynamics
Drivers
- Increasing Number of Users with Mobile Banking Application
- Rising Importance of Application Program Interfaces (Apis) in Different Financial Sectors
- High-Security Risk in Financial Transactions and Need for Multi-Factor Authentication in Payment Systems
Restraints
- High Cost for Security Solution and Potential False Positives & Inaccuracy
Opportunities
- Major Shift of Financial Institutions Toward the Online Business and Improving Financial Services with Customer-Centric Regulation
- Favorable Ecosystem for Tech-Startups to Develop Biometric Authentication
Challenges
- Complexities in Minimizing Demographic Bias in Biometrics
Companies Mentioned
- Accenture PLC
- Aldermore Group PLC
- Alibaba Group Holding Limited
- Apple Inc.
- BehavioSec Inc.
- CardinalCommerce Corporation
- ClearBank Ltd.
- Danal Co., Ltd.
- Diamond Fortress Technologies, Inc.
- Enfuce Financial Services Ltd.
- Fulcrum Biometrics, Inc.
- Incode Technologies Inc.
- iProov
- IriTech, Inc.
- Mastercard Inc.
- Metro Bank
- Monzo Bank Ltd.
- Nok Nok Labs, Inc.
- NXT-ID Inc.
- OakNorth Bank PLC
- Okta, Inc.
- Samsung Electronics Co., Ltd.
- Thales Group
- VoiceVault
For more information about this report visit https://www.researchandmarkets.com/r/1mk4lb
