Product Code: IACT23180
Face Swiping Payment Market Introduction and Overview
According to SPER Market Research, 'Face Swiping Payment Market Size- By Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Face Swiping Payment Market is predicted to reach USD 30.23 billion by 2033 with a CAGR of 20.42%.
Face recognition, sometimes referred to as face-swiping payment, is a practical payment technique that conducts transactions using biometric facial recognition technology. User authentication is more secure when compared to other digital payment methods such as passcodes and PINs. The advantages of face payments-faster transaction times and simpler processing-have led to an increase in the usage of technology.
The COVID-19 epidemic has accelerated the transition to contactless payment systems, driving the company's growth. In order to satisfy the increasing demand from customers for seamless and frictionless payment experiences, businesses are also introducing novel payment methods like face-swiping, which promotes market expansion.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Type, By Application
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered
Alipay, CloudWalk Technology Co. Ltd., Facepa, Mastercard, NEC Corporation, PAX Global Technology Limited, PayByFace B.V., PopID, Inc, SnapPay Inc., Telepower Communications Co., Ltd, VisionLabs, Others
Global Face Swiping Payment Market Segmentation:
By Type: Based on the Type, Global Face Swiping Payment Market is segmented as; Payment Equipment, Payment System.
By Application: Based on the Application, Global Face Swiping Payment Market is segmented as; Retail, Restaurant, Travel, Others.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
Table of Contents
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the Global Face Swiping Payment Market
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Face Swiping Payment Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Face Swiping Payment Market
7. Global Face Swiping Payment Market, By Type (USD Million
- 7.1. Global Face Swiping Payment Market Value Share and Forecast, By Type, 2023-2033
- 7.2. Payment Equipment
- 7.3. Payment System
8. Global Face Swiping Payment Market, By Application (USD Million)
- 8.1. Global Face Swiping Payment Market Value Share and Forecast, By Application, 2023-2033
- 8.2. Retail
- 8.3. Restaurant
- 8.4. Travel
- 8.5. Others
9. Global Face Swiping Payment Market Forecast, 2019-2033 (USD Million)
- 9.1. Global Face Swiping Payment Market Size and Market Share
10. Global Face Swiping Payment Market, By Type, 2019-2033 (USD Million)
- 10.1. Global Face Swiping Payment Market Size and Market Share By Type (2019-2026)
- 10.2. Global Face Swiping Payment Market Size and Market Share By Type (2027-2033)
11. Global Face Swiping Payment Market, By Application, 2019-2033 (USD Million)
- 11.1. Global Face Swiping Payment Market Size and Market Share By Application (2019-2026)
- 11.2. Global Face Swiping Payment Market Size and Market Share By Application (2027-2033)
12. Global Face Swiping Payment Market, By Region, 2019-2033 (USD Million)
- 12.1. Global Face Swiping Payment Market Size and Market Share By Region (2019-2026)
- 12.2. Global Face Swiping Payment Market Size and Market Share By Region (2027-2033)
- 12.3. Asia-Pacific
- 12.3.1. Australia
- 12.3.2. China
- 12.3.3. India
- 12.3.4. Japan
- 12.3.5. South Korea
- 12.3.6. Rest of Asia-Pacific
- 12.4. Europe
- 12.4.1. France
- 12.4.2. Germany
- 12.4.3. Italy
- 12.4.4. Spain
- 12.4.5. United Kingdom
- 12.4.6. Rest of Europe
- 12.5. Middle East and Africa
- 12.5.1. Kingdom of Saudi Arabia
- 12.5.2. United Arab Emirates
- 12.5.3. Rest of Middle East & Africa
- 12.6. North America
- 12.6.1. Canada
- 12.6.2. Mexico
- 12.6.3. United States
- 12.7. Latin America
- 12.7.1. Argentina
- 12.7.2. Brazil
- 12.7.3. Rest of Latin America
13. Company Profile
- 13.1. Alipay
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. CloudWalk Technology Co. Ltd.
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Facepa
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Mastercard
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. NEC Corporation
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. PAX Global Technology Limited
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. PayByFace B.V.
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. PopID, Inc
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. SnapPay Inc.
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Telepower Communications Co., Ltd
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. VisionLabs
- 13.11.1. Company details
- 13.11.2. Financial outlook
- 13.11.3. Product summary
- 13.11.4. Recent developments
- 13.12. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope