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Biometric Banking Market Trends
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Overview
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The global biometric banking market is projected to reach $18.6 billion by 2030, driven by the increasing adoption of biometric systems in consumer electronics and the automotive industry, as well as the rise in security and reduced identity fraud. Hardware is expected to be the largest segment, with fingerprint remaining the largest product segment.
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How does the rise in security and reduced identity fraud affect the development of new technologies in the biometric banking market?
How might the increasing adoption of biometric systems impact the banking industry?
What are the potential implications of the projected growth in the biometric banking market for consumer privacy?
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