SmartMetric Says Research Is Showing Estimated Market Size for Fingerprint Biometric Credit and Other Use Cards to Reach $18.4 Billion by 2029
17 Septiembre 2024 - 2:30PM
Business Wire
SmartMetric, Inc. (OTC: SMME) The market for fingerprint
biometric credit cards is experiencing rapid growth. Here are some
key estimates:
Projected Market Size by 2030: It is expected to reach
around $5.8 billion by 2030, growing at a compound annual
growth rate (CAGR) of 62.3% from 2022 to 20301.
Broader Biometric Card Market: The overall biometric card
market, which includes various applications beyond payments, is
projected to grow from $0.37 billion in 2024 to $18.4
billion by 2029, with a CAGR of 117.76% during this
period2.
These figures highlight the significant potential and increasing
adoption of biometric technology in the financial sector.
SmartMetric is one of the leading companies in the development
of battery-powered biometric fingerprint credit cards. Here are
some reasons why SmartMetric biometric cards are considered
advanced:
Key Features of SmartMetric’s Biometric Cards
Internal Rechargeable Battery: SmartMetric’s cards come
with an internal rechargeable battery, allowing the card to perform
fingerprint scans independently of the card reader1. This feature
ensures that the card can be used in various situations, including
ATMs and gas pumps, where the card is fully inserted into the
reader. Advanced Security: The card includes a sophisticated
fingerprint sensor and an ARM Cortex processor, providing
high-speed and accurate fingerprint authentication2. This enhances
security by ensuring that only the authorized user can activate the
card. User-Friendly Enrollment: Unlike some other biometric
cards, SmartMetric’s cards allow users to enroll their fingerprints
at home without needing to visit a bank branch. This is
particularly convenient for users who receive their cards via mail.
Compatibility: The card is designed to work with both
contact and contactless payment systems, making it versatile and
compatible with a wide range of card readers. Anti-Tampering
Features: SmartMetric’s cards are equipped with advanced
anti-tampering features that can deactivate the card or alert the
issuer if tampering is detected.
SmartMetric’s battery-powered biometric fingerprint credit cards
stand out due to their advanced technology, user-friendly features,
and robust security measures. These attributes make them a strong
contender in the market for biometric credit cards.
SmartMetric is protected by issued patents protecting its
lead in the field of fingerprint sensor based biometric activated
cards.
For more information on the SmartMetric biometric fingerprint
secured credit card please go to the company website at
www.smartmetric.com.
1 Biometric Payment Cards Market Size Report, 2022 - 2030
(grandviewresearch.com)
2 Biometric Card Market - Size, Share & Industry Analysis
(mordorintelligence.com)
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press release, which are not historical facts, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Also such forward-looking statements are within
the meaning of that term in Section 27A of the Securities Act of
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SmartMetric, Inc. Chaya Hendrick Tel: (702) 990-3687
Mobile: (305) 607-3910 (Pacific Time) ceo@smartmetric.com
www.smartmetric.com