According to Cognitive Market Research, the global Biometric Payments market size was USD 8969.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 18.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3587.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2690.88 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2063.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 448.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 179.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.7% from 2024 to 2031.
In 2023, retail and e-commerce will account for a considerable market share
