Face Swiping Payment Market expected to reach USD 17.51 billion by 2029 at a CAGR of 20.2 %

(IT-NEWSWIRE.COM, October 18, 2023 ) As per Maximize Market research, the Face Swiping Payment Market was USD 4.83 Billion in 2022 and is expected to grow at a CAGR of 20.2 percent over the forecast period to reach USD 17.51 Billion by 2029.

Face Swiping Payment Market Report Scope and Research Methodology

The report highlights the competitive market view, segment analysis based on the Type, application, and Region. The market size and trends for the Face Swiping Payment Market were analysed by using both primary research through interviews and surveys with professionals, and secondary research via literature review and robust data Analysis. Top down approach is used to estimate market size of the Face Swiping Payment Market.

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Face Swiping Payment Market Dynamics

High adoption and technological advancements, increasing demand for contactless payment solutions and rising security concern drives the growth of face swiping payment market. The retail sector has a significant opportunities to expand its acceptance of face swiping payments. The integration of face-swiping in E-commerce offer users a secure and convenient payment way for transactions and trust can be increased among online shoppers which can help to drive the growth of the market in the e-commerce sector.

Face Swiping Payment Market Regional Insights

In 2022, Asia-Pacific region dominated the Face Swiping Payment Market with highest market share and is expected to maintain its dominance during the forecast period. Asia-Pacific, especially the China, is leading the adoption of Face Swiping Payment Market.

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Face Swiping Payment Market Segmentation

By Type

Payment Equipment

Payment System

By Application

Retail

Restaurant

Travel

Face Swiping Payment Key Competitors include

PopID, Inc.[United States]

PayByFace B.V.

VisionLabs

Alipay[China]

SnapPay Inc.

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Maximize Market Research is leading Information Technology and Telecommunication research firm, has also published the following reports:

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Face Swiping Payment Market expected to reach USD 17.51 billion by 2029 at a CAGR of 20.2 %