Middle East & Africa Biometric Payment Cards Market Size & Outlook
The biometric payment cards market in Middle East & Africa is expected to reach a projected revenue of US$ 882.0 million by 2030. A compound annual growth rate of 66.1% is expected of Middle East & Africa biometric payment cards market from 2024 to 2030.
Revenue, 2023 (US$M)
$25.3
Forecast, 2030 (US$M)
$882.0
CAGR, 2024 - 2030
66.1%
Report Coverage
Middle East & Africa
Middle East & Africa biometric payment cards market, 2018-2030 (US$M)
Related Markets
MEA biometric payment cards market highlights
- The MEA biometric payment cards market generated a revenue of USD 25.3 million in 2023.
- The market is expected to grow at a CAGR of 66.1% from 2024 to 2030.
- In terms of segment, credit cards was the largest revenue generating card type in 2023.
- Credit Cards is the most lucrative card type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 25.3 million |
| Market revenue in 2030 | USD 882.0 million |
| Growth rate | 66.1% (CAGR from 2023 to 2030) |
| Largest segment | Credit cards |
| Fastest growing segment | Credit Cards |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Credit Cards |
| Key market players worldwide | IGO Ltd, BNP Paribas Act. Cat.A, IDEX Biometrics ASA, Infineon Technologies AG, NXP Semiconductors NV, Thales Group, Mastercard Inc Class A, Visa Inc Class A, Goldpac, Bio-Idz, Zwipe |
Other key industry trends
- In terms of revenue, MEA region accounted for 39.4% of the global biometric payment cards market in 2023.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 633.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Biometric Payment Cards Market Scope
Biometric payment cards market segmentation & scope
Biometric Payment Cards Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
MEA biometric payment cards market size, by country, 2018-2030 (US$M)
Middle East & Africa Biometric Payment Cards Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
