South Africa Biometric Payment Cards Market Size & Outlook
The biometric payment cards market in South Africa is expected to reach a projected revenue of US$ 33.7 million by 2030. A compound annual growth rate of 71.2% is expected of South Africa biometric payment cards market from 2024 to 2030.
Revenue, 2023 (US$M)
$0.8
Forecast, 2030 (US$M)
$33.7
CAGR, 2024 - 2030
70.6%
Report Coverage
South Africa
South Africa biometric payment cards market, 2018-2030 (US$M)
Related Markets
South Africa biometric payment cards market highlights
- The South Africa biometric payment cards market generated a revenue of USD 0.8 million in 2023 and is expected to reach USD 33.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 71.2% 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.
Biometric payment cards market data book summary
| Market revenue in 2023 | USD 0.8 million |
| Market revenue in 2030 | USD 33.7 million |
| Growth rate | 71.2% (CAGR from 2023 to 2030) |
| Largest segment | Credit cards |
| Fastest growing segment | Credit Cards |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 1.2% of the global biometric payment cards market in 2023.
- Country-wise, South Korea is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia biometric payment cards market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 33.7 million by 2030.
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Biometric Payment Cards Market Scope
Biometric payment cards market segmentation & scope
Biometric Payment Cards Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa biometric payment cards market size, by card type, 2018-2030 (US$M)
South Africa Biometric Payment Cards Market Outlook Share, 2023 & 2030 (US$M)
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