Global Mobile Biometrics Market – Industry Trends and Forecast to 2031

Global Mobile Biometrics Market, By Component (Hardware, Software), Authentication Mode (Single-Factor Authentication, Multi-Factor Authentication), Application (Access Control, Mobile Banking/Payment, Authentication, Others), Industry (Consumer Electronics, Healthcare, Finance and Banking, Travel and Immigration, Government/Law Enforcement and Forensic, Military and Defense, Others) - Industry Trends and Forecast to 2031.

Mobile Biometrics Market Analysis and Size

Mobile biometric authentication is a type of authentication that uses biometrics to identify and validate the identity of a person attempting to access a mobile application. With these mobile biometric devices, authentication can be done in a variety of ways, including fingerprint readers, face recognition, voice recognition, and others. Such factors are aiding in the adoption of mobile biometric devices.

Data Bridge Market Research analyses that the global mobile biometrics market is expected to reach USD  443.91 billion by 2031, from USD 62.97 billion in 2023, and is expected to undergo a CAGR of 27.65% during the forecast period of 2024 to 2031. “Hardware” dominates the components segment of the market due to demand from growing markets. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Mobile Biometrics Market Scope and Segmentation

Market Definition

The mobile biometrics can be denoted to as the portable biometrics devices that are embedded either in any smartphone or externally as hardware that is utilized for executing biometrics procedures. These are broadly utilized in the enterprises and government bodies for verification and for identifying authentication purposes.

Global Mobile Biometrics Market Dynamics

Driver

• Growing applications of biometric devices

The demand for biometric solutions are on a rise since the past few years, as with the growth of digital media and online content delivery, traditional methods of authentication such as signatures and text-based credentials are being proven to be harder for users due to such methods being highly vulnerable to modern cyber-attacks, such factors are positively affecting the mobile biometric market growth. Moreover, with the increasing number of digital services, users are in a desperate need to find quicker modes of authentication. Hence driving the need for mobile biometric authentication solutions.

Opportunity

• Higher degree of security and assurance

Biometric solutions can provide an increased level of assurance to providers that a person is real by verifying a tangible, real-world feature that is unique (in most cases) to that particular individual such as fingerprints, facial attributes, voice articulation, among others. Traditionally, users would have to depend upon passwords or PINS and personal identifying information to authenticate themselves. However, traditional credential-based authentication systems can be compromised with a data breach, meaning, billions of accounts can be accessed by fraudsters who retain the answers to traditional authentication methods. Such applications of biometric devices are aiding in their adoption in more real world and mission critical operations.

Restraint/Challenge

• Persistent challenge of ensuring robust security and privacy measures

As biometric authentication methods, such as fingerprint and facial recognition, become more prevalent in mobile devices, concerns about the vulnerability of biometric data to unauthorized access and hacking persist. The potential for breaches raises questions regarding the overall security of personal information stored on mobile devices, hindering the seamless adoption of these technologies. Striking a balance between convenience and ensuring the protection of sensitive biometric data remains a significant hurdle, requiring continuous advancements in encryption and security protocols to build user trust and meet evolving regulatory standards.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In June 2022, Akiyama, a Brazil-based company that specializes in biometric identification, introduced the VERO MATCH biometric collection case, which advances the landscape of the global mobile security and identification market. The new VERO MATCH combines a smartphone, IB's FIVE-0 fingerprint scanner, and IDEMIA's automated biometric identification system (ABIS) into an application. This solution is increasingly being used by the Federal Police of Brazil
• In May 2022, Aratek developed an all-in-one solution for managing mobile devices used in digital ID programs for remote biometrics enrollment or identity verification. The new Aratek TrustDMS is intended to protect digital ID data with real-time management tools, acting as a command and control center for simplified mobile device management

Global Mobile Biometrics Market Scope

The mobile biometrics market is segmented on the basis of component, authentication mode, application and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Hardware
• Software

Authentication Mode

• Single-Factor Authentication
• Multi-Factor Authentication

Application

• Access Control
• Mobile Banking/Payment
• Authentication
• Others

Industry

• Consumer Electronics
• Healthcare
• Finance and Banking
• Travel and Immigration
• Government/Law Enforcement and Forensic
• Military and Defense
• Others

Global Mobile Biometrics Market Region Analysis/Insights

The mobile biometrics market is analyzed and market size insights and trends are provided by country, component, authentication mode, application and industry as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of the Middle East and Africa.

North America is expected to dominate the market due to North America being home to renowned research institutions, universities, and technology companies that conduct cutting-edge research in photonics and integrated circuit technologies. This strong R&D ecosystem fosters innovation and drives advancements in mobile biometrics circuits.

Asia-Pacific is expected to be the fastest-growing region in the market due to Asia-Pacific having a large and rapidly growing population, along with a significant increase in internet usage and data consumption. This drives the demand for high-speed and efficient communication networks, which can benefit from the use of Mobile Biometrics circuits. PICs are capable of integrating multiple optical components on a single chip, making them well-suited for high-speed data transmission and communication applications.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Mobile Biometrics Market Share Analysis

The mobile biometrics market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the mobile biometrics market.

Some of the major players operating in the mobile biometrics market are:

• Apple Inc. (U.S.
• Nuance Communications, Inc. (U.S.)
• Safran SA (France)
• NEC Corporation (Japan)
• 3M Cogent, Inc. (U.S.)
• Precise Biometrics (Sweden)
• M2SYS Technology (U.S.)
• Crossmatch (U.S.)
• BIO-key (U.S.)
• Aware Inc. (U.S.)
• Applied Recognition, Inc. (Canada)
• EyeVerify, Inc. (U.S.)