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), Country (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, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The mobile biometrics market is expected to witness market growth at a rate of 27.65% in the forecast period of 2021 to 2028. Data Bridge Market Research report on mobile biometrics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the penetration of the mobile devices is escalating the growth of mobile biometrics market.
The mobile biometrics can be denoted to as the portable biometrics devices that are embedded either in any smart phone 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.
Major factors that are expected to boost the growth of the mobile biometrics market in the forecast period are the initiative taken by the government to endorse the acceptance of biometrics and the increase in the trend of mobile communications. Furthermore, the rise in the implementation of biometric features in the smartphones is further anticipated to propel the growth of the mobile biometrics market. On the other hand, the issues concerning the privacy and data breach is further estimated to impede the growth of the mobile biometrics market in the timeline period.
In addition, the implementation of mobile biometrics in the e-commerce and online gaming will further provide potential opportunities for the growth of the mobile biometrics market in the coming years. However, the protection of the biometric data and the expenses involved in the placement of mobile biometrics systems might further challenge the growth of the mobile biometrics market in the near future.
This mobile biometrics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on mobile biometrics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Mobile Biometrics Market Scope and Market Size
The mobile biometrics market is segmented on the basis of component, authentication mode, application and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the mobile biometrics market is segmented into hardware, software. Hardware is further sub segmented into fingerprint readers, scanners, cameras, others.
- On the basis of authentication mode, the mobile biometrics market is segmented into single-factor authentication, multi-factor authentication. Single-factor authentication is further sub segmented into fingerprint recognition, voice recognition, facial recognition, iris recognition, vein recognition retina scan system, others. Others are further sub segmented into signature recognition.
- On the basis of application, the mobile biometrics market is segmented into access control, mobile banking/payment, authentication, others.
- On the basis of industry, the mobile biometrics market is segmented into consumer electronics, healthcare, finance and banking, travel and immigration, government/law enforcement and forensic, military and defense, others.
Mobile Biometrics Market Country Level Analysis
The mobile biometrics market is analysed and market size, volume information is provided by country, component, authentication mode, application and industry as referenced above.
The countries covered in the mobile biometrics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the mobile biometrics market due to the occurrence of abundant large and small vendors. Furthermore, the rise in the research and development initiatives will further boost the growth of the mobile biometrics market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the mobile biometrics market due to the rise in the formation of high level vendors. Moreover, the increase in the investing for the adoption of biometric technologies by the government is further anticipated to propel the growth of the mobile biometrics market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream 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 their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mobile Biometrics Market Share Analysis
The mobile biometrics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mobile biometrics market.
The major players covered in the mobile biometrics market report are Apple, Inc., IDEMIA, Nuance Communications, Inc., NEC Corporation, Precise Biometrics AB, Gemalto NV, BIO-key, FUJITSU, ImageWare Systems, Inc., BioEnable Technologies Pvt. Ltd, Applied Recognition, Inc., Cognitec Systems GmbH, Fulcrum Biometrics, LLC, Neurotechnology, M2SYS Technology - KernellÓ Inc., VoicePIN.com Sp. z o.o., Verint VoiceVault Voice Authentication, Aware, Inc., Mobbeel, Veridium Ltd., Fingerprint Cards, ValidSoft, Egis Technology Inc., Shenzhen Goodix Technology Co., Ltd., Synaptics Incorporated, Qualcomm Technologies, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.