Mobile Biometrics Market- Fingerprint recognition is expected to dominate the single-factor authentication mode

The mobile biometrics market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The industrial consensus on developing intelligence in mobile devices drives the use of biometric technology. In the last few years, most of the smart phone companies have launched biometrics-enabled phones. While the focus is currently on fingerprint recognition technology, the market is trending toward advanced biometric technologies such as face, voice, iris, and others.

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The fingerprint recognition technology is the most prominent biometrics technology that is being used at present. Most of the smartphone manufacturers such as Apple and Samsung use fingerprint recognition technology in their offerings. This strategy is being followed by emerging companies across the world. As fingerprint recognition is the most convenient technology in terms of investment and market acceptance, it is expected to lead the market during the forecast period.

North America holds the largest share of the mobile biometrics market; APAC is expected to grow at the highest rate during the forecast period

The adoption of mobile biometric technologies in passports & visas, banking & finance, large-scale funded programs, and employee access monitoring in buildings is driving the growth of the mobile biometrics market in North America.

The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Many countries in the Asia-Pacific region have started adopting mobile biometric technologies in national IDs and e-passports. Moreover, the government in Asian countries is actively promoting and adopting biometric technologies. India has introduced biometric-based unique identification (UID) which is likely to cover 1.25 billion Indians. In 2012, China introduced the new China Resident Identity Card Law which requires Chinese citizens to have their fingerprints scanned and recorded. Large-scale township projects in Japan have also started adopting biometrics as a standard security device.

The major companies in the mobile biometrics market that are profiled in this report include:

1. Apple Inc. (U.S.)
2. Nuance Communications, Inc. (U.S.)
3. Safran SA (France)
4. M2SYS Technology (U.S.)
5. 3M Cogent, Inc. (U.S.)
6. Precise Biometric (Sweden)
7. Crossmatch (U.S.)
8. BIO-key (U.S.)
9. Aware Inc. (U.S.)
10. Applied Recognition, Inc. (Canada)
11. EyeVerify, Inc. (U.S.)
12. Fulcrum Biometrics, LLC (U.S.)

This report aims at estimating the current market size and future growth prospects of the mobile biometrics market on the basis of component, authentication mode, industry, and geography. The base year considered for this study is 2015 and the market forecast is given for the period between 2016 and 2022. 

The key drivers for the growth of this market are government initiatives for the adoption of biometrics, increase in mobile transactions, introduction of e-passports, and increasing number of smartphone vendors opting for biometric features. In mature markets such as North America and Europe, the adoption rate of mobile biometric is steady compared to that in emerging markets such as APAC and RoW. The large-scale adoption of mobile biometrics in these regions is attributed to the growing influx of mobile devices and the increasing number of mobile transactions.

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