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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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.
Fingerprint recognition is expected to dominate the single-factor authentication mode during the forecast period
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.
Market in healthcare industry is expected to grow at a high rate during the forecast period
The market in the healthcare industry is expected to
grow at the highest rate between 2016 and 2022. The proliferation of
electronic health records (EHRs) and the transition of data across
health information exchanges (HIEs) created a huge demand for mobile
biometrics as it is essential to secure and protect these digital
records. Healthcare providers are using biometric patient identification
systems to ensure patient safety by ensuring that patients are
accurately identified prior to treatment.
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:
- Apple Inc. (U.S.)
- Nuance Communications, Inc. (U.S.)
- Safran SA (France)
- M2SYS Technology (U.S.)
- 3M Cogent, Inc. (U.S.)
- Precise Biometric (Sweden)
- Crossmatch (U.S.)
- BIO-key (U.S.)
- Aware Inc. (U.S.)
- Applied Recognition, Inc. (Canada)
- EyeVerify, Inc. (U.S.)
- Fulcrum Biometrics, LLC (U.S.)
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Email: sales@marketsandmarkets.com
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