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.
Market in healthcare industry is expected to grow at a high rate during the forecast period
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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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.
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.
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.
Scope of the Report
The mobile biometrics market, in this research report, has been segmented on the basis of:
Component:
- Fingerprint readers
- Scanners
- Cameras
Authentication Mode:
- Single-factor authentication
- Multi-factor authentication
Industry:
- Consumer electronics
- Healthcare
- Finance & banking
- Travel & immigration
- Government
- Military & defense
- Others
Geography:
- North America
- Europe
- Asia Pacific
- RoW
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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