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Mobile Biometrics Market to Grow at 29.3% CAGR by 2020: Key Driver, Top Vendors, Industry Application Analysis and Outlook

Friday, February 10, 2017 5:09
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Mobile Biometrics Market with a compound annual growth rate of 29.3% between 2016 and 2022, the mobile biometrics market is estimated to grow from $ 4.03 billion in 2015 to reach $ 49.33 billion by 2022

The market for biometrics software, which is the major building block of mobile biometric devices, is expected to grow at the highest rate during the forecast period. Biometric device manufacturers are actively investing in software, and the introduction of cloud delivery model in the biometrics industry is further expected to drive the market at a high rate. The use of mobile apps and cloud delivery model by industries such as banking, healthcare, and travel & immigration are the key factors contributing to the growth of the overall mobile biometrics software market.

 

The report “ Mobile Biometrics Market by Component (Fingerprint Readers, Scanners, Cameras, Software), Authentication Mode (Single Factor (Fingerprint, Voice, Face, Iris, Vein, & Retina Scan) And Multifactor), Industry, And Geography – Global Forecast to 2022 “, analyses and studies the major market drivers, restraints, opportunities, and challenges in the emerging nations.

 

Browse detailed TOC, Tables, Figures, Charts and Companies mentioned in Mobile Biometrics Market Report @ http://www.marketreportsworld.com/10243331   

 

“Increase in mobile transactions is driving the growth of the mobile biometrics market”

 

Mobile Biometrics Market Drivers

  • Government initiatives to promote the adoption of biometrics
  • Rising trend of mobile transactions
  • Growing adoption of biometric features in smartphones
  • Large scale adoption of electronic verification systems fuelled growth in mobile biometric industry
  • Increased usage of mobile biometrics technology in crime identification

Mobile Biometrics Market Restraints

  • Concern regarding privacy and data breach

Mobile Biometrics Market Opportunities

  • Application of mobile biometrics in e-commerce and online gaming

Mobile Biometrics Market Challenges

  • Protection of biometric data
  • Cost involved in the deployment of mobile biometrics systems

 

Request sample PDF Mobile Biometrics Market Report @ http://www.marketreportsworld.com/enquiry/request-sample/10243331 

 

The major companies in the mobile biometric ecosystem profiled in this report are as follows:

 

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.)

 

 “Software component is expected to grow at a high rate during the forecast period”

 

Mobile Biometrics Market Major Drivers:

  • Increased usage of mobile biometrics technology in crime identification
  • Large scale adoption of electronic verification systems
  • Growing adoption of biometric features in smartphones
  • Rising trend of mobile transactions
  • Government initiatives to promote the adoption of biometrics

 

 

“APAC to offer high-growth avenues for the mobile biometrics market during the forecast period”

The mobile biometrics market in APAC is expected to witness prominent growth. The APAC region promises high growth in mobile biometrics as many countries are actively using biometrics for national programs such as voter registration, national ID, and others. India and China are leading in this field as they are developing countries and the most populous nations. There is significant growth in the adoption of biometrics in the consumer electronics industry, driven by the increasing use of smartphones by the people. The high factors such as demand for consumer electronics, emerging economies, large population, and so on make APAC a lucrative market.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key people in the industry.

 

 

Objectives of Report

 

? To define, describe, and forecast the global mobile biometrics market on the basis of components, industries, authentication modes, and geography

? To forecast the market size, in terms of value, for various segments with regard to four main regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)

? To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

? To analyze the opportunities in the market for stakeholders by identifying high-growth segments of the mobile biometrics market

? To strategically profile the key players and comprehensively analyze their market share and core competencies, along with the detailed competitive landscape for the market leaders

? To study the complete value chain and allied industry segments and perform a value chain analysis of the global mobile biometrics market

? To analyze the competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) in the mobile biometrics market

? To track the competitive intelligence from company profiles, key player strategies, and game-changing developments such as product launches and acquisitions

 

“Our Value Added Services provide you with 10% on demand customization with no additional costs”

Need Assistance (Content, Price, Sample and Discount), Ask us @ http://www.marketreportsworld.com/enquiry/pre-order-enquiry/10243331

 

About Market Reports World:

Market Reports World is the credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed towards optimizing your business. The reports we provide are based on a research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments.

 

Contact

Mr. Ameya Pingaley

Market Reports World

+1 408 520 9750

Email – sales@marketreportsworld.com

For Latest News about Current Market Trends and Forecast Visit at: http://www.marketreportsworld.com/news/

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