What is Mobile Biometrics Market?
Mobile biometrics means the use of biometric authentication technology in mobile devices. In recent time, mobile biometric authentication is gaining much popularity to access mobile devices such as smartphones and tablets. Government initiatives to boost the digitalization has created huge demand for mobile devices and biometric authentication methods for the mobile banking and to protect digital wallets from unauthorized access. Further, users donít have to remember complex and different passwords for accessing mobile devices, which is expected to boost the market.
The market study is being classified by Type (Fingerprint Recognition, Face Recognition, Iris Recognition, Voice Recognition and Others), by Application (Authentication, Access Control, Mobile Payment and Online Banking) and major geographies with country level break-up.
Thales Group (France), BioConnect (Canada), Fulcrum Biometric (United States), Daon, Inc. (Ireland), CardLogix Corporation (United States), LoginRadius (United States), Google (United States), Egis Technology (China), NEC Corporation (Japan), Nuance Communications (United States) and Synaptics Inc. (United States) are some of the key players profiled in the study.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Mobile Biometrics market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Mobile Biometrics market by Type, Application and Region.
On the basis of geography, the market of Mobile Biometrics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Use of Mobile Payment Due to Increasing Digitalization Across the Globe
- Increasing Demand of Mobile Biometrics to Restrict Unauthorized Access
- Consumersí Preference towards the Biometrics Methods to Provide Authenticity to the Mobile Devices
- Emerging Different Types and Technologies for Biometric Recognition
- Increased Privacy Risks and Vulnerabilities In Case of Cyber Attacks
- Penetration of Smartphones and Other Digital Devices
- False Rejects and False Accepts Can Prevent Users from Accessing Systems
Market Leaders and some development strategies
In December 2020, ChannelPro Network, a division of EH Media LLC acquired FindBiometrics and Mobile ID World a leading technology brand serving the biometrics and mobile identification markets. The acquisition of the FindBiometrics and Mobile ID World portfolio will allow ChannelPro to provide exposure to attractive adjacent markets.
In July 2020, Google introduced biometric support authentication for credit card data in Chrome Autofill on Android devices. With this support, Chrome will allow users to enroll their device to retrieve card numbers via biometric authentication and no longer have to bother with saving credit card information or confirming the cadís CVC, as the new process is aiming to provide a more seamless experience through fingerprint or facial recognition confirmation.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Mobile Biometrics Solutions Providers, Manufacturers & Suppliers of Mobile Biometrics Devices, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Mobile Biometrics Market?
"Increased Use of Mobile Payment Due to Increasing Digitalization Across the Globe
" is seen as one of major growth factors of Mobile Biometrics Market in years to come.
2. Can we have customized study for Mobile Biometrics Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Mobile Biometrics Market?
will lead the Mobile Biometrics Market.