The Global Mobile Biometrics Market Report by Global Insight Services is the single and trusted source of information for the Mobile Biometrics Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market.
The global mobile biometrics market was valued at USD 20.6 billion in 2021 and it is anticipated to grow up to USD 63.0 billion by 2031, at a CAGR of 11.8% during the forecast period.
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Market Trends and Drivers
Growing number of Mobile subscribers is driving the demand of Mobile Biometrics systems. The growing mobile subscribers base has brought significant growth in the Mobile Biometrics Market. According to Global System for Mobile Communications Association (GSMA) Mobile economy report 2021, there were approximately 5.2 billion unique mobile subscribers in 2020 which was forecasted to reach 5.7 billion by the end of 2025 among which smartphones accounted for 60% of the connections and it is expected that the number would reach approximately six billion in 2026, with an 80% share of smartphones. This increasing number of mobile subscribers across the globe tend to boost the demand of mobile biometrics for security applications, further driving its market growth during the forecast period. In last few years, global electronics market has witnessed a huge market growth across the globe due to the mass production of mobile devices of flexible price ranges. Mobile devices with price range around $95 has in-built fingerprint biometric systems. These makes these devices affordable to majority of the consumers across the globe. With this huge availability of mobile subscribers across the globe, the threat of theft and data leakage is always at peak. This uplift the demand of Mobile biometrics system installed in their smartphones which is anticipated to create huge market scope for the Mobile Biometrics market in global level.
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Global Mobile Biometrics Market Segmental Overview
The report analyses the global needle-free injection system market based on Component, Technology, Authentication Mode, End-use and region.
Based on component, it is segmented into hardware, software, and service. Among these, in 2021, the hardware segment accounted for the larger share of the needle-free injection system market. Hardware components are analysed to hold highest share 52.18% in 2020 owing to the increasing adoption of these technologies in various smartphones. In last few years, global electronics market has witnessed a huge market growth across the globe due to the mass production of mobile devices of flexible price ranges. Mobile devices with price range around $95 has in-built fingerprint biometric systems. This availability of low-cost mobile devices with fingerprint biometrics makes it affordable to majority of the consumers across the globe. This high production of affordable mobile devices with fingerprint recognition systems tend to drive the market growth of Hardware segment during the forecast period
Major Players in the Global Mobile Biometrics Market
The key players in the mobile biometrics market are Apple Inc. (U.S.), Nuance Communications, Inc. (U.S.), Safran SA (France), NEC Corporation (Japan), Thals Group (U.S.), Precise Biometrics (Sweden), M2SYS Technology (U.S.), HID Global Corporation (U.S.), BIO-key (U.S.), Aware Inc. (U.S.) and Applied Recognition, Inc. (Canada), among others.
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