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.
Global Mobile Biometrics Market report from Global Insight Services is the single authoritative source of intelligence on Mobile Biometrics Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Mobile biometrics is the use of biometrics on mobile devices such as smartphones and tablets. Mobile biometrics can be used for a variety of purposes, including authentication, identification, and security. Mobile biometrics can also be used to identify users for the purposes of security and fraud prevention. Authentication is the process of verifying that a user is who they claim to be. Identification is the process of determining who a user is based on their biometrics. Security is the process of protecting data and devices from unauthorized access. There are a variety of mobile biometrics technologies available, including fingerprint recognition, iris recognition, and facial recognition. Each of these technologies has its own strengths and weaknesses. Fingerprint recognition is the most common form of mobile biometrics. It is accurate and reliable, but it can be fooled by fake fingerprints. Iris recognition is more accurate than fingerprint recognition, but it is more expensive and requires special hardware. Facial recognition is the most accurate form of mobile biometrics, but it is the most expensive and requires special hardware.
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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.
Market Restraints and Challenges
The protection of the biometric data and the expenses involved in the placement of mobile biometrics systems might further challenge the growth of the mobile biometrics market in the near future. One of the most important factors restraining the market growth of Mobile Biometrics is the false positives and inaccuracy. Biometric authentication methods rely on partial information to authenticate a user’s identity. For instance, a mobile biometric device will scan an entire fingerprint during the enrolment phase and convert it into data. However, future biometric authentication of the fingerprint will only use parts of the prints to verify identity so it’s faster and quicker. For instance, in 2019, a group of hackers who worked as part of the X-Lab security research team at a Chinese company called Tencent, demonstrated their fingerprint hacking methodology at the GeekPwn 2019 conference in Shanghai. They stated, any fingerprint scanner can be beaten using equipment costing $140 and an app that analyses a photograph of your print. This hacking capabilities tend to bring major challenges in the market growth of Mobile Biometrics during the forecast period.
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Global Mobile Biometrics Market Segmentation
By Component
- Hardware
- Software
- Service
By Technology
- Face
- Fingerprint
- Hand Geometry
- Iris
- Voice
- Others
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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