Market Definition
The Mobile Biometrics Market is a trailblazer in digital security, providing cutting-edge solutions that leverage biometric authentication methods on mobile devices. This market encompasses the production, development, and distribution of mobile biometrics—sophisticated technologies designed to enhance the security of smartphones, tablets, and other mobile devices through fingerprint recognition, facial recognition, iris scanning, and other biometric modalities. Mobile biometrics play a pivotal role in safeguarding personal information, securing transactions, and ensuring a seamless and secure user experience.
Market Outlook
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.
The Mobile Biometrics Market is experiencing significant growth, driven by the increasing reliance on mobile devices for personal and financial transactions, the emphasis on user convenience, and the need for robust security measures in the digital era. As users demand secure and frictionless authentication methods, the market is characterized by ongoing innovations in biometric sensor technologies, machine learning algorithms, and the integration of biometrics into mobile applications, reflecting the industry’s commitment to advancing digital security.
Factors propelling the market include the rise in mobile banking and payment transactions, the integration of biometric authentication in mobile healthcare applications, and the deployment of biometric solutions in government and enterprise mobile systems. Mobile biometrics contribute to preventing unauthorized access, reducing identity fraud, and enhancing user trust in mobile services, positioning the market for sustained growth. As the world increasingly relies on mobile technology, the Mobile Biometrics Market remains pivotal in providing state-of-the-art solutions for secure and convenient mobile authentication.
While the Mobile Biometrics Market experiences significant growth, it faces challenges such as ensuring biometric data privacy, addressing issues related to spoofing and presentation attacks, and adapting to evolving regulatory frameworks. Overcoming these challenges requires collaboration within the biometrics, cybersecurity, and regulatory sectors, investment in liveness detection technologies, and the continuous improvement of biometric authentication algorithms.
Opportunities within the market arise from the ability to provide innovative, secure, and user-friendly mobile biometric solutions. The convergence of biometric fusion techniques, advancements in artificial intelligence for biometric recognition, and the increasing demand for biometric authentication in diverse industries create opportunities for market players to lead in the advancement of Mobile Biometrics. Proactive engagement with mobile device manufacturers, application developers, regulatory authorities, and cybersecurity experts, coupled with a commitment to user privacy and data security, positions companies to capitalize on the expanding opportunities within the Mobile Biometrics Market.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The report analyses the global needle-free injection system market based on Component, Technology, Authentication Mode, End-use and region.
Global Mobile Biometrics Market by Component
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
Global Mobile Biometrics Market by Technology
Based on technology, it is segmented into face, fingerprint, hand geometry, iris, voice and others. Among them, in 2021, the fingerprint segment is expected to command the largest share of the global needle-free injection system devices market by technology. With the advent of computerized databases and digitization, contactless biometrics verification has a high industrial adoption rate worldwide. Rising demand for secure, hygienic, and convenient authentication systems in condominiums and clubs across the globe is anticipated to drive market growth. For instance, in April 2020, several clubs and condominiums such as Residencial Alphaville Zero, Tamboré 1, and Residencial Alphaville 1, among others in the São Paulo region installed IDEMIA’s MorphoWave Compact, a contactless biometric access control. The access control performs a 3D scan and verification of fingers and offers a hygienic and secure identification experience to the users.
Global Mobile Biometrics Market by Authentication Mode
Based on authentication mode, it is segmented into single factor authentication and multi factor authentication. Among them, in 2021, single factor authentication is estimated to account for the largest share of the needle-free injection system market. Single-factor authentication is a common low-security method of authentication. It only requires matching one factor—such as a password—to a username to gain access to a system
Global Mobile Biometrics Market by End-user
Based on end-use, it is segmented into BFSI, government & defense, aerospace, automotive, consumer electronics, healthcare, retail & e-commerce and others. The healthcare segment accounted for the largest market share in 2021. The healthcare sector is expected to register considerable growth over the forecast period. The rapid technological advancements and AI-powered face and iris identification systems allow hospital facilities to track patients without using physical tracking devices. Furthermore, the emergence of real-time emotion detection, which is an application of face recognition in healthcare is also gaining popularity. It is used to detect emotions that patients exhibit during their stay in the facility. The data is used to determine how patients are feeling and also helps to identify where the patients need more attention in the case, theyre in pain. will propel the market growth.
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Major Players
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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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Market Size in 2021 – $20.6 Billion
- Market Size in 2031 – $63 Billion
- CAGR % – 11.8%
- Historic Period – 2015 – 2020
- Forecast Period – 2022 – 2031
- Base Year – 2021
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