Market Definition
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.
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.
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.
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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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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Global Mobile Biometrics Market Segmentation
By Component
- Hardware
- Software
- Service
By Technology
- Face
- Fingerprint
- Hand Geometry
- Iris
- Voice
- Others
By Authentication Mode
- Single Factor Authentication
- Multi Factor Authentication
By End-User
- BFSI
- Government & Defense
- Aerospace
- Automotive
- Consumer Electronics
- Healthcare
- Retail & e-commerce
- Others
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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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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.
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