The mobile biometrics market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The industrial consensus on developing intelligence in mobile devices drives the use of biometric technology. In the last few years, most of the smart phone companies have launched biometrics-enabled phones. While the focus is currently on fingerprint recognition technology, the market is trending toward advanced biometric technologies such as face, voice, iris, and others.

This report aims at estimating the current market size and future growth prospects of the mobile biometrics market on the basis of component, authentication mode, industry, and geography. The base year considered for this study is 2015 and the market forecast is given for the period between 2016 and 2022. The key drivers for the growth of this market are government initiatives for the adoption of biometrics, increase in mobile transactions, introduction of e-passports, and increasing number of smartphone vendors opting for biometric features. In mature markets such as North America and Europe, the adoption rate of mobile biometric is steady compared to that in emerging markets such as APAC and RoW. The large-scale adoption of mobile biometrics in these regions is attributed to the growing influx of mobile devices and the increasing number of mobile transactions.

The research methodology used to estimate and forecast the size of the mobile biometrics market begins with obtaining data of key companies through secondary sources such as like FIDO Alliance, European Association for Biometrics, The International Biometric Society, and others. The vendors� offerings and their current product portfolios have also been considered for this study. The estimation has also been made by identifying biometric-enabled mobile devices, mobile transactions, and the size of biometric mobile applications. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting interviews with key experts such as CEOs, VPs, directors, product managers, and others. In addition, the market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and provide statistical analysis for all segments and subsegments. The breakdown of the profiles of primaries is depicted in the figure below:

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The mobile biometrics ecosystem comprises hardware suppliers, manufacturers, software companies, system integrators, and technology providers. The key players in the market are Apple Inc. (U.S.) Nuance Communications, Inc. (U.S.), Safran SA (France), NEC Corporation (Japan), 3M Cogent, Inc. (U.S.), and Precise Biometrics (Sweden), and M2SYS Technology (U.S.). Some of the other players that have shown prominent growth are Crossmatch (U.S.) BIO-key (U.S.), Aware Inc. (U.S.), Applied Recognition, Inc. (Canada), EyeVerify, Inc. (U.S.), and others

Key Target Audience

Digital security consultants

Biometric hardware providers, including regional equipment manufacturers, sensor manufacturers, battery manufacturers, and camera suppliers

Software dealers & distributors

Cloud service providers

Biometrics associations and alliances

Research institutions and organizations

Market research & consulting firms

The study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Scope of the Report

The mobile biometrics market, in this research report, has been segmented on the basis of:

Component:

Fingerprint readers

Scanners

Cameras

Authentication Mode:

Single-factor authentication

Multi-factor authentication

Industry:

Consumer electronics

Healthcare

Finance & banking

Travel & immigration

Government

Military & defense

Others

Geography:

North America

Europe

Asia Pacific

RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of up to five additional market players

Mobile biometrics market by matching capability (on server and on device)

The mobile biometrics market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The increased security breaches and the rising threats to the public and private properties have led to the need for mobile biometrics. One of the areas where mobile biometrics can provide substantial support is eliminating fraudulent multiple identities or preventing identity frauds.

The mobile biometrics market has been segmented on the basis of components, authentication modes, industries, and geography. The single-factor authentication mode is expected to lead the market during the forecast period, while multi-factor authentication in biometrics is an emerging trend in this market. The growth of the market is primarily driven by factors such as government initiatives, increasing use of biometrics in smartphones, e-passports, and use of biometrics technology in crime identification & banking.

Fingerprint recognition is the leading single-factor authentication method and is expected to lead the market during the forecast period as it is the cheapest and most widely used method across all industries.

The consumer electronics industry led the mobile biometrics market in 2015. The finance and banking industry is expected to grow at a prominent growth rate during the forecast period. The increasing size of mobile transactions and the growing e-commerce supports the growth of mobile biometrics in these industries.

Economy modernization initiatives in emerging countries and government support are the major factors contributing to the growth in APAC. In addition to this, the governments of several Asian countries actively promote and adopt biometric technologies. India has introduced projects such as smart cities, e-governance, and digital India, where mobile biometrics technology is expected to play a big role. China introduced the new China Resident Identity Card Law. Considering these developments, the mobile biometrics market is expected to flourish in APAC in the coming years

The fear of privacy & data breach and high initial setup cost are the major restraints for this market. There are also possibilities of biometric databases being tampered with. Furthermore, the high initial setup costs further restrain the growth of the market.

The report profiles the major players in the mobile market, along with their SWOT analysis. The market has witnessed a series of new product launches, along with investments and collaborations among the industry players across the value chain. The major players operating in the mobile biometrics market are Apple Inc. (U.S.) Nuance Communications, Inc. (U.S.), Safran SA (France), NEC Corporation (Japan), 3M Cogent, Inc. (U.S.), and Precise Biometrics (Sweden), and M2SYS Technology (U.S.). Some of the other emerging players that have shown prominent growth are Crossmatch (U.S.) BIO-key (U.S.), Aware Inc. (U.S.), Applied Recognition, Inc. (Canada), EyeVerify, Inc. (U.S.), and others.

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