Jul 23, 2021 (The Expresswire) -- Global " Mobile Biometrics Market " (2021-2023) Research Report is a professional and in-depth study on the current state of the Global Mobile Biometrics industry. Moreover, research report categorizes the global Mobile Biometrics market by top players/brands, region, type and end user. This report also studies the global Mobile Biometrics market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. Regionally, this report categorizes the production, apparent consumption, export and import of Mobile Biometrics in North America, Europe, China, Japan, Southeast Asia and India.
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List of TOP KEY PLAYERS in Mobile Biometrics Market Report are -
● Apple Inc. ● M2SYS Technology ● 3M Cogent Inc. (Gemalto NV) ● NEC Corporation ● Fujitsu Ltd ● Honeywell International PLC ● Nuance Communications Inc. ● ImageWare Systems Inc. ● Precise Biometrics AB ● Applied Recognition Inc. ● VoiceVault Inc. ● BIO-key International Inc. ● Samsung Electronics Co. Ltd ● Qualcomm Technologies Inc.
"Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry."
COVID-19 Impact on Market:
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
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The Mobile Biometrics Market was valued at USD 11.64 billion, and is expected to reach USD 47.85 billion by 2023, with a CAGR of 26.57%, during the forecast period (2018 - 2023). The report profiles the several scanner type providers of mobile biometrics products and services for various industries.
Mobile biometrics has gained traction in the recent past as it has found applications in various industry verticals. The technology has been leveraged to facilitate online transactions, online shopping, authentication, and many other services. It has gained traction owing to technology innovations and the need to secure the online data with activities of consumers becoming scalable. For instance, the Indian governmentsâ Aadhar initiative, which has registered more 1.18 billion citizens till June 2018, has integrated the use of biometrics across the operations of several industry verticals, thus, broadening the scope of the mobile biometrics market.
The increased use of mobile transactions can be one of the key contributors in the mobile biometrics market as the number of mobile transactions is expected to reach USD 2.8 trillion by 2020 in the United States. The increasing adoption of the mobile biometrics has enabled the companies to record the biometrics of masses, which has increased risks for the valuable information of a considerable number of consumers.
Increasing penetration of BYOD can drive the Mobile Biometrics Market
The trend of bringing your own device (BYOD) has been gaining traction in the recent past. More than 70% of companies have a BYOD policy in place. As industries are becoming friendly with this trend, the concern for the security of the enterprise surges. 78% of the employees believe that using the same device for accessing data enables them to maintain a work-life balance, which indicates that the employees find significantly convenient to access both personal and enterprise data from the same device. On the other hand, the vulnerability to the enterprise data increases if the personal device is accessed by someone else or stolen or lost somehow leaves the enterprise data at risk. In order to secure these devices and ensure that they are accessed only by an authorized person, mobile biometric authentication can be used, at least for the applications or files pertaining to the enterprise. On an average, every employee accesses more than 5 business applications on their personal devices, per day.
Asia-Pacific is Expected to be the Fastest Growing Region
The mobile biometrics market in the region is primarily driven by the increasing smartphone penetration, which in turn, is fuelled by rapid evolution in the telecommunication sector in the region. Countries, like India and China, have recently gained traction in the technologies like 4G. Countries, like South Korea, have already initiated testing of the 5G technology. Such rapid advancement coupled with cheap tariffs has increased the penetration of online transactions on mobile devices, thus, raising security concerns. In such a scenario, mobile biometrics can facilitate and accelerate the penetration of omnichannel transactions.
Key Developments in the Market
â¢July 2018: Bank of America introduced face and fingerprint biometrics in its new online banking mobile application.
â¢July 2018: BIO-key International Inc., won the patent for the technology titled, Utilization of Biometric Data, which will leverage facial and fingerprint biometrics to passively authenticate the user.
â¢June 2018: Dah Sing Bank rolled out a mobile biometric authentication system.
Major players: APPLE INC., M2SYS TECHNOLOGY, 3M COGENT INC. (GEMALTO NV), NEC CORPORATION, FUJITSU LTD, HONEYWELL INTERNATIONAL PLC, NUANCE COMMUNICATIONS INC., IMAGEWARE SYSTEMS INC., PRECISE BIOMETRICS AB, APPLIED RECOGNITION INC., VOICEVAULT INC., BIO-KEY INTERNATIONAL INC., SAMSUNG ELECTRONICS CO. LTD, and QUALCOMM TECHNOLOGIES INC. among others.
Global Mobile Biometrics Market Segmentation by Types, By Applications and by Region:
Global Mobile Biometrics market is analyses and market size information is provided by regions (countries). Segment by Application, the Mobile Biometrics market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2021-2023. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2021-2023.
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Mobile Biometrics Market Segment by Region:
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Major Points from Table of Contents:
1.1. Key Study Deliverables
1.2. Market Definition
1.3. Study Assumptions
2. Research Methodology
3. Executive Summary
4. Mobile Biometrics Market Insights
4.1. Mobile Biometrics Market Overview
4.2. Porter's Five Forces Analysis
4.2.1. Bargaining Power of Suppliers
4.2.2. Bargaining Power of Consumers
4.2.3. Threat of New Entrants
4.2.4. Threat of Substitute Products and Services
4.2.5. Competitive Rivalry in the Industry
4.3. Industry Value Chain Analysis
4.4. Industry Policies
4.5. Technology Snapshots
5. Mobile Biometrics Market Dynamics
5.1. Mobile Biometrics Market Drivers
5.1.1. Supportive Government Initiatives
5.1.2. Growing Consumer Demand for Convenience and Security
5.1.3. Rising Usage of Mobile Biometric Technology in Crime Identification
5.2. Mobile Biometrics Market Restraints
5.2.1. Concerns about Data Privacy and Data Breach
6. Global Mobile Biometrics Market Segmentation
6.1. By Component Type
126.96.36.199. Fingerprint Reader
188.8.131.52. Other Hardware
6.2. By Authentication Mode
6.2.2. Iris Recognition
6.2.3. Retina Scan Recognition
6.2.4. Voice Recognition
6.2.5. Other Authentication Modes (Vein Recognition, Signature Recognition)
6.3. By End-user Industry
6.3.3. Government/Law Enforcement and Forensic
6.3.4. Travel and Immigration
6.3.5. Military and Defense
6.3.6. Consumer Electronics
6.3.7. Other End-user Industries
6.4. By Region
6.4.1. North America Mobile Biometrics Market Analysis (2018-2023)
184.108.40.206 United States Mobile Biometrics Market Analysis (2018-2023)
220.127.116.11. Canada Mobile Biometrics Market Analysis (2018-2023)
6.4.2. Europe Mobile Biometrics Market Analysis (2018-2023)
18.104.22.168. United Kingdom Mobile Biometrics Market Analysis (2018-2023)
22.214.171.124. Germany Mobile Biometrics Market Analysis (2018-2023)
126.96.36.199. France Mobile Biometrics Market Analysis (2018-2023)
188.8.131.52. Rest of Europe
6.4.3. Asia-Pacific Mobile Biometrics Market Analysis (2018-2023)
184.108.40.206.China Mobile Biometrics Market Analysis (2018-2023)
220.127.116.11. Japan Mobile Biometrics Market Analysis (2018-2023)
18.104.22.168. India Mobile Biometrics Market Analysis (2018-2023)
22.214.171.124. South Korea Mobile Biometrics Market Analysis (2018-2023)
126.96.36.199. Rest of Asia-Pacific
6.4.4. Latin America Mobile Biometrics Market Analysis (2018-2023)
188.8.131.52. Brazil Mobile Biometrics Market Analysis (2018-2023)
184.108.40.206. Mexico Mobile Biometrics Market Analysis (2018-2023)
220.127.116.11. Argentina Mobile Biometrics Market Analysis (2018-2023)
18.104.22.168. Rest of Latin America
6.4.5. Middle East and Africa Mobile Biometrics Market Analysis (2018-2023)
22.214.171.124. Saudi Arabia Mobile Biometrics Market Analysis (2018-2023)
126.96.36.199. South Africa Mobile Biometrics Market Analysis (2018-2023)
188.8.131.52. UAE Mobile Biometrics Market Analysis (2018-2023)
184.108.40.206. Rest of Middle East and Africa
7. Vendor Market Share
8. Competitive Intelligence - Company Profiles
8.1. Apple Inc.
8.2. Nuance Communications Inc.
8.3. NEC Corporation
8.4. Fulcrum Biometrics LLC
8.5. Applied Recognition Inc.
8.6. Aware Inc.
8.7. Precise Biometrics AB
8.8. Fujitsu Ltd
8.9. M2SYS Technology
8.10. Honeywell International Inc.
8.11. ImageWare Systems
8.12. Gemalto NV
8.13. Cognitec Systems GmbH
8.15. VoiceVault Incorporated
8.16. LG Innotek
8.17. PayPal Holdings Inc.
*(List Not Exhaustive)
9. Investment Analysis
10. Future of the Global Mobile Biometrics Market
. . . Continued
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