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July 23, 2021, 3:12 a.m. EDT

Mobile Biometrics Market Trend 2021, Size, Industry Growth by Global Major Companies Profile, Competitive Landscape and Key Regions 2023

Mobile Biometrics Market Analysis 2021-2023 presents detailed competitive analysis including the market Share, Size, Future scope. This study categorizes the global Health and Safety Products breakdown data by manufacturers, region, type and applications, also analyzes the market drivers, opportunities and challenges. Mobile Biometrics Market Report will add the analysis of the impact of COVID-19 on this industry.

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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.

Get a sample PDF of the report at - https://www.researchreportsworld.com/enquiry/request-sample/13104302

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.

TO KNOW HOW COVID-19 PANDEMIC WILL IMPACT Mobile Biometrics MARKET/INDUSTRY- REQUEST A SAMPLE COPY OF THE REPORT - https://www.researchreportsworld.com/enquiry/request-covid19/13104302

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 governments’ 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

•July 2018: Bank of America introduced face and fingerprint biometrics in its new online banking mobile application.

•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.

•June 2018: Dah Sing Bank rolled out a mobile biometric authentication system.


Global Mobile Biometrics Market Segmentation by Types, By Applications and by Region:

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