Mobile Biometric Security and Service Market 2K19 Historical Analysis, Development Strategy, Emerging Technologies, Global Trends and Forecast by Regions
The report on the Global Mobile Biometric Security and Service Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.
Pune, India – October 9, 2019 /MarketersMedia/ —
Market Scope
Market Research Future (MRFR) reveals in its report that the global market of mobile biometric and security and service is expected to strike a CAGR of 35% over the forecast period of 2016 to 2022 and scale to a valuation of USD 45 billion by the end of the evaluation period.
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Market Insights
Biometric security systems provide a long-term security solution, with the least possibilities to detect loopholes in their activities. Mobiles phones are acting as a potent force that is influencing several aspects of our lives. Hence, the need for incorporating biometric solutions in mobiles, for customers to experience enhanced security facilities, is observed to surge. This is noted to be the primary factor that is likely to drive the global market of mobile biometric and security and service market growth. Biometric solutions in mobiles offer security with convenience, which is expected to cast a positive impact on the market. Biological characteristics are difficult to twin, hence offer high level of security. Furthermore, accessing mobiles using fingerprint or other biometry solutions such as iris or voice recognition is more convenient than recollecting passwords. Other advantages such as greater scalability, high efficacy, and better accountability of biometric solution and increase in demand for intelligent mobiles are expected to benefit the market growth.
Segmental Overview
The Mobile Biometric Security and Service Market has been segmented on the basis of component, type, industry, and platform.
By type, the market is segmented into face recognition, iris recognition, fingerprint recognition, and voice recognition. Iris recognition offers greater security then fingerprint recognition. The iris recognition is expected to contribute significantly to the health of the market.
By component, the market is segmented into hardware and software (computer software). The hardware segment has been sub-segmented into fingerprint reader, scanners, and camera.
By platform, the market is segmented into android and iOS (formerly iPhone OS). The demand for iOS is higher because of its user-friendly interface benefit. Hence, the iOS segment is expected to expand at a high CAGR, followed by the android segment, by 2022.
By industry, the market is segmented into law enforcement, healthcare, banking and finance, military and border control, and government organization.
Key Players
3M Cogent, Inc. (U.S.), Apple Inc. (U.S.), M2SYS Technology (U.S.), Precise Biometrics (Sweden), Safran SA (France), Nuance Communications, Inc. (U.S.), Crossmatch (U.S.), NEC Corporation (Japan), Aware Inc. (U.S.), BIO-key (U.S.), EyeVerify, Inc. (U.S.), and Applied Recognition, Inc. (Canada) are some of the prominent players that are functioning in the worldwide market of mobile biometric security and service.
Industry News
September 2019
Zwipe, a developer of biometric solutions, to develop biometric payment cards for the Asian market.
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Regional Outlook
By region, the mobile biometric security and service market has been studied for Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW).
The North America is expected to gain global foothold in the coming years. The increase in need for tight homeland security and governments of the region making deliberate efforts to fight cybercrime are noted to be the major factors that are likely to promote the market. Robust execution of government policies concerning portable devices and security exercised through them are factor that are likely to be responsible for the improving health of the Europe mobile biometric security and service market. In addition, services such as mobile payments and e-passport are extensively exercised in the region that require high level security is expected to propel the growth of the market in the near future. Adoption of latest technical advancements, increase in use of smartphones, and rise in security standards are expected to favor the Asia Pacific market growth.
LIST OF TABLES
TABLE 1 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY TYPE
TABLE 2 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY COMPONENT
TABLE 3 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY PLATFORM
TABLE 4 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY INDUSTRY
TABLE 5 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY REGIONS
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET: BY TYPE (%)
FIGURE 3 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET: BY COMPONENT (%)
FIGURE 4 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET: BY PLATFORM (%)
FIGURE 5 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET: BY INDUSTRY (%)
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Website: https://www.marketresearchfuture.com/reports/mobile-biometric-security-service-market-1864
Source: MarketersMedia
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