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MarketsandMarkets Presents Publishing Date: August 2015 Mobile Biometrics MarketThe 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
About our Report • The growing penetration of mobile devices and increasing number of mobile transactions are driving the growth of the mobile biometrics market. Over the last few years, the number of online transactions and e-commerce has gradually gone up and has created a huge opportunity for the companies to invest in the biometric industry to secure these transactions. A shift from traditional commerce to smart commerce using biometric-enabled mobile devices would save time and provide high security for transactions. • 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.
Inside of Report Browse: • 61 market data tables. • 60 figures spread through 142 pages. • in-depth TOC on “Mobile Biometrics Market - Global Forecast to 2022.” • 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 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.
Table of Content 1 Introduction (Page No. - 15) 1.1 Study Objectives 1.2 Market Definition 1.3 Study Scope 1.3.1 Markets Covered 1.3.2 Geographic Scope 1.3.3 Years Considered for the Study 1.4 Currency 1.5 Limitations 1.6 Market Stakeholders 2 Research Methodology (Page No. - 18) 2.1 Research Data . . . 13 Appendix (Page No. - 136) 13.1 Insights of Industry Experts 13.2 Discussion Guide
Mobile Biometrics Download Free Sample Pages :- http://www.marketsandmarkets.com/requestsample.asp?id=255843667 The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Many countries in the Asia-Pacific region have started adopting mobile biometric technologies in national IDs and e-passports. Moreover, the government in Asian countries is actively promoting and adopting biometric technologies. India has introduced biometric-based unique identification (UID) which is likely to cover 1.25 billion Indians. In 2012, China introduced the new China Resident Identity Card Law which requires Chinese citizens to have their fingerprints scanned and recorded. Large-scale township projects in Japan have also started adopting biometrics as a standard security device.
Company Coverage • Apple Inc. (U.S.) • Nuance Communications, Inc. (U.S.) • Safran SA (France) • M2SYS Technology (U.S.) • 3M Cogent, Inc. (U.S.) • Precise Biometric (Sweden) • Crossmatch (U.S.) • BIO-key (U.S.) • Aware Inc. (U.S.) • Applied Recognition, Inc. (Canada) • EyeVerify, Inc. (U.S.) • Fulcrum Biometrics, LLC (U.S.)
Summary 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. 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.
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