Global Mobile Biometrics Market - Segmented by Application, Scanner Type, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||704900|
|出版日||ページ情報||英文 102 Pages
|世界のモバイル機器向けバイオメトリクス市場：用途・スキャナータイプ・エンドユーザー産業・地域別（2018年〜2023年） Global Mobile Biometrics Market - Segmented by Application, Scanner Type, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年08月18日||ページ情報: 英文 102 Pages||
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.
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.
Reasons to Purchase The Report
To understand the factors and their intensity of impact on mobile biometrics market globally
Analysis of various perspectives of the market with the help of Porter's five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares, and strategies employed by the major market players and key innovators
3 months analyst support, along with the Market Estimate sheet (in Excel)
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