Mobile Biometric Security and Services Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
The global mobile biometric security and services market has made steady progress in the last few years due to the rising demand for smartphones and the rising acknowledgment of the benefits presented by biometric technology. The key factor propelling the demand from the mobile biometric security and services market is the safety of biometric details, as their use is based on the individuality of every user’s features.
In recent years, the importance of ecommerce has grown significantly due to its higher convenience compared to conventional modes of payment. Digital payments are likely to be the future of monetary transactions in the coming years, leading to mobile biometric security and services gaining rising demand. The ease of conducting transactions online is likely to lead to smartphones becoming a avenue of access for a wide variety of services, driving the demand for mobile biometric security and services to ensure the safety of the transactions.
Emerging regions such as Asia Pacific are likely to play a key role in the development of the global mobile biometric security and services market in the coming years. The rising disposable income of consumers in countries such as India and China has led to the smartphones industry in the region posting solid growth figures in the last decade. The growing local smartphone industries in these countries are also likely to benefit the global mobile biometric security and software market, as many emerging smartphone are incorporating biometric technology in their smartphones in order to enhance their security. The steady government support given to widespread use of cashless payment in many Southeast Asian nations is likely to remain a key driver for the global mobile biometric security and services market.
Biometrics are quantifiable data that are associated with human characteristics and traits. In the last few years, biometrics has been used extensively as an identification tool across the globe. As a result, the global market for mobile biometrics security and services is likely to grow at a significant pace throughout the forecast period.
The research report throws light on the key factors that are estimated to encourage the growth of the global mobile biometric security and services market. The historical data and forecast statistics have been included in the study to offer a strong understanding of the market. In addition, the product segmentation, applications, current trends, technological developments, key geographical segments, and the competitive scenario of the global market have been included in the research report.
The rising use of mobile across the globe is one of the important factors estimated to encourage the growth of the global mobile biometric security and services market in the coming years. In addition, the rising number of initiatives for making use of mobile biometrics is projected to accelerate the growth of the overall market in the near future.
As mobile phone and devices are considered as an important method for carrying out several digital commerce. As a result, identity verification and payment authorization are expected to be updated in order to match with the prescribed standards. This is expected to fuel the growth of the global mobile biometric security and services market in the next few years. However, the lack of consumer acceptance to make use of security and services is predicted to hamper the growth of the overall market in the coming years.
The research study has provided a detailed analysis of the global mobile biometric security and services market, focusing on the key segmentation. On the basis of technology, the market has been categorized into facial recognition, voice recognition, Iris scans, embedded fingerprint sensors, fingerprint recognition, and other possible biometric modalities. The use of different types of technology across diverse applications is expected to encourage the growth of the overall market in the coming few years.
Furthermore, in terms of geography, the global market for mobile biometric security and services has been bifurcated into Asia Pacific, North America, Europe, and the Rest of the World. The key factors projected to fuel the growth of the leading regional segments have been discussed in the research report in order to provide a clear picture of the market. In addition, the growth rate and market share of each segment have been included in the report.
Some of the prominent players operating in the mobile biometric security and services market across the globe are Phone Factor, VoiceVault, AuthenTec, Voice Commerce Group, Authentify, Anakam, Transaction Security, Animetrics, Blue Planet Apps, and M2SYS. The mounting number of players participating in the global market in order to build a brand name and attain a leading position for themselves is likely to toughen the competitive scenario throughout the forecast period.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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