Mobile Biometrics Market – Industry Players to Show High Growth Rate by 2024

Mobile Biometrics Market

Global Mobile Biometrics Market: Overview

Biometrics is used to measure and analyze human body characteristics that include facial patterns, fingerprints, voice patterns, and eye retinas for authentication purposes. Biometric authentication is getting popular in diverse sectors for data security. Various biometric products are used in BFSI, government, and other sectors prominently. Schools, corporate houses, and industries are making use of this technology for time and attendance monitoring while they are also being used to authenticate the access to confidential. The fingerprint recognition technology is the most widely used technology. It is the most convenient technology in terms of market acceptance and investment.

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Global Mobile Biometrics Market: Growth Factors

The major growth factor of the mobile biometrics market is the rising penetration of the mobile devices coupled with the increasing number of mobile transactions, this is expected to drive the global market growth. Gradually rising e-commerce and online transactions have created an immense opportunity for the companies to invest in the biometric industry to secure their transactions. Biometric-enabled mobile devices offer high security for the transactions and save time, which in turn will give rise to the market growth in the coming years. The proliferation of the transition of data across health information exchanges and electronic health records has created a high demand for mobile biometrics thus anticipating to fuel the mobile biometrics market growth. Biometric patient identification systems are extensively used by the healthcare providers in order to ensure patients are accurately identified former to the treatment. Many well-known smartphone manufacturers are providing the fingerprint recognition technology.

Global Mobile Biometrics Market: Segmentation

The global mobile biometrics market is categorized based on industry, component, and authentication mode. According to the industry, the market is classified into travel & immigration, consumer electronics, military & defense, finance & banking, government, healthcare, and others. The healthcare industry is the leading segment among others. Based on the component, the market is divided into scanners, cameras, and fingerprint readers. Depending on authentication mode, the market is fragmented into multi-factor authentication and single-factor authentication.

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Global Mobile Biometrics Market: Regional Analysis

Mobile biometrics technology is prominently adopted for the employee access monitoring in organizations, banking & finance, passports & visas, and large-scale funded programs thus anticipating to foster the global mobile biometrics market growth in North America. In Asian countries, the government is highly investing for the acceptance of biometric technologies, which is positively enhancing the market. The Indian government has launched biometric-based unique identification that may cover about 1.25 billion Indians and China has launched the new China Resident Identity Card Law that needs Chinese citizens to have their fingerprints recorded and scanned. In Japan, large-scale township projects also are accepting biometrics as a standard security device.

Global Mobile Biometrics Market: Competitive Players

Major players in the global mobile biometrics market are Fulcrum Biometrics, LLC., Precise Biometric, Nuance Communications, Inc., Applied Recognition, Inc., M2SYS Technology, and Aware Inc. Other influencing market players include EyeVerify, Inc., Safran SA, Crossmatch, BIO-key, Apple Inc., 3M Cogent, Inc.

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About Martin Glenn 226 Articles
Martin Glenn is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging.

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