Mobile Biometric Security and Service market is increasing at a very fast pace due to the increasing need of authentication and security from unwanted cyber threats. The increasing use of mobile device for various services such as mobile banking, internet services, e-commerce and entertainment is also increasing the chances of data loss and security breach risks.
The unique identification features with excellent accuracy and multi-functionality platform has spurred the Mobile Biometric Security and Service market worldwide. The Mobile Biometric Security and Service help the user for secure business and personal operations on mobile device.
The Mobile Biometric Security and Service are of various types such as fingerprint identification, iris identification, voice recognition, and face recognition among others.
Global Mobile Biometric Security and Service Market is expect to grow at US $~46 billion by the end of forecasted period with CAGR of ~35% between 2016 and 2022.
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Mobile Biometric Security and Service Market:
The key factor in the growth of Mobile Biometric Security and Service is the widespread adoption of Biometric solution to prevent the mobile devices such as smartphone and tablets. Many Smartphone and tablet manufacturing companies such as Google, Xiomi, Panasonic, and Lenovo are offering their products with biometric security. Recently Xiaomi launched, Redmi note 3 smartphone with fingerprint reader and was named as Touch ID.
The Mobile Biometric Security and Service Market is having significant growth in many areas such as Smartphone, tablet and other electronic gadget that requires protection against security threats.
The prominent players in the market of Mobile Biometric Security and Service are- Apple Inc. (U.S.), 3M Cogent, Inc. (U.S.), and Precise Biometrics (Sweden), and M2SYS Technology (U.S.), Nuance Communications, Inc. (U.S.), Safran SA (France), NEC Corporation (Japan), , Crossmatch (U.S.) BIO-key (U.S.), Aware Inc. (U.S.), Applied Recognition, Inc. (Canada), EyeVerify, Inc. (U.S.),among others.
Global Mobile Biometric Security and Service Market has been segmented on the Basis of type, component, Platform and industry. The type includes Fingerprint recognition, face recognition, voice Recognition, Iris recognition among others. Component has been identified as fingerprint reader, Scanners, camera and computer software among others. Platform consist of Android and iOS among others whereas Industry includes banking and finance, law enforcement, military and border control, healthcare, government organization among others.
North America is dominating the market of Mobile Biometric Security and Service Market due to the increase in homeland security and government initiatives to fight cybercrime. Europe is expected to register healthy growth in the Mobile Biometric Security and Service Market due to the government policies and efforts to improve the security infrastructure for mobile devices. The large no. of portable devices when connected to the internet and services like e-passport, mobile payments are also driving the market of Mobile Biometrics.
Asia-Pacific is dominating the market of Mobile Biometric Security and Service Market due to the rising safety and security concerns with increase in the no. of smartphone and electronic gadget in regions such as China and India. The technological advancement such as internet, mobile devices, computer software and biometric innovation itself in this region is contributing the market of Mobile biometric Security and Safety Market to grow and achieve new heights.
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