Mobile Biometric Security and Service Market 2022 | Key Leaders Apple Inc., 3M Cogent Inc., Precise Biometrics, M2SYS Technology, Nuance Communications Inc., Safran SA

Mobile Biometric Security and Service Market - Overview
Mobile Biometric Security is a part of biometric security system which involves use of mobile devices to scan and measure unique characteristics of a person such as voice pattern, the iris or retina pattern of the eye or finger print patterns using devices. Mobile device can achieve biometric functionality with the integration of sensors or biometric hardware. Mobile biometrics is a user friendly system that offers strong security and other benefits such as accurate identification, scalability, versatility, time saving and convenience. Increasing use of mobile for various services such as mobile banking, internet services, e-commerce and entertainment is increasing the chances of data loss and security breach risks. Mobile biometric security and service market is increasing at a fast speed owing to increasing need of authentication and security from unwanted cyber threats. Many Smartphone and tablet manufacturing companies such as Google, Xiaomi, Panasonic, and Lenovo are offering their products with biometric security.
The key driving factor for mobile biometric security and service market is increasing volume of digital transactions, rising number of initiatives for making use of mobile biometrics. Moreover, ease of conducting transactions online is expected that smartphones to become a path of access for a wide variety of services, driving the demand for mobile biometric security and services to guarantee the safety of the transactions. However, the lack of consumer acceptance to make use of mobile biometric for security and services is expected to hinder the growth of the overall market in the coming years.

Major Key Players
The prominent players in the Mobile Biometric Security and Service Market 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, are profiled in Market Research Future analysis and are at the forefront of competition in the global Mobile Biometric Security and Service market.

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Segmentation
Segmentation by Component: Hardware and Software. Hardware component is bifurcated into fingerprint readers, scanners, cameras and others.
Segmentation by Authentication Mode: Single factor authentication and Multi-factor authentication. Single factor authentication is further bifurcated into fingerprint recognition, voice recognition, facial recognition, iris recognition, vein recognition, retina scan system and others.
Segmentation by Industry: Consumer Electronics, Healthcare, Finance & Banking, Travel & Immigration, Government/Law Enforcement & Forensic, Military & Defense and Others.
Segmentation by region: North America, Europe, Asia Pacific and rest of the world.

Regional Analysis
The regional analysis of mobile biometric security and service market is studied for North America, Europe, Asia Pacific and Rest of the World. North America is expected to dominate the mobile biometric security and services market owing to higher usage of technology in the form of smart phones for carrying daily transactions by tech savvy citizens, increase in homeland security and government initiatives to fight cybercrime. Europe is expected to have fast growth in mobile biometric security and service market due to the government policies and efforts to improve the security infrastructure for mobile devices.
Asia Pacific is expected to be the fastest growing region for mobile biometric security and service market owing to rising disposable income of consumers in countries such as India and China has led the smartphones industry in the region posting solid growth figures. Growing local smartphone industries in these countries are also expected 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 user data security.

Industry News
July 18, Bank Of America Deploys Biometrics For Enterprise Mobile Banking.
Bank of America announced its latest initiative in corporate mobile banking. The FI revealed enhancements to its CashPro Mobile platform, a corporate mobile banking portal which includes biometrics and embedded token technology. The new features included is expected to be easier, anytime access to cash and treasury information.
June 18, Hong Kong’s Dah Sing Bank introduces mobile biometric authentication system.
Hong Kong based Dah Sing Bank (DSB) implemented mobile biometric authentication system which is expected to enable the bank’s customers to access their banking services using fingerprint or facial recognition using a mobile device to access DSB services.
April 18, Tascent Introduces Next-Generation Mobile Biometric Platform.
Tascent, Inc., the leader in intuitive biometrics introduced Tascent MX, the latest in its family of mobile biometric devices. Tascent MX is expected to combine advanced iris, fingerprint, and face biometrics with the world’s leading smartphones to form an intuitive and powerful platform for a wide variety of identity registration and authentication applications.
April 18, Veridium Launches Mobile Biometric Authentication App.
Veridium launched mobile biometric authentication app called Veridium Authenticator App which is expected to enable enterprise organizations to benefit from a frictionless solution for end users, while increasing productivity by reducing calls to the help desk and lost time due to password resets or lost or damaged tokens.
April 18, Ingenico launches new mobile biometric POS terminal.
Ingenico Group launched Move/2500 B mobile POS terminal, featuring fingerprint authentication and compliance with PCI-v5 and STQC. Move/2500 B, a third generation biometric POS is designed to support financial inclusion scenarios as well as innovative payment schemes in mature markets.

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LIST OF TABLES
TABLE 1 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY TYPE
TABLE 2 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY COMPONENT
TABLE 3 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY PLATFORM
TABLE 4 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY INDUSTRY
TABLE 5 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET, BY REGIONS
Continued……..

LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET: BY TYPE (%)
FIGURE 3 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET: BY COMPONENT (%)
FIGURE 4 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET: BY PLATFORM (%)
FIGURE 5 GLOBAL MOBILE BIOMETRIC SECURITY & SERVICES MARKET: BY INDUSTRY (%)
Continued……..

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