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Global mobile biometrics market is expected to register a healthy CAGR of 27.29% in the forecast period of 2019-2026

10-04-2019 01:06 PM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

Global Mobile Biometrics Market Trends

Global Mobile Biometrics Market Trends

The Global Mobile Biometrics Market report provides an in depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecast for various market segments and all geographic regions including North America, South America, Asia and Pacific Region, Middle east and Africa and Europe. The report also features the revenue; industry size, share, production volume, and consumption in order to gain insights about the politics and tussle of gaining control of a huge chunk of the market share.

Global mobile biometrics market is expected to register a healthy CAGR of 27.29% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the large-scale rise in the applications of mobile biometrics as well as the various advancements and development of innovative technology.

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Major Market Competitors/Players

Few of the major competitors currently working in the global mobile biometrics market are Apple Inc., IDEMIA, Nuance Communications, Inc., NEC Corporation, Precise Biometrics AB, Gemalto NV, BIO-key: FUJITSU, ImageWare Systems, Inc., BioEnable Technologies Pvt. Ltd, Applied Recognition, Inc., Cognitec Systems GmbH, Fulcrum Biometrics, LLC, Neurotechnology, M2SYS Technology - KernellÓ Inc., VoicePIN.com Sp. z o.o., Verint VoiceVault Voice Authentication, Aware, Inc., Mobbeel, Veridium Ltd., Fingerprint Cards, ValidSoft, Egis Technology Inc., Shenzhen Goodix Technology Co., Ltd., Synaptics Incorporated and Qualcomm Technologies, Inc. among others.

Segmentation:

Global Mobile Biometrics Market By Component (Hardware, Software), Authentication Mode (Single-Factor Authentication, Multi-Factor Authentication), Application (Access Control, Mobile Banking/Payment, Authentication, Others), Industry (Consumer Electronics, Healthcare, Finance & Banking, Travel & Immigration, Government/Law Enforcement & Forensic, Military & Defense, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Competitive Analysis

Global mobile biometrics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mobile biometrics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Global Mobile Biometrics Market

Mobile biometrics can be defined as the collection of various technologies, components combined together to provide security services and biometric authentication for access and other features. This consists of various software, hardware systems and applications which utilize specialised authentication services. This combination finds its application in various mobile, portable devices such as smartphones, tablets, hand-held displays among others.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

Key Developments in the Market:

• In March 2019, Qualcomm Technologies, Inc. announced the launch of their 2nd Generation of ultrasonic fingerprint sensors. The sensors will provide greater area for recognition of fingers, it will also be able to detect heart rates of the individuals. This sensor is designed for integration in the screen itself. This will ensure better comfort and operations of the smartphones.

• In January 2019, Apple Inc. in collaboration with AuthenTec filed for a new patent with the U.S. Patent Office, pertaining to the biometric sensor which will be applied in wrist bands, watch for wrist sensing. This sensor will be able to detect the unique skin patterns for its authentication which will also be able to read unique heat signatures.

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Market Drivers:

• Increasing focus on implementing better security services in mobile devices, this factor is expected to augment growth of the market
• Rising adoption of conducting financial transactions through mobile devices is expected to foster growth of the market
• Significant rise in demand for electronic verification solutions, this factor is expected to boost the growth of the market
• Increasing prevalence of government initiatives to promote the usage of biometrics, this factor is expected to drive the growth of the market

Market Restraints:

• Apprehension in the adoption of technology due to breach and privacy issues, this factor is expected to restrain the growth of the market

• Lack of efficiency in difficult environmental conditions is expected to restrain the growth of the market

• Requirement of additional components and software integration for the successful deployment of this technology is also expected to restrict the growth of the market

Contact:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune. We ponder into the heterogeneous markets in accord with our clients needs and scoop out the best possible solutions and detailed information about the market trends. Data Bridge delve into the markets across Asia, North America, South America, Africa to name few.
Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

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