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Mobile Biometrics Market by Technology Innovations, Trends and Future Growth 2021 to 2025
Global Mobile Biometrics Market Size, Status and Forecast 2021-2025The Mobile Biometrics market report is the most important research for who looks for complete information on the Mobile Biometrics market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Mobile Biometrics market scenario, and feasibility study are the vital aspects analyzed in this report.
The Mobile Biometrics Market was valued at USD 18.63 billion in 2019 and is expected to reach USD 74.58 billion by 2025, at a CAGR of 26% over the forecast period 2020- 2025.
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Top Leading Companies of Global Mobile Biometrics Market are Aware Inc., Mobbeel Solutions SLL, Veridium Ltd., M2SYS Technologies, Fingerprint Cards AB, Nuance Communications Inc., Precise BiometricsÊAB, ValidSoft Limited, VoiceVaultÊInc., IDEMIA (Safran Identity & Security SAS) and others.
Key Developments:
- March 2019 - AppGuard launched TRUSTICA Mobile, which is a consumer mobile device communication app with military-grade security, including iris, facial and fingerprint biometrics for user authentication and encryption keys that change for each interaction.
- August 2018 - Ipsidy Inc. launched its Access mobile biometric identity solution for physical access management. Access works with the company's Concierge tablet-based application, which provides the site attendant with real-time monitoring of enrolled people, as well as registration, reporting, and analytical tools.
Key Market Trends
Mobile Banking is Expected to Hold a Significant Share
- The utilization of banking and financial services through online portals is increasing at a high pace, which creates a demand for advanced authentication to protect the vital data of consumers associated with the banking organization. Furthermore, with the rise in online transaction and banking, the risk for fraud and potential exposure of personal information are ascending.
- Owing to the adoption of online banking, mobile and e-banking are being increasingly used daily to transfer and perform a transaction, which creates potential avenues for cybercriminals to compromise a user’s account to extract money. With banking service providers investing in mobile app service to operate, the pressure to provide safe banking services through mobile apps persists. This is expected to influence the demand for the mobile biometrics market.
- Facial recognition is expected to emerge owing to the release of mobile phones with facial recognition software (iPhone X). A few used cases are evident across the UK who have upgraded their mobile banking apps compatible with the new iPhone facial recognition software. Banking giants like HSBC (HSBCnet app) have extended their touch ID biometric authentication to voice recognition, Selfie ID, and even log-in with a photo.
Asia-Pacific is Expected to Witness Rapid Growth
- Growing mobile transactions in countries such as India and China is expected to be one of the significant drivers for the mobile biometrics market in the region.
- China is witnessing high mobile transactional volume which is expected to create demand for authentication solutions such as biometrics. For instance, as of October 2017, the mobile payment was recorded at CNY 81 trillion as compared to CNY 58.8 trillion in 2016.
- State Bank of India is planning to launch a multi-mode biometric authentication for its mobile applications. It will comprise of either fingerprint or face recognition or by using voice recognition software. In addition to this, the bank is also planning to use biometrics for various mobile banking products including Unified Payment Interface transactions. With other banks to follow suit, it is expected to bolster the demand of the market in the region.
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https://www.marketinsightsreports.com/reports/01091745352/mobile-biometrics-market-growth-trends-and-forecast-2020-2025?Mode=07
Crucial Elements from the Table of Contents of Global Mobile Biometrics Market:
- Mobile Biometrics Market Overview
- Global Mobile Biometrics Market Competition, Profiles/Analysis, Strategies
- Global Mobile Biometrics Capacity, Production, Revenue (Value) by Region (2016-2021)
- Global Mobile Biometrics Supply (Production), Consumption, Export, Import by Region (2016-2021)
- Global Mobile Biometrics Market Regional Highlights
- Industrial Chain, Sourcing Strategy, and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Decisions for the present scenario
- Global Mobile Biometrics Market Forecast (2021-2025)
- Case Studies
- Research Findings and Conclusion
The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Mobile Biometrics Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. The Mobile Biometrics industry report additionally presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
- Free Country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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