Press release
Mobile Biometrics Market Size Forecasted To Achieve $164.75 Billion By 2029 With Steady Growth
Mobile Biometrics Market Size
What Is the Mobile Biometrics Market Size and Projected Growth Rate?
In the past few years, there has been a significant expansion in the mobile biometrics market. Its size is anticipated to expand from $55.67 billion in 2024 to $69.28 billion in 2025, recording a compound annual growth rate (CAGR) of 24.4%. This surge during the historical period is attributed to factors such as heightened safety apprehensions, greater consumer need for privacy, enhanced industry norms, a rise in identity theft prevention measures, increased smartphone usage, and escalating cybersecurity threats.
The size of the mobile biometrics industry is set to undergo substantial growth in the coming years. The market is predicted to reach $164.75 billion by 2029, with a 24.2% compound annual growth rate (CAGR). This predicted growth can be linked to factors such as increasing regulatory compliance mandates, a shift towards touch-free solutions, utilization by financial entities, the expansion of mobile transactions, and a focus on the user experience. The forecast period also expects to see emerging trends like facial recognition advancements, integration of biometric wearables, adoption of voice biometrics, multimodal biometrics, on-going authentication, and the application of artificial intelligence and machine learning in biometrics, alongside the rise of wearable technology.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14754
What Are the Major Segments in the Mobile Biometrics Market?
The mobile biometrics market covered in this report is segmented -
1) By Component: Hardware, Software, Service
2) By Authentication Mode: Single Factor Authentication, Multi Factor Authentication
3) By Technology: Fingerprint Recognition, Voice Recognition, Face Recognition, Other Technologies
4) By End Users: Public Sector, Banking, Financial Services, And Insurance, Healthcare, IT And Telecommunication, Other Industrial Verticals
Subsegments:
1) By Hardware: Sensors, Camera Modules, Microcontrollers, Fingerprint Scanners
2) By Software: Authentication Software, Image Processing Software, Cloud-Based Software Solutions, Biometric Data Management Software
3) By Service: Integration Services, Consulting Services, Support And Maintenance Services, Managed Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14754&type=smp
What Are The Driving Mobile Biometrics Market Evolution?
The mobile biometrics market's growth is anticipated to be driven by the increasing internet penetration. Internet penetration denotes the section of a population or geographical location with internet connectivity. Its expansion can be attributed to economic progress, access to education and information, as well as social connectivity. High internet penetration eases access to applications for mobile payments and other daily necessary apps. Mobile biometrics serves as a reliable and safe way to authorize mobile transactions, verify user identities and provide security against fraudulent activities. As an example, a report by the International Telecommunication Union, a specialized Switzerland-based agency, in October 2023 showed that about 67% of the world's population, equivalent to 5.4 billion individuals, have internet access. This represents a notable increase in digital and internet penetration by 4.7% from 2022, compared to a growth rate of 3.5% observed between 2021 and 2022. Consequently, the escalating digital and internet proliferation is fueling the expansion of the mobile biometrics market.
Which Firms Dominate The Mobile Biometrics Market Segments?
Major companies operating in the mobile biometrics market are Apple Inc., Qualcomm Technologies Inc., 3M Company, NEC Corporation, Safran Group, Thales Company, IDEMIA Group, Synaptics Incorporated, HID Global Corporation, Goodix Technology Inc., Nuance Communications Inc., ZKTeco Inc., Fingerprint Cards AB, M2SYS Technology, Egis Technology Inc., Suprema Inc., Crossmatch Technologies Inc., Aware Inc., Sonavation Inc., Veridium Ltd., Precise Biometrics AB, BIO-key International Inc., KeyLemon SA, Next Biometrics Group ASA, IDEX Biometrics ASA
What Trends Are Expected to Dominate the Mobile Biometrics Market in the Next 5 Years?
Leading businesses in the mobile biometrics market are concentrating on creating groundbreaking technologies, including fingerprint capture software to facilitate biometric registration and identification processes. This type of software captures and processes fingerprint images by utilizing smartphones or tablets for biometric recognition and authorization. For example, Mobile-Technologies, a Thai company known for their digital identity management and workflow automation solutions, introduced Fingerprint Xpress in November 2023. The application allows users to capture fingerprints with just their smartphone camera, bypassing the need for specific equipment. The software aims to enhance security and convenience during authentication and addresses issues of traditional methods like passwords and physical fingerprint screens. By capitalizing on the prevalence of smartphones, this technological solution makes biometric authentication more accessible and effective in various uses, like verifying identities and approving transactions.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/mobile-biometrics-global-market-report
Which Is The Largest Region In The Mobile Biometrics Market?
North America was the largest region in the mobile biometrics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile biometrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mobile Biometrics Market?
2. What is the CAGR expected in the Mobile Biometrics Market?
3. What Are the Key Innovations Transforming the Mobile Biometrics Industry?
4. Which Region Is Leading the Mobile Biometrics Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mobile Biometrics Market Size Forecasted To Achieve $164.75 Billion By 2029 With Steady Growth here
News-ID: 4027435 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Biometric
Global Biometric Service Market Size by Application, Type, and Geography: Foreca …
According to Market Research Intellect, the global Biometric Service market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The biometric service market is witnessing rapid growth, fueled by increasing demand for advanced security solutions across various…
Prominent Biometric Cards Market Trend for 2025: Revolutionizing Payment Securit …
What market dynamics are playing a key role in accelerating the growth of the biometric cards market?
The burgeoning expansion of contactless payment systems is anticipated to spur the development of the biometric card market in the future. Contactless payment systems provide a secure means for consumers to purchase goods or services using their debit, credit, or smart cards by exploiting radio frequency identification (RFID) technology or near-field communication (NFC). The…
Prominent Biometric Sensor Market Trend for 2025: Pioneering Product Innovation …
Which drivers are expected to have the greatest impact on the over the biometric sensor market's growth?
The spike in identity theft incidents is predicted to bolster the expansion of the biometric sensor market. Identity theft involves the stolen personal data such as social security numbers, bank account or credit card details. Biometric techniques address all critical aspects of authentication, non-repudiation, confidentiality, and integrity, contributing substantially to curbing and extinguishing identity…
Key Biometric Cards Market Trend for 2025-2034: Revolutionizing Payment Security …
What Is the Future Outlook for the Biometric Cards Market's Size and Growth Rate?
In recent times, the size of the biometric cards market has expanded swiftly. Its growth is anticipated to soar from $13.03 billion in 2024 to reach $15.36 billion in 2025, with a compound annual growth rate (CAGR) of 17.9%. The surging growth during the historical span can be credited to enhanced security requirements, escalating concerns regarding fraud,…
Biometric Workforce Management Market Will Hit Big Revenues In Future | IDEMIA, …
Advance Market Analytics added research publication document on Worldwide Biometric Workforce Management Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Biometric Workforce Management market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2022 which is estimated and forecasted till…
Biometric ATM Market Growing Penetration and Adoption of Voice Biometric Solutio …
The global biometric ATM market size is expected to be valued at US$ 1,960.5 million in 2022 and grow at a CAGR of 30.3% over the forecast period. Biometric ATMs are self-service automated teller machines (ATMs), or cash machines, that use a biometric measure to identify customers and allow them to withdraw cash. Biometric authentication may be the only customer identifier used, or it may be used in conjunction with…
