Press release
Increasing Demand For Digital And Internet Penetration Boosting Mobile Biometrics Market: Strengthening the Growth Trajectory of the Mobile Biometrics Market
Mobile Biometrics
What Is the Expected CAGR for the Mobile Biometrics Market Through 2025?
The size of the mobile biometrics market has seen a significant surge lately. It is projected to expand from $55.67 billion in 2024 to a valuation of $69.28 billion in 2025, with a compound annual growth rate (CAGR) of 24.4%. The previous growth trends can be traced back to heightened security needs, a surge in consumer interest for privacy, escalation in industry benchmarks, a rise in strategies to prevent identity theft, a growth in smartphone usage, and escalating threats to cybersecurity.
What's the Projected Size of the Global Mobile Biometrics Market by 2029?
In the coming years, a significant surge is predicted in the size of the mobile biometrics market. The market is set to expand to a whopping $164.75 billion by 2029, having a compound annual growth rate (CAGR) of 24.2%. This growth during the forecast period is primarily due to factors such as increasing regulatory compliance prerequisites, inclination towards touchless solutions, their implementation by financial bodies, the extension of mobile transactions, and an emphasis on consumer experience. The notable trends of this forecast period encompass progress in facial recognition, the integration of biometric wearables, the prevalence of voice biometrics, multimodal biometrics, ongoing validation and the contribution of AI and machine learning in biometrics, and the evolution of wearable technology.
View the full report here:
https://www.thebusinessresearchcompany.com/report/mobile-biometrics-global-market-report
Top Growth Drivers in the Mobile Biometrics Industry: What's Accelerating the Market?
Advancements in internet accessibility are foreseen to bolster the expansion of the mobile biometrics market. The term internet penetration refers to the proportion of individuals or regions that have internet connectivity. Factors like economic advancement, accessible education, and information, as well as social interaction, contribute to raising internet penetration. This expansion enables users to use mobile payment applications and other everyday apps. Mobile biometrics provides a highly secure and convenient method of validation for mobile transactions, user identification, and fraud security. As an illustration, a report by the International Telecommunication Union, a Switzerland-based specialized agency, stated that by October 2023, about 67 percent or 5.4 billion of the world's population is now connected online. It shows the escalating growth of digital inclusion and internet accessibility. This is a 4.7 percent increase from 2022, a boost from the 3.5 percent growth during the 2021-2022 period. As a result, the enhancement of digital and internet penetration acts as a catalyst for the growth of the mobile biometrics market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14754&type=smp
What Trends Will Shape the Mobile Biometrics Market Through 2029 and Beyond?
Leading enterprises functioning in the mobile biometrics sector are concentrating on the creation of groundbreaking technologies, such as biometric enrollment and identification technologies, particularly fingerprint capture software. This specific technology facilitates users to acquire and process fingerprint pictures utilizing devices such as smartphones or tablets for purposes of biometric identification and verification. As an illustration, Mobile-Technologies, a company rooted in Thailand that excels in digital identity management and workflow automation solutions, introduced Fingerprint Xpress in November 2023. This cutting-edge software allows users to record fingerprints with just a smartphone camera, bypassing the requirement for specialized equipment. Crafted to enhance both security and user experience in verification, the software overcomes the drawbacks of conventional methodologies like physical fingerprint scanners and passwords. By capitalizing on the omnipresent use of smartphones, it extends the efficiency and accessibility of biometric verification for myriad applications, ranging from identity validation to transaction approval.
What Are the Main 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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14754&type=smp
Which Top Companies are Driving Growth in the Mobile Biometrics Market?
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
Which Regions Will Dominate the Mobile Biometrics Market Through 2029?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14754
"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
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 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 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 Increasing Demand For Digital And Internet Penetration Boosting Mobile Biometrics Market: Strengthening the Growth Trajectory of the Mobile Biometrics Market here
News-ID: 4125620 • Views: …
More Releases from The Business Research Company
Construction Software-As-A-Service Market Expansion Continues, with Forecast Val …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Construction Software-As-A-Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for software-as-a-service in construction has been experiencing accelerated growth in recent years. The market is expected to increase from $13.42 billion in 2024 to $14.91 billion in 2025, with a compound annual…
Construction Extended Reality Market Trends That Will Shape the Next Decade: Ins …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Construction Extended Reality Market Size By 2025?
The scale of the construction extended reality market has seen an explosive growth recently. The market, pegged at $5.34 billion in 2024, is expected to expand to $6.63 billion in 2025, indicating a compound annual growth rate (CAGR)…
The Rising Ransomware And Phishing Attacks Are Expected To Drive Market Growth D …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Construction Cybersecurity Market Through 2025?
Over the past few years, there has been a significant growth in the size of the construction cybersecurity market. The market, which is projected to expand from $5.82 billion in 2024 to $7.07 billion in 2025, will…
Future of the Concrete Platform Weighbridges Market: Trends, Innovations, and Ke …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Concrete Platform Weighbridges Market Size Growth Forecast: What to Expect by 2025?
The market size of concrete platform weighbridges has been experiencing robust growth in the past few years. The market is projected to expand from $1.96 billion in 2024 to $2.10 billion in 2025, with a compound annual…
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…
