Press release
Mobile Biometrics Market Growth Prospects, Key Opportunities, Trends And Forecast 2024
Read Report Overview @ https://www.transparencymarketresearch.com/mobile-biometrics-market.html
Mobile biometrics portray some of the special characteristics such as face identification, retina, voice, iris, vein, scanner, software, and fingerprints. All these functions are put into action by launching superior quality camera, enhancement in the quality of microphones, and present mobile devices introduce some common method for verification such as fingerprint reader.
IT consumerization (information technology consumerization) acts as the main driver generating demand in the mobile biometric market. It refers to the use of personal devices such as tablet PCs, iphones and connects these devices to the corporate network for safe transactions even without prior permission of organizations. All these iphones and TabletPCs possess biometrics. At present, demand for iphones and TabletPCs is rising, which in turn raises the demand for mobile biometrics.
Hence, transformation of market to smart commerce from traditional commerce enable the mobile biometrics market to grow at an increasing rate that save time and deliver efficient security relations without any execution of passwords. Similarly, increasing demands for personal devices for financial transactions safely as well as BYOD (bring your own device) act as other driver which contributes growth to mobile biometric industry. Moreover, with the rise in demand for mobile security the voice biometrics are gaining more popularity.
Fear of data breach, privacy breakup, and high TCO (Total cost of ownership mainly depicts the indirect and direct cost of mobile biometrics) act as key restraints for this mobile biometrics market. There are high possibilities of unauthorized alteration of biometric databases which will further increase the cyber threats.
Thus, increase in e-commerce and online future transactions will create an opportunity for the investors to invest in mobile biometrics industry.
Request Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15062
Mobile biometrics markets are segmented by end users and application. Enterprises and individual consumers act as end users. Individual consumers can make online payment through mobile biometrics without using any debit card or credit card whereas enhancement in POS process will expand the market during the forecast period.
Access control and authentication are segmented by application in mobile biometrics market. The process of authentication is further segmented into single-factor authentication and multi-factor authentication. Multi-factor authentication possess three credentials and those are knowledge factor such as passwords, possession factor such as Paytm and inherence factor such as retina scan, fingerprint scan, and others. While single-factor authentication is a process that identifies the user requesting access through only one category of credentials. In 2015, access control held the major market share in mobile biometrics.
By geography mobile biometrics market is segmented by North America, Europe, Asia Pacific and Rest of the World. North America and Europe shows a steady growth due to increase in adoption of smart phone devices and e-passport, compared to APAC and ROW.
Due to presence of abundant large and small vendors, mobile biometrics market is extremely fragmented. Research and development play a key role in mobile biometrics market which generate competition in terms of innovation, price, quality, distribution, reputation, service, and promotion. Increase in establishment of high level vendors raises M&As, wherein small vendors merged with large one.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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 Growth Prospects, Key Opportunities, Trends And Forecast 2024 here
News-ID: 850639 • Views: …
More Releases from Transparecny Market Research
Global Microgrid Controller Market Forecast 2024-2034 - Market Size, Drivers, Tr …
The global microgrid controller market is witnessing significant growth as decentralized energy systems gain traction. Microgrid controllers, the nerve centers of microgrids, manage distributed energy resources (DERs), ensuring efficient energy distribution, storage, and consumption. These systems provide resilience, optimize costs, and integrate renewable energy sources like solar and wind into the grid seamlessly.
The market is projected to grow at a robust compound annual growth rate CAGR 12.8 from 2024 to…
Lithium Tantalate Crystal Market to hit USD 790 million by 2027, Says Transparen …
The Lithium Tantalate Crystal Market has been witnessing a substantial surge from 2019 to 2027, attributed to its diverse applications across various industries. Lithium Tantalate (LiTaO3) crystals find extensive usage in electronics, telecommunications, and optoelectronics owing to their exceptional piezoelectric and electro-optic properties.
Lithium Tantalate Crystal market is expected to reach a valuation of US$ 790 million by the end of the forecast period, which spans from 2019 to 2027. Additionally,…
North America Climbing Gym Market Size & Share to Surpass USD 1.9 billion by 203 …
The global North America Climbing Gym Market (سوق التسلق في أمريكا الشمالية) has been sailing through robust waters, witnessing a valuation of US$ 947.7 million in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 8.5% from 2023 to 2031. By the end of 2031, the industry is expected…
Multi-functional Printer Market is expected to grow at 7.2% of CAGR through 2023 …
The global Multi-functional Printer Market (複合機市場) has been sailing through robust waters, witnessing a valuation of US$ 31.2 billion in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$…
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…
