Mobile Biometrics Market Size, Share, Trends and Forecasts, 2016 to 2022

According to Stratistics MRC, the Global Mobile Biometrics market is expected to grow from $9.53 billion in 2015 to reach $52.61 billion by 2022 with a CAGR of 27.6%. Growth in usage of mobile devices and soaring mobile transactions are the major factors fuelling the market growth. Furthermore, increasing adoption in end user industries, rising e-commerce transactions are some of the key factors driving the market growth during the forecast period. However, data breaching and privacy issues are hampering the market growth.

Fingerprint reader is commanding the single-factor authentication mode globally with the biggest market share and is expected to grow with a high CAGR during the forecast period. Growth is attributed to increasing adoption of fingerprint reader technology by various smartphone manufacturers. North America is anticipated to hold the largest share in global mobile biometrics market. Asia Pacific is likely to grow at a fastest rate during the forecast period.

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Some of the key players in global mobile biometrics market include 3M Cogent, Inc., Apple Inc, Applied Recognition, Inc.,., Bio-Key, Cognitec Systems GmbH, Eyeverify Inc., Fujitsu Ltd., Fulcrum Biometrics, LLC., Google, Honeywell International Inc., Imageware Systems, Inc., M2sys Technology, NEC Corporation, Neurotechnology, Nuance Communication, Inc., and Precise Biometrics AB.

Authentication Modes Covered:

Single-Factor Authentication

o Facial Recognition

o Iris Recognition

o Fingerprint Recognition

o Vein Recognition

o Retina Scan System

o Voice Recognition

o Other Authentications

Multi-Factor Authentication

Components Covered:

Hardware Component

o Scanners

o Cameras

o Fingerprint Readers

o Other Hardware Components

Software

End Users Covered:

Government/Law Enforcement & Forensic

Finance & Banking...