The global mobile biometrics market size was US$ 24.6 billion in 2021. The global mobile biometrics market size is estimated to reach US$ 152.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 22.5% during the forecast period from 2022 to 2030.
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Mobile biometric authentication is a kind of authentication that utilizes biometrics to validate and identify the individual trying to access a mobile application. With these mobile biometric devices, authentication can be done in a variety of ways, such as face recognition, fingerprint readers, voice recognition, and others. Such elements are helping in the use of mobile biometric devices.
Factors Influencing Market Growth
? The increasing demand for proper authentication methods is driving the expansion of the overall market.
? The increasing number of cyber-attacks is anticipated to boost the expansion of the overall market.
? The complicated installation and infrastructural needs may restrict the overall market growth.
? The improvements in the areas of IoT and cloud technology are anticipated to offer opportunities for overall market growth.
Study of the COVID-19 Pandemic
COVID-19 had a positive influence on the expansion of the overall market, due to a sudden increase in the number of cyber-attacks during the earlier few stages of the pandemic, which drives the overall market expansion. Due to a substantial shift towards the increase of digital retail and e-commerce media, which has resulted in the expanded arrangement of online payments and a conceivable increase in cyber-attacks in the form of identity thefts and frauds.
Regional Analysis
North America is anticipated to maintain its position during the analysis period, due to the high concentration of mobile biometric solution vendors and increasing economic and digital change, and the developing communication network infrastructure in the region, which is driving the overall market expansion in the region.
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Leading Competitors
The prominent players in the global mobile biometrics market are:
? Safran
? Precise Biometrics AB
? Nuance Communications
? NEC Corporation
? M2SYS Technology
? HID Global Corporation
? BIO-Key International
? Aware
? Apple
? Others
Segmentation Analysis
The global mobile biometrics market segmentation focuses on Components, Authentication Mode, Technology, Industry Vertical, and Region.
Segmentation on the basis of Type
? Hardware
? Software
? Service
Segmentation on the basis of Authentication Mode
? Single Factor Authentication
? Multi-Factor Authentication
Segmentation on the basis of Technology
? Fingerprint Recognition
? Voice Recognition
? Face Recognition
? Others
Segmentation on the basis of Industry Vertical
? Public Sector
? BFSI
? Healthcare
? IT And Telecommunication
? Others
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Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America
Mobile Biometrics Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Mobile Biometrics Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Mobile Biometrics Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Mobile Biometrics Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Mobile Biometrics Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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