Mobile Biometrics

Mobile Biometrics Market” report presents a comprehensive overview, market shares, and growth opportunities of the Mobile Biometrics market by product type, application, key companies, and key regions. It comprehensively prepared with the main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It offers a detailed analysis of the competition and leading companies of the global Mobile Biometrics market. It concentrates on the recent developments, sales, market value, production, gross margin, and other important factors of the business of top players operating in the global Mobile Biometrics market.

Market Overview:

  • The mobile biometrics market is expected to record a CAGR over 26%, during the forecast period (2019 – 2024). Over the years, the requirement to control access to data, premises, and systems has grown. Presently, many organizations rely on passwords, PIN numbers or cards to confirm people’s identity for access. However, this traditional approach poses severe challenges. Biometrics on mobile devices have become popular in recent years. The technology moved towards user-friendliness and also became much more affordable for consumers. This technology has been leveraged to facilitate online transactions, authentication, and many other services.
  • – Major banks leverage biometrics technologies in a variety of scenarios such as cash withdrawals at the ATM, authenticating mobile banking apps using fingerprint signin or a combination of face and voice verification. For instance, Bank of America rolled out fingerprint authentication and Touch ID in 2015, and more than half of the bank’s customer had used the biometric for mobile access by the middle of 2017.
  • – Facial recognition, also poised for growth across industries, is witnessing a boost from the launch of Apple’s Face ID system. Tesco Bank is one of the banks that have updated its mobile banking app to make it compatible with Apple’s Face ID, letting customers log into their accounts and make payments by using facial recognition.
  • – Biometrics has also brought a radical change in security operations in places such as airports and international borders. Many countries across the world deployed biometric identification at their borders. Also, numerous airports are going automatic facial recognition boarding system saving time and keeping their customers happy. UK police officers are exploring the potential of automated facial recognition technology (AFR) and can adopt this technology on their smartphones in the future.

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    Scope of the Report:

    Mobile biometric refers to mobile applications of biometrics, which include embedded sensors and readers, as well as mobile apps which exploit biometrics. This includes handheld systems, as well as systems based on a tablet or smartphone. Mobile biometrics is reliable to secure personal accounts, devices, and identification details of one in the system.

    Top Manufacturers Are:

  • Aware Inc.
  • Mobbeel Solutions SLL
  • Veridium Ltd.
  • M2SYS Technologies
  • Fingerprint Cards AB
  • Nuance Communications Inc.
  • Precise Biometrics AB
  • ValidSoft Limited
  • VoiceVault Inc.
  • IDEMIA (Safran Identity & Security SAS)

    Key Market Trends:

    Mobile Banking is Expected to Hold a Significant Share

    – The utilization of banking and financial services through online portals is increasing at a high pace, which creates a demand for advanced authentication to protect the vital data of consumers associated with the banking organization. Furthermore, with the rise in online transaction and banking, the risk for fraud and potential exposure of personal information are ascending.
    – Owing to the adoption of online banking, mobile and e-banking are being increasingly used daily to transfer and perform a transaction, which creates potential avenues for cybercriminals to compromise a user’s account to extract money. With banking service providers investing in mobile app service to operate, the pressure to provide safe banking services through mobile apps persists. This is expected to influence the demand for the mobile biometrics market.
    – Facial recognition is expected to emerge owing to the release of mobile phones with facial recognition software (iPhone X). A few used cases are evident across the UK who have upgraded their mobile banking apps compatible with the new iPhone facial recognition software. Banking giants like HSBC (HSBCnet app) have extended their touch ID biometric authentication to voice recognition, Selfie ID, and even log-in with a photo.

    Asia-Pacific is Expected to Witness Rapid Growth

    – Growing mobile transactions in countries such as India and China is expected to be one of the significant drivers for the mobile biometrics market in the region.
    – China is witnessing high mobile transactional volume which is expected to create demand for authentication solutions such as biometrics. For instance, as of October 2017, the mobile payment was recorded at CNY 81 trillion as compared to CNY 58.8 trillion in 2016.
    – State Bank of India is planning to launch a multi-mode biometric authentication for its mobile applications. It will comprise of either fingerprint or face recognition or by using voice recognition software. In addition to this, the bank is also planning to use biometrics for various mobile banking products including Unified Payment Interface transactions. With other banks to follow suit, it is expected to bolster the demand of the market in the region.

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    What Mobile Biometrics Market Research Offers:

    • Mobile Biometrics market gives evaluations for the regional level analysis with Production, Sales, Consumption, Imports, and Exports
    • Mobile Biometrics market forecasts for a minimum of 5 years of all the mentioned segments
    • Supply chain trends mapping the latest industrial advancements
    • Global Mobile Biometrics industry shares drivers, constraints, opportunities, threats, challenges, investment opportunities
    • Calculated for the new entrants in the Mobile Biometrics market
    • Manufacturing process, suppliers, price, production and consumption analysis, mode of transport and cost analysis, industry chain analysis
    • Mobile Biometrics market provides manufacturers with basic information, product category, sales revenue, price, and gross margin
    • Provide Company profiling with detailed strategies, financials, and recent developments

    And many more…

    Detailed TOC of Mobile Biometrics Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Growing Popularity of Mobile Commerce
    4.3.2 Increasing BYOD Security Requirement
    4.4 Market Restraints
    4.4.1 Concerns About Data Privacy and Data Breach
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry
    4.7 Technology Snapshot

    5 MARKET SEGMENTATION
    5.1 By Application
    5.1.1 Access Control
    5.1.2 Mobile Banking
    5.1.3 Other Applications
    5.2 Geography
    5.2.1 North America
    5.2.2 Europe
    5.2.3 Asia-Pacific
    5.2.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Aware Inc.
    6.1.2 Mobbeel Solutions SLL
    6.1.3 Veridium Ltd.
    6.1.4 M2SYS Technologies
    6.1.5 Fingerprint Cards AB
    6.1.6 Nuance Communications Inc.
    6.1.7 Precise Biometrics AB
    6.1.8 ValidSoft Limited
    6.1.9 VoiceVault Inc.
    6.1.10 IDEMIA (Safran Identity & Security SAS)

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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