Mobile Biometrics Market Growing at 29.3% CAGR to 2022

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Sep 01, 2016, 10:00 ET

PUNE, India, September 2, 2016 /PRNewswire/ --

Global mobile biometrics market growth is forecast to be primarily driven by healthcare industry (EHRs, HIEs) and software segment along with support from growing demand for smart devices, government initiatives, and increasing penetration of e-commerce and mobile transactions. MarkeReportsHub.com adds Mobile Biometrics Market by Component (Fingerprint Readers, Scanners, Cameras, Software), Authentication Mode (Single factor (Fingerprint, Voice, Face, Iris, Vein, & Retina Scan) and Multifactor), Industry, and Geography - Global Forecast to 2022 to its growing collection of research studies.

Complete report on mobile biometrics market spreads across 142 pages supported with 61 tables, 60 figures and profiles of 19 companies is now available at http://www.marketreportshub.com/mobile-biometrics-industry-research-marketsandmarkets.html .

The market for biometrics software, which is the major building block of mobile biometric devices, is expected to grow at the highest rate during the forecast period. Biometric device manufacturers are actively investing in software, and the introduction of cloud delivery model in the biometrics industry is further expected to drive the market at a high rate. The use of mobile apps and cloud delivery model by industries such as banking, healthcare, and travel & immigration are the key factors contributing to the growth of the overall mobile biometrics software market.

The mobile biometrics market in APAC is expected to witness prominent growth. The APAC region promises high growth in mobile biometrics as many countries are actively using biometrics for national programs such as voter registration, national ID, and others. India and China are leading in this field as they are developing countries and the most populous nations. There is significant growth in the adoption of biometrics in the consumer electronics industry, driven by the increasing use of smartphones by the people. The high factors such as demand for consumer electronics, emerging economies, large population, and so on make APAC a lucrative market.

The major mobile biometric market companies in the ecosystem profiled in this report include Apple Inc. (U.S.), Nuance Communications, Inc. (U.S.), Safran SA (France), M2SYS Technology (U.S.), 3M Cogent, Inc. (U.S.), Precise Biometric (Sweden), Crossmatch (U.S.), BIO-key (U.S.), Aware Inc. (U.S.), Applied Recognition, Inc. (Canada), EyeVerify, Inc. (U.S.) and Fulcrum Biometrics, LLC (U.S.). Order a copy of this research at http://www.marketreportshub.com/purchase?rpid=4191 .

Major objectives of creating this mobile biometrics market research are aimed in helping to define, describe, and forecast the global mobile biometrics market on the basis of components, industries, authentication modes, and geography; To forecast the market size, in terms of value, for various segments with regard to four main regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW); To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges); to analyze the opportunities in the market for stakeholders by identifying high-growth segments of the mobile biometrics market; To strategically profile the key players and comprehensively analyze their market share and core competencies, along with the detailed competitive landscape for the market leaders; To study the complete value chain and allied industry segments and perform a value chain analysis of the global mobile biometrics market; To analyze the competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) in the mobile biometrics market and to track the competitive intelligence from company profiles, key player strategies, and game-changing developments such as product launches and acquisitions.

On a related noted, another report on 5G Technology Market and Its Impact on Communication and IoT says total number of mobile (cellular) subscriptions for 5G is expected to increase from 35.0 million by 2021 to 89.0 million by 2022. Though 5G would have high penetration across all sectors, the major verticals that would adopt 5G-based applications include automotive, energy & utilities, healthcare, industrial automation, intelligent buildings & infrastructures, public safety & surveillance, retail, consumer electronics, and home automation. The key players in the 5G technology market include Cisco (U.S.), Ericsson (Sweden), SK Telecom (South Korea), Korea Telecom (South Korea), Nokia Networks (Finland), Samsung (South Korea), Qualcomm (U.S.), Intel (U.S.), NEC Corporation (Japan), Huawei (China), Verizon (U.S.), AT&T (U.S.), T-Mobile USA, Inc., LG (South Korea), and China Mobile (China). Read more at http://www.marketreportshub.com/5g-technology-industry-research-marketsandmarkets.html .

Explore more reports by MarketsandMarkets at http://www.marketreportshub.com/publisher/marketsandmarkets .

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