San Francisco, California, June 26, 2017 : In a report titled “Mobile Biometric Security and Services Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025”, TMR Research finds that growing awareness about the benefits of biometric technology and the soaring use of smartphones across the globe are mainly responsible for the rapid expansion of this market.
The report offers a detailed assessment of the various segments and regions in the mobile biometric security and services market. The leading and fastest growing segments have been identified and the factors responsible for their growth have been elaborated upon. The market share and value of each of these segments have also been provided, backed by accurate facts and recent developments. Apart from this, the competitive landscape of the mobile biometric security and services market has been evaluated in depth, discussing the most prominent contributors and their winning strategies.
The various technologies involved in mobile biometric security and services include voice recognition, embedded fingerprint sensors, facial recognition, iris scans, and fingerprint recognition. Of these, fingerprint recognition is perhaps one of the most commonly used method of biometrics used in a wide range of applications.
The global market for mobile biometric security and services can be geographically segmented into North America, Europe, Asia Pacific, and Rest of the World. North America accounts for a major share in the overall market, with Europe also emerging as a key contributor toward the global revenue. Factors such as rising government initiatives and favorable policies to improve homeland security, to tackle cybercrime, and to enhance the security infrastructure of various connected mobile devices have been benefitting the North America and Europe markets for mobile biometric security and services. In addition to this, the easy availability of services such as mobile payments and e-passport is also supporting the mobile biometric security and services market in these regions.
The Asia Pacific market is driven by growing concerns regarding data security and privacy with the soaring use of smartphones and various other electronic devices in countries such as India and China. Apart from this, major technological advancements, innovations in biometrics, rising penetration of the Internet, and ongoing updates in computer software are also likely to propel the Asia Pacific mobile biometric security and services market in the coming years.
Anakam, Voice Commerce Group, Transaction Security, VoiceVault, Phone Factor, Authentify, AuthenTec, Animetrics, Blue Planet Apps, and M2SYS are some of the key players in the mobile biometric security and services market. This fragmented market features a large number of global as well as regional companies, making it immensely competitive. This vendor rivalry has resulted in a rather vibrant competitive landscape, with several mergers and acquisitions taking place in the mobile biometric security and services market. Companies are constantly trying to strengthen their brand name and gain a larger share in the market.