High Adoption of Mobiles to Push Mobile Biometric Security and Services Market

San Francisco, California, October 12, 2018: Mobile biometric devices can now be easily integrated on a personal digital assistants or smartphones. As a result, the market mobile biometric security and services is thriving, freely offering a path for government agencies and private establishments to process data of the people. A recent intelligence study by TMR Research, titled as “Mobile Biometric Security and Services Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” talks about the general market scenario, its drivers, trends, and possible restraints. The report additionally delves into the competitive landscape of the global mobile biometric security and services market, elucidating on the strategies to be adopted by vendors in order to gain market traction over the forecast period of 2017 to 2025.

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In the course of coming years, digital payments are predicted to emerge as the future of financial transactions, which could like augment the demand for mobile biometric security and services. The convenience of carrying out transactions online is forecasted to turn smartphones into an access point for a number of services, fuelling the global mobile biometric security and services market in the forthcoming years.

The global mobile biometric security and service market is witnessing swift growth on account of the briskly incrementing demand for safeguarding personal identification confidential data. IoT based services further require solid solution for security in order to protect the mobile devices from web threats and is providing an impetus to the growth of the global mobile biometric security and services market.

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On account of the presence of several large and small vendors, the mobile biometrics market is presently fragmented. Research and development are expected to play a significant role in mobile biometrics market, generating rivalry among the vendors in terms of quality, services, branding, innovation, price, and distribution.

Leading vendors operating in the global biometric security and services market include Transaction Security, Authentify, Phone Factor, Anakam, and Voice Commerce Group.

Rise in Cybercrime Ups Demand for Mobile Biometric Security and Services

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.