Biometrics refers to the verification and recognition of an individual based on one or more unique biological traits such as fingerprint, facial, iris, voice, and vein recognition. Mobile biometrics is a technology that measures and analyzes physiological patterns for the authentication or identification of a user to provide access to a mobile device. Biometric solutions are widely adopted for the safety of data in mobile devices such as smartphones, tablets, and phablets. With the use of biometrics for mobile devices, it is possible to reduce forgeries and data thefts.
Technavio’s analysts forecast the global mobile biometrics market will post a CAGR of 79.17% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global mobile biometrics market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Mobile Biometrics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • BioID • Crossmatch • HID Global • NEC • Nuance Communications
Market driver • Increase in the digitization of banking services • For a full, detailed list, view our report
Market challenge • High cost of the mobile biometric technology • For a full, detailed list, view our report
Market trend • NFC-based payments • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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