Global Mobile Biometrics Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Mobile Biometrics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global mobile biometrics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global mobile biometrics market report has been segmented on the basis of component, authentication mode, industry, enterprises, and region.

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Introduction:

Biometrics is useful technology which is used for measurement and analysing human body characteristics which includes facial patterns, fingerprints, voice patterns, and eye retinas for authentication purpose. Biometric authentication is used in many diverse sectors to keep the data secure. Mobile biometrics are useful for security purpose and these devices and systems are embedded with sensors and fingerprint readers. Mobile biometric solution takes advantage of smartphones, tablets, other types of handhelds, wearable technology, and Internet of Things devices for versatile deployment capabilities. The fingerprint recognition technology is the most widely used technology in mobile biometrics technology.

Market 
Dynamics: 

Increasing usage of biometric feature in smartphone coupled with growing adoption of mobile biometric in crime identification and government regulation are the major factors expected to drive growth of the global mobile biometrics market. In addition, rising penetration of the mobile devices coupled with the increasing number of mobile transactions are some other factors expected to drive growth of the target market. Furthermore, increasing government initiatives to promote the adoption of biometrics, coupled with large scale adoption of electronic verification systems are some of the other factors expected to drive revenue growth of the global mobile biometrics market. However, concerns regarding the privacy and data breach, need to protect biometric data, and considerable cost of these devices are some major factor expected to restraint growth of the global mobile biometrics market.

Regional Analysis:

North America market is estimated to account for highest revenue share in the global mobile biometrics market over the forecast period, due to increasing focus of major industry verticals including government, BFSI, and among others on mobile biometric solution to secure their premises from unauthorized access in the countries in the region. Asia Pacific market is expected to account for the second-highest revenue share in the global mobile biometrics market, due to increasing usage of mobile technologies to provide more secured services in the countries in the region. The market in Europe is projected to register fastest growth rate in terms of revenue owing to increasing adoption of smart phones and mobile biometrics in the countries in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to register moderate growth rate over the forecast period. Revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% in the global mobile biometrics market over the forecast period.

Global Mobile Biometrics Market Segmentation:

By Component:

Fingerprint readers
Scanners
Cameras
Software

 By Authentication Mode:

Single-factor authentication
Multi-factor authentication

 By Industry:

Consumer electronics
Healthcare
Finance & banking
Travel & immigration
Government
Military & defense
Others (Judicial Appraisal, Entry Management, etc.)

 By Enterprises:

Large-scale Enterprises
Medium-scale Enterprises
Small-scale Enterprises