Since the introduction of biometrics in the 2000s, the Global Mobile Biometrics Market has come a long way and market growth is expected to continue to soar at a CAGR of over 156 percent for the 2013-2018 period.
Recently, there have been numerous projects involving mobile biometrics across all major end-user segments in the market. There are numerous pure-play vendors in this market that have been developing biometric solutions that can be integrated into mobile devices, although the functionalities of such mobile devices are very limited.
Currently, numerous companies have a significant presence in the Global Mobile Biometrics Market, primarily because of the commercialization of their products. Many pure-play companies in this market are either being acquired or being approached for acquisition by larger corporations for their technological capabilities in biometric solutions. This trend is expected to prevail throughout the forecast period as large corporations do not want to miss out on the significant growth opportunities in the Global Mobile Biometrics market.
TechNavio analysts have identified the top 5 mobile biometric technology companies expected to help fuel market growth during the forecast period:
There is intense competition among small and large vendors in the Global Mobile Biometrics market. Since the market is growing, many new players are expected to enter the market during the forecast period. Additionally, small players are facing the threat of being acquired by large vendors.
3M Cogent has partnership networks with leading companies from different domains, such as Siemens, Lockheed Martin, BlackBerry, Accenture, Sun Microsystems, and Northrop Grumman. The company is credited with developing the market’s first Bluetooth-enabled portable fingerprinting scanner. Cogent has a very strong presence in the Mobile Phone Biometrics market and its solutions generally have very high accuracy at over 99.9 percent. The company is expected to sustain its position in the market because of its partnerships and technological advancements.
AuthenTec is a major provider of biometric solutions. Apple Inc. acquired the company to provide biometric solutions for iPhones and iPads. The company is well known for offering fingerprint authentication systems. It also offers services to Alcatel-Lucent, Cisco, HP, LG, Motorola, Nokia, and Texas Instruments. The company provides these companies with encryption technology, fingerprint sensors, and identity management software. Samsung currently uses the company’s virtual private network security solution in its Android smartphones and tablets.
Fujitsu draws a majority of its revenue from the APAC region. However, since it is a system integrator, it has certain advantages such as an existing customer base of individual consumers and enterprise users of electronics products. The company is mainly known for its PalmSecure product, which is a hand geometry biometric solution, a biometric technology that is witnessing slow growth. PalmSecure has an extremely low FRR of 0.01 percent and an FAR of less than 0.00008 percent.
NEC has a very strong presence in the APAC region. This is expected to help NEC grow and gain more market share in the future as the market in the APAC region is expected to grow more than the other regions. The company has more than 1,000 customers in over 30 countries worldwide. Further, its solutions generally have very low FAR and FRR, and offer fast and real-time database searches for identification. Moreover, its solutions provide high usability, several deployment options, and scalability. Factors such as these have helped the company experience increased adoption of its biometric solutions.
For more information, view our 2014-2018 Global Mobile Biometrics Market report.