Fingerprint mobile biometrics: Key market research findings
- Increased usage of NFC-enabled smartphones
- More demand coming from individual consumers
Technavio has added a new market research report on the global fingerprint mobile biometrics market, to its biometrics portfolio. The global fingerprint recognition and mobile biometrics market is expected to generate revenues worth US $7425 million between 2015 and 2019. Currently, North America dominates the global market, occupying around 34% of the total market share. However, APAC is expected to witness considerable growth during the forecast period owing to the shift of the organizations from smart card- based systems to mobile biometric systems.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The integration of smartphones with the NFC technology enables the storage of individuals’ credentials on the smartphone that can be presented to the reader. NFC-enabled add-on device such as a microSD card enables smartphone users in identity verification and payment at retail stores. NFC-enabled smartphones contain a secure element called SIM, which ensures the validity of all transactions inside the access control managed network. Walgreen is using NFC-based payment to enhance the usage of contactless payments,” says Navin Rajendra, Lead Analyst, IT Services, Technavio Research.
Residential security predominantly drives the individual consumer segment of the global fingerprint recognition and mobile biometrics market. It requires an individual’s authentication before the grant of access to various systems such as smart locks and lighting in residences. Moreover, fingerprint recognition in mobile biometrics helps customers to make online payments while shopping without a credit or debit card. Its increased application in online shopping space is expected to streamline point of sale (POS) processes and benefit shoppers profoundly.
The leading vendors in the global fingerprint recognition and mobile biometrics market are 3M, Apple, Bio-key, M2SYS Technology, and NEC. With the growing acceptance among end-users to use biometrics technologies, market vendors are likely to get into strategic partnerships with telecom operators.
A more detailed analysis is available in the Technavio report, Global Fingerprint Mobile Biometrics Market – Research Report 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Biometrics Market in MENA: Research Report, Trends, and Forecast 2015-2019
- Global Fingerprint Biometrics Market 2015-2019
- Emerging Biometrics Technologies: Global Industry Analysis 2015-2019
- Biometrics Market in the United States in Education Sector 2015-2019
- Global Vein Recognition Biometrics Market in BFSI Sector 2015-2019
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