The Mobile Biometrics Market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022.
In the last few years, most of the smart phone companies have launched biometrics-enabled phones.
While the focus is currently on fingerprint recognition technology, the market is trending toward advanced biometric technologies such as face, voice, iris, and others.The mobile biometrics market has been segmented on the basis of components, authentication modes, industries, and geography.
The single-factor authentication mode is expected to lead the market during the forecast period, while multi-factor authentication in biometrics is an emerging trend in this market.
The growth of the market is primarily driven by factors such as government initiatives, increasing use of biometrics in smartphones, e-passports, and use of biometrics technology in crime identification & banking.Fingerprint recognition is the leading single-factor authentication method and is expected to lead the market during the forecast period as it is the cheapest and most widely used method across all industries.
Get PDF Brochure : https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=255843667 Key Target AudienceDigital security consultantsBiometric hardware providers, including regional equipment manufacturers, sensor manufacturers, battery manufacturers, and camera suppliersSoftware dealers & distributorsCloud service providersBiometrics associations and alliancesResearch institutions and organizationsMarket research & consulting firmsThe consumer electronics industry led the mobile biometrics market in 2015.