Global Mobile Biometrics Market to Enjoy 29.3% CAGR through 2022, States M&M in Its Cutting-edge Report Published at MarketPublishers.com19 Sep 2016 • by Natalie Aster
LONDON – As of 2015, the global mobile biometrics market was assessed at little over than USD 4 billion. By 2022, the value of the market is anticipated to reach USD 49.33 billion, growing at an unbelievable CAGR of 29.3% from 2016 till 2022. Key market growth driving factors include rising demand for smart gadgets and devices, favourable government initiatives and strategies and also expanding penetration of e-commerce and mobile transactions from pole to pole.
Through 2022, the highest growth rates are predicted to be registered in the biometrics software segment. Growth in this segment is propelled by increasing investments, introduction of cloud delivery model, and also rising use of cloud delivery model and mobile applications in different industries (including travel & immigration, healthcare and banking, etc.).
The mobile biometrics market in the APAC region will likely enjoy prominent growth through 2022, driven by rising usage of biometrics for national programs in many countries of the region, increasing demand for biometrics from the consumer electronics industry, rapidly increasing population, amid other factors. The regional market will offer high-growth avenues for market players in the years to come.
Top companies active in the world’s mobile biometrics market include Apple, Safran SA, Nuance Communications, 3M Cogent, Aware, Precise Biometric, Applied Recognition, Crossmatch, EyeVerify, BIO-key, Fulcrum Biometrics, M2SYS Technology, etc.
New research report ”Mobile Biometrics Market by Component, Authentication Mode, Industry, and Geography - Global Forecast to 2022” created by MarketsandMarkets offers a bird’s eye view of the current situation in the world market for mobile biometrics. The report contains an all-round market assessment on the basis of components, end-use industries, authentication modes and geography. The research study looks examined the market dynamics, includes data on the market growth drivers and challenges, casts light on top market players and touches upon competitive environment. It points out possible future opportunities, includes the market value chain analysis, contains 19 detailed profiles of major market players and uncovers details on the recent joint ventures, mergers and acquisitions, new product developments and launches, strategies and research and development (R&D) activities in the mobile biometrics market. In addition, the report includes a granular future outlook for the mobile biometrics market up till 2022.
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