Global Mobile Biometrics Market to Reach $47.85 Billion by 2023 - Analysis on Apple, M2SYS Technology, 3M Cogent, NEC Corp, Fujitsu, Bio-Key Intl, Qualcomm Technologies, and many more - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Global Mobile Biometrics Market to Reach $47.85 Billion by 2023 - Analysis on Apple, M2SYS Technology, 3M Cogent, NEC Corp, Fujitsu, Bio-Key Intl, Qualcomm Technologies, and many more - ResearchAndMarkets.com.

The "Global Mobile Biometrics Market - Segmented by Application, Scanner Type, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The market was valued at USD 11.64 billion, and is expected to reach USD 47.85 billion by 2023, with a CAGR of 26.57% during the forecast period (2018-2023).

Mobile biometrics has gained traction in the recent past as it has found applications in various industry verticals. The technology has been leveraged to facilitate online transactions, online shopping, authentication, and many other services.

It has gained traction owing to technology innovations and the need to secure the online data with activities of consumers becoming scalable. For instance, the Indian governments' Aadhar initiative, which has registered more than 1.18 billion citizens by June 2018, has integrated the use of biometrics across the operations of several industry verticals, thus, broadening the scope of the mobile biometrics market.

The increased use of mobile transactions can be one of the key contributors in the mobile biometrics market as the number of mobile transactions is expected to reach USD 2.8 trillion by 2020 in the United States. The increasing adoption of the mobile biometrics has enabled the companies to record the biometrics of masses, which has increased risks for the valuable information of a considerable number of consumers.

Key Highlights

• Increasing Penetration of BYOD can Drive the Mobile Biometrics Market
• Asia-Pacific is Expected to be the Fastest Growing Region

Major Market Developments

• Bank of America introduced face and fingerprint biometrics in its new online banking mobile application.
• Bio-key International won the patent for the technology titled, Utilization of Biometric Data, which will leverage facial and fingerprint biometrics to passively authenticate the user.
• Dah Sing Bank rolled out a mobile biometric authentication system.

Companies Profiled

• Apple Inc.
• M2SYS Technology
• 3M Cogent Inc. (Gemalto NV)
• NEC Corporation
• Fujitsu Ltd.
• Honeywell International PLC
• Nuance Communications Inc.
• ImageWare Systems Inc.
• Precise Biometrics AB
• Applied Recognition Inc.
• VoiceVault Inc.
• Bio-key International Inc.
• Samsung Electronics Co. Ltd.
• Qualcomm Technologies Inc.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Mobile Biometrics Market Insights

5. Mobile Biometrics Market Dynamics

6. Global Mobile Biometrics Market Segmentation

7. Vendor Market Share

8. Competitive Intelligence - Company Profiles

9. Investment Analysis

10. Future of the Global Mobile Biometrics Market

For more information about this report visit https://www.researchandmarkets.com/research/jllbrb/global_mobile?w=4