DUBLIN--(BUSINESS WIRE)--The "Mobile Biometrics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis and the looming economic recession, the Mobile Biometrics market worldwide will grow by a projected US$61.7 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 23.7%. Fingerprint readers, one of the segments analyzed and sized in this study, is forecast to grow at over 25.5% and reach a market size of US$48.6 Billion by the end of the analysis period.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Fingerprint readers market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 26.5% CAGR. Germany will add over US$1.9 Billion to Europe's size over the next 7 to 8 years. In addition, over US$2.9 Billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Fingerprint readers segment will reach a market size of US$2.3 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Mobile Biometrics market.
Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 24.4% over the next couple of years and add approximately US$7.4 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Mobile Biometrics market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,
- Apple, Inc.
- Applied Recognition, Inc.
- Aware, Inc.
- Cognitec Systems GmbH
- Fujitsu Ltd.
- Fulcrum Biometrics LLC
- Gemalto NV
- Honeywell International, Inc.
- ImageWare Systems, Inc.
- LG Innotek
- M2SYS Technology
- NEC Corporation
- Nuance Communications, Inc.
- PayPal, Inc.
- Precise Biometrics AB
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Mobile Biometrics Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 44
For more information about this report visit https://www.researchandmarkets.com/r/xldhe3