Global Fingerprint Mobile Biometrics Market - Research Report 2015-2019

  • Published: Oct 2015
  • Pages: 82
  • SKU: IRTNTR7315
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Overview of fingerprint recognition technology in mobile devices

Technavio’s market research analysts have predicted a market growth rate of over 128% for fingerprint recognition and mobile biometrics until 2019. In procedures involving enrollment and access control, a fingerprint sensor in mobile device scans an individual's fingerprint and stores the details in a chip for future reference. The scan contains the flow of friction ridges and valleys between the fingerprint ridges for detection. When the fingerprint is scanned for gaining access to accounts, it is matched against the image stored in the database.

Once the identity is verified, the individual gains access to various accounts on the corresponding smart device. In case the identity is not verified, the system flags activity that amounts to suspicion.

The various components of fingerprint recognition in mobile devices are:

Mobile devices such as smartphones, laptops, and tablets
Fingerprint scanner
Database

Global fingerprint recognition and mobile biometrics by end user segmentation

  • Individual consumers
  • Enterprise

Residential security mainly drives the individual consumer segment of the global fingerprint recognition and mobile biometrics market. Residential security requires an individual's authentication before the grant of access to various systems such as smart locks and lighting in residences. 

Another driver impacting the growth of the market is e-commerce.  Fingerprint recognition in mobile biometrics helps customers make online payments while shopping without the requirement of a credit or debit card. Its evolution to the online shopping space is expected to streamline point of sale (POS) processes and benefit shoppers immensely.

Applications of fingerprint recognition in mobile biometrics in various sectors

BFSI sector:

Mobile biometrics is being used for banking transactions to authorize individuals. For instance, RBS allows its customers to use Apple's Touch ID fingerprint sensor to log-in into their bank accounts and avoid any chances of fraud. 

Retail sector:

Since e-commerce is gaining traction, fingerprint recognition with mobile biometrics can be used to recognize a registered customer and to bill their credit card or debit account. For instance, mobile biometrics is being used for some POS applications to authenticate end-users.

Law enforcement sector:

The law enforcement sector uses mobile biometrics to identify criminals on the field, which helps in maintaining cost efficiency. For instance, FBI is using mobile biometrics integrated with fingerprint recognition to identify criminals.

Healthcare sector:

The healthcare sector uses fingerprint recognition in mobile biometrics to secure EHR records of patients.

Leading vendor analysis of fingerprint recognition and mobile biometrics

  • 3M
  • Apple
  • Bio-key
  • M2SYS Technology
  • NEC

With the growing acceptance among end-users to use biometrics technologies, market vendors are likely to get into strategic partnerships with telecom operators. Mobile OEMs such as NTT DOCOMO are introducing the usage of mobile fingerprint biometrics with vendors such as Qualcomm. This trend is predicted to catch up with other vendors as well, and it is expected to boom the market through the forecast period.

Other prominent vendors in the market include BioEnable, BioLink Solutions, Dermalog Identification, Diamond Fortress, Fingerprint cards, Fujitsu, Fulcrum Biometrics, IDEX ASA, ImageWare, Precise, Samsung, and Suprema.

Key questions answered in the research report

  • What are the key factors driving the global fingerprint mobile biometrics market?
  • What are the key market trends impacting the growth of the global fingerprint mobile biometrics market?
  • What are the various opportunities and threats faced by the vendors in the global fingerprint mobile biometrics market
  • Trending factors influencing the market shares for EMEA, APAC, and Americas?
  • Key outcome of the five forces analysis on the global fingerprint mobile biometrics market?
  • Growth forecast of the global fingerprint mobile biometrics market until 2019?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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