Mobile Biometrics Market by Technology, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Jun 2020
  • Pages: 120
  • SKU: IRTNTR44002
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The mobile biometrics market size has the potential to grow by USD 15.63 billion during 2020-2024, and the market’s growth momentum will decelerate during the forecast period because of the decline in year-over-year growth.

This mobile biometrics market research report analyzes the market’s competitive landscape and offers information on several market vendors, including Egis Technology Inc., Fingerprint Cards AB, Fujitsu Ltd., M2SYS Technology, NEC Corp., Precise Biometrics AB, Qualcomm Inc., Shenzhen Goodix Technology Co. Ltd., Synaptics Inc., and Thales Group. Also, the report provides a detailed analysis of the market by technology (fingerprint recognition, face recognition, voice recognition, and others), application (access control, mobile payment, and authentication), and geography (APAC, Europe, MEA, North America, and South America).

Statistical Analysis of Mobile Biometrics Market

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Market Competitive Analysis

The mobile biometrics market is fragmented. The key vendors in the market are focusing on launching new products to expand their regional base and increase their market shares. Egis Technology Inc., Fingerprint Cards AB, and Fujitsu Ltd. are some of the major market participants.

Factors such as the demand for m-commerce will create immense growth opportunities for market vendors. However, challenges such as the need to comply with stringent regulations and standards will impede the growth of the market participants. To boost the mobile biometrics market demand, vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

This mobile biometrics market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies which will help clients improve their market position. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this report also includes information on the upcoming mobile biometrics market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This mobile biometrics market analysis report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Egis Technology Inc.
  • Fingerprint Cards AB
  • Fujitsu Ltd.
  • M2SYS Technology
  • NEC Corp.
  • Precise Biometrics AB
  • Qualcomm Inc.
  • Shenzhen Goodix Technology Co. Ltd.
  • Synaptics Inc.
  • Thales Group

Mobile Biometrics Market: Segmentation by Geography

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APAC was the largest mobile biometrics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing penetration of smartphones and the growing popularity of mobile banking and mobile commerce are some of the significant factors that will drive mobile biometrics market growth in this region over the forecast period.

43% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for mobile biometrics in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.

Mobile Biometrics Market: Segmentation by Technology

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Fingerprint sensors are set to witness significant growth during the forecast period owing to the increasing demand from smartphone manufacturers. Governments across the world are implementing fingerprint technology to track the information of their citizens, which is one of the prime factors driving the growth of fingerprint technology.

However, market growth in this segment will be slower than the growth of the market in face recognition, voice recognition, and other segments. This report provides an accurate prediction of the contribution of all the mobile biometrics market segmentation.

Mobile Biometrics Market Dynamics

Smartphone manufacturers are increasingly replacing capacitive fingerprint sensors in smartphones with in-display fingerprint sensors. The integration of fingerprint sensors with smartphone display allows manufacturers to place sensors anywhere on the device. In-display fingerprint sensors also provide enhanced security and convenience to the users by offering continuous authentication of user identity and allowing them to place their fingers anywhere on the mobile display screen for authentication. Although the price of in-display sensors is higher than capacitive fingerprint sensors, its demand is expected to rise rapidly because of its enhanced user experience and high accuracy levels. New technological developments such as 3D sensors and in-display fingerprint sensors will be one of the critical mobile biometrics market trends that will positively influence the growth of the market.

The digitization of banks has resulted in an increasing number of mobile payment transactions. The use of mobile wallet services is also increasing for making various payments, such as mobile phone recharge and utility bills payments. The popularity of mobile wallet services is also boosted by the various discounts provided by mobile wallet enterprises and e-commerce companies. The use of mobile banking solutions is also being encouraged by governments of emerging countries to offer financial services to the unbanked population. With the increasing demand for m-commerce, the need for secure transactions has also grown. This will result in a rise in the adoption of mobile biometric solutions for enhanced security and convenience. As a result of these factors, the mobile biometrics market will register a CAGR of about 19% during the forecast period.

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Key Highlights of the Mobile Biometrics Market Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive mobile biometrics market growth during the next five years
  • Precise estimation of the mobile biometrics market size and its contribution to the parent market
  • Mobile biometrics market facts & figures and accurate predictions on upcoming trends and changes in consumer behavior
  • Estimation of potential opportunity for mobile biometrics market by technology, application, and geographic segments
  • Identification of key countries across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mobile biometrics market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Access control - Market size and forecast 2019-2024
  • Mobile payment - Market size and forecast 2019-2024
  • Authentication - Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • Fingerprint recognition - Market size and forecast 2019-2024
  • Face recognition - Market size and forecast 2019-2024
  • Voice recognition - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Technology

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Egis Technology Inc.
  • Fingerprint Cards AB
  • Fujitsu Ltd.
  • M2SYS Technology
  • NEC Corp.
  • Precise Biometrics AB
  • Qualcomm Inc.
  • Shenzhen Goodix Technology Co. Ltd.
  • Synaptics Inc.
  • Thales Group

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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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The mobile biometrics market growth will increase by $12561.21 million during 2020-2025.
The mobile biometrics market is expected to grow at a CAGR of 11.59% during 2020-2025.
Technavio has segmented the mobile biometrics market by technology (Fingerprint recognition, Face recognition, Voice recognition, and Others) ,application (Access control, Mobile payment, and Authentication) , and geographic (APAC, North America, Europe, South America, and MEA).
Egis Technology Inc., Fingerprint Cards AB, Fujitsu Ltd., M2SYS Technology, NEC Corp., Precise Biometrics AB, Shenzhen Goodix Technology Co. Ltd., Synaptics Inc., Thales Group, Verint Systems Inc. are a few of the key vendors in the mobile biometrics market.
APAC will register the highest growth rate of 31.93% among the other regions. Therefore, the mobile biometrics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the mobile biometrics market growth are:
  • Demand for m-commerce
  • Rise of 3D sensors and in-display fingerprint sensors
The mobile biometrics market vendors should focus on grabbing business opportunities from the fingerprint recognition segment as it accounted for the largest market share in the base year.
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