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Global Mobile Biometrics Market 2019-2023 | Rise of 3D and In-Display Fingerprint Sensors to Boost Growth | Technavio
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TMCNet:  Global Mobile Biometrics Market 2019-2023 | Rise of 3D and In-Display Fingerprint Sensors to Boost Growth | Technavio

[May 30, 2019]

Global Mobile Biometrics Market 2019-2023 | Rise of 3D and In-Display Fingerprint Sensors to Boost Growth | Technavio

The global mobile biometrics market is expected to post a CAGR of more than 22% during the period 2019-2023, according to the latest market research report by Technavio. However, the market's momentum will decelerate in the coming years because of the decrease in year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190530005041/en/

Technavio has published a new market research report on the global mobile biometrics market from 201 ...

Technavio has published a new market research report on the global mobile biometrics market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the global mobile biometrics market is the growing demand for m-commerce. The rise in the digitization of banks over the past few years has led to a significant increase in the number of mobile payment transactions. Moreover, the presence of mobile wallet enterprises such as Google (News - Alert) and e-commerce companies such as eBay, Amazon, and Alibaba have also increased significantly. Therefore, with the increasing demand for m-commerce, ensuring secure transactions has become one of the prime areas of importance for enterprises and consumers. This will lead to the growth of the global mobile biometric market during the forecast period.

As per Technavio, the rise of 3D and in-display fingerprint sensors will have a positive impact on the market and contribute to its growth significantly over the forecast period. This gobal mobile biometrics market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global mobile biometrics market: Rise of 3D and in-display fingerprint sensors

The mobile biometrics market is set to witness significant growth of 3D sensors and in-display fingerprint sensors. Smartphone manufacturers are increasingly integrating in-display fingerprint sensors with their smartphones as it offers flexibility to place the fingerprint sensor anywhere on the device. Enhanced security for identity authentication and improved convenience will be some of the key factors driving the in-display fingerprint sensors market.

"Apart from the rise of 3D and in-display fingerprint sensors, other factors such as the high demand for multimodal biometric solutions, and the emergence of behavioral biometrics will have a significant impact on the growth of the mobile biometrics market size during the forecast period," says a senior analyst at Technavio.

Global mobile biometrics market: Segmentation analysis

This market research report segments the global mobile biometrics market by application (access control, mobile payment, and authentication), technology (fingerprint recognition, face recognition, voice recognition, and others) and geographic regions (APAC, Europe, MEA, North America, and South America).

The APAC region led the market in 2018, followed by Europe, North America, South America, and MEA respectively. The market growth in APAC can be attributed to a rise in the introduction and sale of biometrics-enabled smartphones. This is further supported by the rising adoption of digital payments and increasing government initiatives to adopt biometric technology for the collection of confidential information of citizens.

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


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