Mobile Biometrics Market Analysis and Forecast To 2031: By Component (Hardware, Software, Service), Technology (Face, Fingerprint, Hand Geometry, Iris, Voice), Authentication Type (Single Factor Authentication, Multi Factor Authentication), End-user (BFSI

Mobile Biometrics Market Analysis and Forecast To 2031: By Component (Hardware, Software, Service), Technology (Face, Fingerprint, Hand Geometry, Iris, Voice), Authentication Type (Single Factor Authentication, Multi Factor Authentication), End-user (BFSI, Government & Defense, Aerospace, Automotive, Consumer Electronics, Healthcare, Retail & e-commerce) and, And Region

The global mobile biometrics market was valued at USD 20.6 billion in 2021 and it is anticipated to grow up to USD 63.0 billion by 2031, at a CAGR of 11.8% during the forecast period.

Mobile biometrics is the use of biometrics on mobile devices such as smartphones and tablets. Mobile biometrics can be used for a variety of purposes, including authentication, identification, and security. Mobile biometrics can also be used to identify users for the purposes of security and fraud prevention. Authentication is the process of verifying that a user is who they claim to be. Identification is the process of determining who a user is based on their biometrics. Security is the process of protecting data and devices from unauthorized access. There are a variety of mobile biometrics technologies available, including fingerprint recognition, iris recognition, and facial recognition. Each of these technologies has its own strengths and weaknesses. Fingerprint recognition is the most common form of mobile biometrics. It is accurate and reliable, but it can be fooled by fake fingerprints. Iris recognition is more accurate than fingerprint recognition, but it is more expensive and requires special hardware. Facial recognition is the most accurate form of mobile biometrics, but it is the most expensive and requires special hardware.

Market Trends and Drivers

Growing number of Mobile subscribers is driving the demand of Mobile Biometrics systems. The growing mobile subscribers base has brought significant growth in the Mobile Biometrics Market. According to Global System for Mobile Communications Association (GSMA) Mobile economy report 2021, there were approximately 5.2 billion unique mobile subscribers in 2020 which was forecasted to reach 5.7 billion by the end of 2025 among which smartphones accounted for 60% of the connections and it is expected that the number would reach approximately six billion in 2026, with an 80% share of smartphones. This increasing number of mobile subscribers across the globe tend to boost the demand of mobile biometrics for security applications, further driving its market growth during the forecast period. In last few years, global electronics market has witnessed a huge market growth across the globe due to the mass production of mobile devices of flexible price ranges. Mobile devices with price range around $95 has in-built fingerprint biometric systems. These makes these devices affordable to majority of the consumers across the globe. With this huge availability of mobile subscribers across the globe, the threat of theft and data leakage is always at peak. This uplift the demand of Mobile biometrics system installed in their smartphones which is anticipated to create huge market scope for the Mobile Biometrics market in global level.

Market Restraints and Challenges

The protection of the biometric data and the expenses involved in the placement of mobile biometrics systems might further challenge the growth of the mobile biometrics market in the near future. One of the most important factors restraining the market growth of Mobile Biometrics is the false positives and inaccuracy. Biometric authentication methods rely on partial information to authenticate a user’s identity. For instance, a mobile biometric device will scan an entire fingerprint during the enrolment phase and convert it into data. However, future biometric authentication of the fingerprint will only use parts of the prints to verify identity so it’s faster and quicker. For instance, in 2019, a group of hackers who worked as part of the X-Lab security research team at a Chinese company called Tencent, demonstrated their fingerprint hacking methodology at the GeekPwn 2019 conference in Shanghai. They stated, any fingerprint scanner can be beaten using equipment costing $140 and an app that analyses a photograph of your print. This hacking capabilities tend to bring major challenges in the market growth of Mobile Biometrics during the forecast period.

Global Mobile Biometrics Market Segmental Overview

The report analyses the global needle-free injection system market based on Component, Technology, Authentication Mode, End-use and region.

Global Mobile Biometrics Market by Component

Based on component, it is segmented into hardware, software, and service. Among these, in 2021, the hardware segment accounted for the larger share of the needle-free injection system market. Hardware components are analysed to hold highest share 52.18% in 2020 owing to the increasing adoption of these technologies in various smartphones. In last few years, global electronics market has witnessed a huge market growth across the globe due to the mass production of mobile devices of flexible price ranges. Mobile devices with price range around $95 has in-built fingerprint biometric systems. This availability of low-cost mobile devices with fingerprint biometrics makes it affordable to majority of the consumers across the globe. This high production of affordable mobile devices with fingerprint recognition systems tend to drive the market growth of Hardware segment during the forecast period

Global Mobile Biometrics Market by Technology

Based on technology, it is segmented into face, fingerprint, hand geometry, iris, voice and others. Among them, in 2021, the fingerprint segment is expected to command the largest share of the global needle-free injection system devices market by technology. With the advent of computerized databases and digitization, contactless biometrics verification has a high industrial adoption rate worldwide. Rising demand for secure, hygienic, and convenient authentication systems in condominiums and clubs across the globe is anticipated to drive market growth. For instance, in April 2020, several clubs and condominiums such as Residencial Alphaville Zero, Tamboré 1, and Residencial Alphaville 1, among others in the São Paulo region installed IDEMIA’s MorphoWave Compact, a contactless biometric access control. The access control performs a 3D scan and verification of fingers and offers a hygienic and secure identification experience to the users.

Global Mobile Biometrics Market by Authentication Mode

Based on authentication mode, it is segmented into single factor authentication and multi factor authentication. Among them, in 2021, single factor authentication is estimated to account for the largest share of the needle-free injection system market. Single-factor authentication is a common low-security method of authentication. It only requires matching one factor—such as a password—to a username to gain access to a system

Global Mobile Biometrics Market by End-user

Based on end-use, it is segmented into BFSI, government & defense, aerospace, automotive, consumer electronics, healthcare, retail & e-commerce and others. The healthcare segment accounted for the largest market share in 2021. The healthcare sector is expected to register considerable growth over the forecast period. The rapid technological advancements and AI-powered face and iris identification systems allow hospital facilities to track patients without using physical tracking devices. Furthermore, the emergence of real-time emotion detection, which is an application of face recognition in healthcare is also gaining popularity. It is used to detect emotions that patients exhibit during their stay in the facility. The data is used to determine how patients are feeling and also helps to identify where the patients need more attention in the case, theyre in pain. will propel the market growth.

Geographical Analysis of Global Mobile Biometrics Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for significant revenue size in 2021. This dominance can be attributed to the presence of technology providers such as nVIAsoft Corporation, HID Global, M2SYS Technology, and BioConnect, in the region. Increasing demand for contactless biometrics solutions by payment solution providers to offer secure transactions to their customers in the region is further expected to drive regional growth. For instance, in October 2019, SnapPay, Inc., a provider of payment solutions, announced the availability of facial recognition-based payment technology for merchants in North America. The rising adoption of contactless biometrics solutions in defense and government applications is also expected to drive the demand for the market in North America. Furthermore, increasing government initiatives to implement contactless biometrics solutions to deal with an increasing number of travelers and to increase security at airport facilities are expected to drive the regional demand. For instance, in 2018, the Canadian Border Services Agency installed kiosks, which utilize facial recognition technology at airports. The new technology utilized both facial recognition and fingerprint biometrics to facilitate clearance procedures for travelers at airports in Canada.

Major Players in the Global Mobile Biometrics Market

COVID-19 Impact

The recent COVID-19 epidemic that prompted a shift towards social distancing is influencing organizations to move from contact-based biometrics technology to contactless biometrics solutions. The pandemic also brought contactless biometrics to broader use for early detection, public safety monitoring, and patient screening. With the rise of this pandemic across the globe, several institutions, governments, and organizations are now focusing on hygiene and a secure way of sustaining personal identities, offering access controls with no physical contact to the users. Governments across the globe have worked up their measures to implement contactless biometrics technology to quickly react to the crisis.

Recent Developments

• In May 2022, Apple has reportedly won a patent for new under display technology that can capture biometric data with higher speed and accuracy by using optical fibres.
• In March 2022, Precise Biometrics has entered a new partnership with Compare-IT, which focuses on the combination of biometric access technologies and smart energy solutions.
• In January 2021, Fabrick launched mobile biometric open finance solution with Mastercard APIs.
• In October 2020, Aware, Inc., a leading global provider of biometrics software products, solutions and services launched their new mobile biometric software named Knomi in the authentication of offenders in Arkansas. It offers mobile biometric authentication solution featuring face and voice liveness detection.
• In March 2019, AppGuard launched TRUSTICA Mobile, which is a consumer mobile device communication app with military-grade security. This device includes iris, facial, and fingerprint biometrics for user authentication and encryption keys that change for each interaction. This tend to uplift the market growth of Mobile Biometric systems in Military & Defence applications.

Frequently Asked QuestionsQ1. How big is the mobile biometrics market?Ans. The global mobile biometrics market size was USD 20.6 billion in 2021 and is anticipated to reach USD 63.0 billion in 2031, growing at a rate of 11.8% from 2022 to 2031.Q2. What is the mobile biometrics market growth rate?Ans. The growth rate of the mobile biometrics market is 11.8%.Q3. Which region holds a major market share for the mobile biometrics market?Ans. North America holds a major market share of the mobile biometrics market in 2021.Q4. Which segment accounted for the largest mobile biometrics market share?Ans. By end user, the healthcare segment accounted for the largest mobile biometrics market share.Q5. Who are the key players in the mobile biometrics market market?Q6. What are the factors driving the mobile biometrics market growth?Ans. The major factors driving the growth of the mobile biometrics market are the rising demand for needle free vaccine due to COVID-19 pandemic across the globe.Q7. What are the key growth strategies of mobile biometrics market players?Ans. The key growth strategies of mobile biometrics market players are product launch and product approval.Q8. Which region will provide more business opportunities for the mobile biometrics market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the mobile biometrics market during the forecast period.

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