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Mobile Biometrics Market Worth 49.33 Billion USD by 2022PUNE, India, August 24, 2016 /PRNewswire/ -- According to the new market research report "Mobile Biometrics Market by Component (Fingerprint Readers, Scanners, Cameras, Software), Authentication Mode (Single factor (Fingerprint, Voice, Face, Iris, Vein, & Retina Scan) and Multifactor), Industry, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to grow at a CAGR of 29.3% to reach USD 49.33 Billion by 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 61 market data Tables and 60 Figures spread through 142 Pages and in-depth TOC on "Mobile Biometrics Market". http://www.marketsandmarkets.com/Market-Reports/mobile-biometric-market-255843667.html Early buyers will receive 10% customization on this report. The growing penetration of mobile devices and increasing number of mobile transactions are driving the growth of the mobile biometrics market. Over the last few years, the number of online transactions and e-commerce has gradually gone up and has created a huge opportunity for the companies to invest in the biometric industry to secure these transactions. A shift from traditional commerce to smart commerce using biometric-enabled mobile devices would save time and provide high security for transactions. Market in healthcare industry is expected to grow at a high rate during the forecast period The market in the healthcare industry is expected to grow at the highest rate between 2016 and 2022. The proliferation of electronic health records (EHRs) and the transition of data across health information exchanges (HIEs) created a huge demand for mobile biometrics as it is essential to secure and protect these digital records. Healthcare providers are using biometric patient identification systems to ensure patient safety by ensuring that patients are accurately identified prior to treatment. Fingerprint recognition is expected to dominate the single-factor authentication mode during the forecast period The fingerprint recognition technology is the most prominent biometrics technology that is being used at present. Most of the smartphone manufacturers such as Apple and Samsung use fingerprint recognition technology in their offerings. This strategy is being followed by emerging companies across the world. As fingerprint recognition is the most convenient technology in terms of investment and market acceptance, it is expected to lead the market during the forecast period. North Amrica holds the largest share of the mobile biometrics market; APAC is expected to grow at the highest rate during the forecast period The adoption of mobile biometric technologies in passports & visas, banking & finance, large-scale funded programs, and employee access monitoring in buildings is driving the growth of the mobile biometrics market in North America. Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=255843667 The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Many countries in the Asia-Pacific region have started adopting mobile biometric technologies in national IDs and e-passports. Moreover, the government in Asian countries is actively promoting and adopting biometric technologies. India has introduced biometric-based unique identification (UID) which is likely to cover 1.25 billion Indians. In 2012, China introduced the new China Resident Identity Card Law which requires Chinese citizens to have their fingerprints scanned and recorded. Large-scale township projects in Japan have also started adopting biometrics as a standard security device. The major companies in the mobile biometrics market that are profiled in this report include:
Browse Related Report Fingerprint Sensors Market by Type (Swipe, Area & Touch), Technology (Capacitive, Thermal, Optical), Application (Mobile Devices, Travel & Immigration, Government, Military & Defense, Banking & Finance) and Geography - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/fingerprint-sensors-market-169519533.html Biometric System Market by Application (Government, Military & Defense, Healthcare, Banking & Finance, Consumer Electronics, Travel & Immigration, and Security), Technology (Face Recognition, Fingerprint Recognition, Iris Recognition, Palm Recognition, Voice Recognition, Signature Recognition, Vein Recognition, and Others), Function (Contact and Non-Contact) & Geography (North America, Europe, APAC, Row) - Global Forecast to 2020 About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors SOURCE MarketsandMarkets 
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