Mobile Biometric Market: Introduction
Advancement of security technologies lead to develop innovative security solutions to provide comprehensive security services. Biometric technology is one of the important security solution among innovative security solution. Government organization, banks and financial institutions has been installing these biometric solutions to secure their premises. In the recent era, biometric solution providers has developed mobile biometric solution to take advantage smartphones, tablets, other types of handhelds, wearable technology, and Internet of Things devices for versatile deployment capabilities. These new solution gaining traction in the market across law enforcement, healthcare and airline industry for identifying crime and the identification of persons of interest in the field.
Mobile Biometric Market: Drivers and Challenges
Increasing usage of biometric feature in smartphone, growing adoption of mobile biometric in crime identification and government regulation drive the mobile biometric market. Most of the smartphones are integrated with biometric feature due to increasing demand for more secured devices. Law enforcement and police department use these technologies to mitigate crime incidents across the globe. It has been observed that government regulation to encourage the adoption of biometric solution in enterprises that rise the demand for mobile biometric solution.
The major challenges in this market are concern about data privacy and data breach on mobile biometric devices and high cost for mobile biometric system installation. These two challenges hinders the market growth.
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Mobile Biometric Market: Segmentation
Segmentation on the basis of enterprises:
- Large-scale Enterprises
- Medium-scale Enterprises
- Small-scale Enterprises
Segmentation on the basis of industry:
- Retail
- Healthcare
- Telecom
- BFSI
- Media & Entertainment
- Military & Defense
- Others
Key Market Players in Mobile Biometric Market:
Some of the key market players in Mobile Biometric market are Apple Inc., Safran SA, Nuance Communication, Inc., Precise Biometrics AB, 3M Cogent, Inc., Fujitsu Ltd., and Honeywell International Inc.
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Mobile Biometric Market: Regional Overview
Mobile Biometric market is currently dominated by North America region and this region will have largest market share in the forecasting period due to increasing focus of major industry verticals including government, BFSI, and among others on mobile biometric solution to secure their premises from unauthorized access. Europe Mobile Biometric market is accounted second largest market share, as this region is more influenced by government regulation. Asia-Pacific excluding Japan Mobile Biometric market expected to have high growth rate, as increasing usage of mobile technologies to provide more secured services.