PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1437808
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1437808
Mobile Biometric Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Global mobile biometrics sales revenue totaled US$ 42 billion in 2024. The market is expected to witness significant growth, reaching US$ 185 billion by 2031, with a projected CAGR of 24% from 2024 to 2031.
Fingerprint Recognition Leads the Way
Fingerprint recognition remains the cornerstone of mobile biometrics, with a projected CAGR of 23.8% from 2024 to 2031. As the most commonly used technology globally, fingerprint recognition is set to emerge as a key revenue driver for mobile biometrics companies.
Key Trends Driving Market Growth
Several trends are shaping the mobile biometrics market, including the rising demand for advanced authentication solutions globally, high usage in sectors like BFSI and healthcare, advancements in mobile biometric solutions, increasing integration in smartphones, and government initiatives to adopt biometrics in the public sector.
Combatting Cybersecurity Threats with Biometrics
The escalating number of cyberattacks is driving innovation in biometric technology, providing a more secure form of authentication for user devices and accounts.
Advantages of Mobile Biometrics
Mobile biometrics offer a range of benefits including high security, faster authentication, convenience, flexibility, improved user experience, and resistance to spoofing.
Rising Popularity of Mobile Biometrics
With the increasing prevalence of smartphones and other mobile devices, the demand for biometric authentication is on the rise. Mobile biometrics provide a convenient and secure way to access applications and services, enhancing overall user experience.
Global Adoption Trends
The global market for mobile biometrics is propelled by the growing adoption of biometric authentication in applications such as mobile banking, online retail, and healthcare. Regionally, North America leads the market, with the United States expected to exhibit significant growth.
Country-wise Insights
Demand Outlook for the United States Mobile Biometrics Market:
The United States mobile biometrics market is expected to show significant growth from 2024 to 2031, driven by a rising demand for smartphones and the integration of biometric technology for enhanced security and convenience. The market is projected to cross a substantial valuation by the end of 2031, with a positive trajectory in sales. Increasing smartphone penetration, which is forecasted to rise steadily over the projection period, will contribute to the growth of mobile biometrics demand in the country.
China: An Opportunistic Market for Mobile Biometrics Companies:
Japan Mobile Biometrics Market Shaping:
Global Mobile Biometrics Market Segmentation:
By Component:
By Authentication Mode:
By Technology:
By Industry Vertical:
By Region:
Table of Contents
1. Executive Summary
- 1.1. Global Mobile Biometric Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value, 2023
- 1.5. Analyst Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
3. Global Mobile Biometric Market Outlook, 2018 - 2031
4. North America Mobile Biometric Market Outlook, 2018 - 2031
5. Europe Mobile Biometric Market Outlook, 2018 - 2031
6. Asia Pacific Mobile Biometric Market Outlook, 2018 - 2031
7. Latin America Mobile Biometric Market Outlook, 2018 - 2031
8. Middle East & Africa Mobile Biometric Market Outlook, 2018 - 2031
9. Competitive Landscape
10. Appendix
