LONDON–(BUSINESS WIRE)–COVID-19 market impact analysis anticipates Neutral and at Par growth for the mobile biometrics market, while the 43% of the market’s growth will originate from APAC during the forecast period, according to Technavio report Global mobile biometrics market with COVID-19 analysis.
The digitization of banks has resulted in an increasing number of mobile payment transactions. The use of mobile wallet services is also increasing for making various payments, such as mobile phone recharge and utility bills payments. The popularity of mobile wallet services is also boosted by the various discounts provided by mobile wallet enterprises and e-commerce companies. The use of mobile banking solutions is also being encouraged by governments of emerging countries to offer financial services to the unbanked population. With the increasing demand for m-commerce, the need for secure transactions has also grown. This will result in a rise in the adoption of mobile biometric solutions for enhanced security and convenience. Furthermore, this industry research report also presents a competitive analysis of the market by technology (fingerprint recognition, face recognition, voice recognition, and others), application (access control, mobile payment, and authentication ), and geography (APAC, Europe, MEA, North America, and South America).
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Competitive vendor landscape
The global mobile biometrics market is highly competitive with major vendors such as Egis Technology Inc., Fingerprint Cards AB, Fujitsu Ltd., M2SYS Technology, NEC Corp., Precise Biometrics AB, Qualcomm Inc., Shenzhen Goodix Technology Co. Ltd., Synaptics Inc., and Thales Group., competing based on price, quality, and market presence.
“Apart from the increasing demand for m-commerce, the adoption of mobile biometrics to tackle fraud and use of mobile biometrics from enterprises and governments are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Top Five Mobile Biometrics Market Vendors
Egis Technology Inc.
Egis Technology Inc. operates its business under various segments such as biometric authentication IT sensor and its application, data security and its application, and non-recurring engineering service. The company offers Egis UAF which is an authentication solution for mobile payments.
Fingerprint Cards AB
Fingerprint Cards AB operates its business under unified business segment. The company offers touchless biometric platform which featured with recognition features with advanced iris and face recognition software.
Fujitsu Ltd.
Fujitsu Ltd. has business operations under various segments, namely technology solutions, ubiquitous solutions, device solutions, and other / elimination and corporate. The company offers PalmSecure which is a palm vein authentication technology.
M2SYS Technology
M2SYS Technology operates its business under four segments, which include government solutions, cloud solutions, biometric technology, and biometric hardware. The company offers Bio-SnapOn and Bio-Plugin.
NEC Corp.
NEC Corp. operates its businesses under segments: public business, enterprise business, network services business, system platform business, global business, and others. The company offers Bio-Idiom which features face recognition, iris recognition, fingerprint and palmprint recognition, and finger vein recognition.
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Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Access control – Market size and forecast 2019-2024
- Mobile payment – Market size and forecast 2019-2024
- Authentication – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Fingerprint recognition – Market size and forecast 2019-2024
- Face recognition – Market size and forecast 2019-2024
- Voice recognition – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Technology
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Egis Technology Inc.
- Fingerprint Cards AB
- Fujitsu Ltd.
- M2SYS Technology
- NEC Corp.
- Precise Biometrics AB
- Qualcomm Inc.
- Shenzhen Goodix Technology Co. Ltd.
- Synaptics Inc.
- Thales Group
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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