Mobile Biometrics Market Share, Insights by 2031

August 19, 2021

Biometrics is a highly suitable method to identify and authenticate individuals in a reliable and rapid way through unique biological characteristics
The most well-known techniques include fingerprints, face recognition, iris, palm, and DNA-based recognition
Biometrics is a pattern recognition technique that gathers a specific type of biometric data from a person, focuses on a relevant feature of that data, compares that feature to a preset group of attributes in its database and subsequently, performs an action based on the accuracy of the comparison
Mobile face recognition is used to secure hundreds of millions of smartphones around the world. Cloud-based access control is helping secure buildings across the country, ranging from high-rise apartments to commercial property and industrial facilities.
Passwords no longer provide the user experience or security needed for consumers presently. With the report of every new data breach, more login credentials are seeping into the dark web, where they can be purchased by cybercriminals for identity theft and account takeover.
The role of biometric authentication is expanding as it provides higher levels of identity assurance, improves customer experience and conversion rates, and better protects online accounts from identity theft and account takeover

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Increased public acceptance, massive accuracy gains, a rich offer, and falling prices of sensors, IP cameras, and software make it all the easier to install biometric systems
The world is more connected than ever before and every smartphone user wants to be sure about personal data security in the digital age. Passwords are currently much easier to hack and harder to remember, as they increase in complexity. Usage of biometrics to replace passwords has increased significantly as the technology has proven to be much more convenient and less time-consuming than passwords. Mobile phones and biometrics are a winning combination in the mass market, enabling the technology to become much more widely accepted.
The mobile biometrics market is driven by with the active use of smartphones with pre-installed sensors
Likewise, the use of biometric characteristics for authentication are likely to be used not only for unlocking mobile devices but also for organizing multi-factor authentication and instant confirmation of electronic payments

Biometric applications in the security and government sectors of North America are driving the market in the region. Canada is an expanding market in the region.
The market in Asia Pacific is estimated to expand significantly. Government initiatives, such as smart cities, Digital Cards, Government registrations such as AADHAR in India and China’s (China Resident Identity Card), are also boosting the share held by Asia Pacific in the global market.
The mobile biometric market in Europe is also estimated to expand at a considerable pace in the near future
The future of digital payment is parallel to biometric technologies. Major banking facilities are in favor of biometrics, which is secure, simple to use, and enhances customer experience.
Frequent cyber-attacks and data breaches are also boosting the adoption of biometric authentication