In mobile biometrics, mobile device identifies and authenticates a user’s identity by scanning and verifying an individual’s physical attributes such as face, fingerprint, retina and ear. The complete image of the scan is stored locally on the device, or in a database, and is compared with the rescan of the physical attributes of a user trying to gain access to an application or a device. While, when consumer facing, mobile biometrics is generally used for authentication, it is also being used for identification in enterprise settings and in government agencies.

Mobile biometrics has gained traction due to the rise in popularity of e-commerce, and the rise in number of online transactions. Mobile biometrics provides high safety for transactions, and saves time. As such, biometric authentication and identification is considered as the future of mobile security. The offerings from Apple and Samsung already includes finger print technology embedded in their mobile devices, and the trend is now being followed by various mobile device manufacturers around the world.

Rise in popularity of e-Commerce, increasing online transactions, and growth in penetration of smart devices are the major drivers for the growth of mobile biometrics market. While the growth is in healthcare sector for patient identification, and for assurance of safety of his/her electronic health records. The mobile biometrics market growth is in BFSI sector also due to increased internet banking transactions. Other major factors include government programs and e-services, passports & visas, and employee access in buildings and secured parameters. Some of the major mobile biometrics market vendors’ present are Apple, M2SYS Technology, 3M Cogent, Crossmatch, Safran SA and Nuance Communications. The market is segmented by component, authentication mode, verticals, and regions.

The study covers and analyses the “Mobile Biometrics” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.