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Global Mobile Biometrics Market 2014-2018

April 25, 2014

DUBLIN, Apr. 25, 2014 /PRNewswire/ — Research and Markets (http://www.researchandmarkets.com/research/gc8xld/global_mobile) has announced the addition of the “Global Mobile Biometrics Market 2014-2018″ report to their offering.

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The increase in mergers and acquisitions is one of the most prominent trends witnessed in the market. The Global Mobile Biometrics market is currently witnessing increasing consolidation, which is expected to continue in the future. Both existing vendors and new entrants are taking the acquisitive route to either enter the market or broaden their portfolio of offerings. For instance, Apple acquired AuthenTec for US$356 million in 2012. The acquisition helped Apple attain all its patents for biometric security in mobile devices. 3M completed the acquisition of Cogent Inc. in December 2010 for US$943 million. Cogent develops biometric recognition systems that allow government and businesses to identify individuals by their fingers, palms, faces, and irises.



According to the report, the growth of the Global Mobile Biometrics market is driven by several drivers. One such driver is the increasing use of personal devices for financial transactions. Financial institutions, these days, are encouraging the use of mobile banking and online financial transactions, thereby increasing the need for high-level security. Since the use of biometrics in mobile devices helps provide high-level security, there has been an increase in the adoption of biometrics in mobile devices.



Further, the report states that one of the key challenges in the market is the availability of inexpensive non-biometric technologies. Besides mobile biometrics, there is a high availability of solutions such as token-based two-factor authentication, password authentication, and software authentication in the market. As these solutions are relatively inexpensive and easy to operate, they are finding greater acceptance among individual consumers.



The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.



Key Topics Covered:




01. Executive Summary



02. List of Abbreviations



03. Scope of the Report



04. Market Research Methodology



05. Introduction



06. Market Description



07. Market Landscape



08. Geographical Segmentation



09. Buying Criteria



10. Market Growth Drivers



11. Drivers and their Impact



12. Market Challenges



13. Impact of Drivers and Challenges



14. Market Trends



15. Trends and their Impact



16. Vendor Landscape



17. Key Vendor Analysis



18. Key Takeaways



19. Other Reports in this Series



Companies Mentioned:

    --  3M Cogent Inc.
    --  AuthenTec Inc.
    --  BioEnable Technologies Pvt. Ltd.
    --  Fujitsu Ltd.
    --  NEC Corp.

For more information visit http://www.researchandmarkets.com/research/gc8xld/global_mobile

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets


Source: PR Newswire



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