The Mobile Biometrics Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Mobile Biometrics Market?
The size of the mobile biometrics market has seen significant expansion in recent times. The market, which was valued at $55.67 billion in 2024, is projected to increase to $69.28 billion in 2025. This represents a compound annual growth rate (CAGR) of 24.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Mobile Biometrics Industry?
In 2029, the mobile biometrics market is projected to reach a size of $164.75 billion, with a compound annual growth rate (CAGR) of 24.2%.
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What are the Key Growth Drivers Fueling the Mobile Biometrics Market?
The key drivers in the mobile biometrics market are:
• Rising regulatory compliance requirements
• Shift towards contactless solutions
• Adoption of mobile biometrics by financial institutions
• Expansion of mobile payments and focus on enhancing user experience
Global Market Segmentation: Identifying Major Mobile Biometrics Industry Segments
The mobile biometrics market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Authentication Mode: Single Factor Authentication, Multi Factor Authentication
3) By Technology: Fingerprint Recognition, Voice Recognition, Face Recognition, Other Technologies
4) By End Users: Public Sector, Banking, Financial Services, And Insurance, Healthcare, IT And Telecommunication, Other Industrial Verticals
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What are the Emerging Trends Shaping the Future of the Mobile Biometrics Market?
The key trends in the mobile biometrics market are:
• Advancements in facial recognition technology are becoming a prominent trend.
• The integration of biometric wearables is emerging as a prominent influence on the market.
• The market is seeing an increasing adoption of voice biometrics and multimodal biometrics.
• Continuous authentication and the incorporation of AI and machine learning in biometrics are key upcoming trends.
Who Are the Top Competitors & Leading Players in the Mobile Biometrics Market?
Major companies in the mobile biometrics market are:
• Apple Inc.
• Qualcomm Technologies Inc.
• 3M Company
• NEC Corporation
• Safran Group
• Thales Company
• IDEMIA Group
• Synaptics Incorporated
• HID Global Corporation
• Goodix Technology Inc.
• Nuance Communications Inc.
• ZKTeco Inc.
• Fingerprint Cards AB
• M2SYS Technology
• Egis Technology Inc.
• Suprema Inc.
• Crossmatch Technologies Inc.
• Aware Inc.
• Sonavation Inc.
• Veridium Ltd.
• Precise Biometrics AB
• BIO-key International Inc.
• KeyLemon SA
• Next Biometrics Group ASA
• IDEX Biometrics ASA
Regional Dominance: Which Area Leads the Global Mobile Biometrics Market?
North America was the largest region in the mobile biometrics market in 2024
