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Mobile Biometrics Market Worth USD 49.33 Billion by 2022 - Driven By Growing Demand For Smart Devices - Research and Markets

[August 29, 2016]

Mobile Biometrics Market Worth USD 49.33 Billion by 2022 - Driven By Growing Demand For Smart Devices - Research and Markets

Research and Markets has announced the addition of the "Mobile Biometrics Market - Global Forecast to 2022" report to their offering.

The mobile biometrics market is expected to grow from USD 4.03 billion in 2015 to USD 49.33 billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The market is driven by factors such as the growing demand for smart devices, government initiatives, and increasing penetration of e-commerce and mobile transactions.

The use of mobile apps and cloud delivery model by industries such as banking, healthcare, and travel & immigration are the key factors contributing to the growth of the overall mobile biometrics software market.

The mobile biometrics market in APAC is expected to witness prominent growth. The APAC region promises high growth in mobile biometrics as many countries are actively using biometrics for national programs such as voter registration, national ID, and others. India and China are leading in this field as they are developing countries and the most populous nations.

There is significant growth in the adoption of biometrics in the consumer electronics industry, driven by the increasing use of smartphones by the people. The high factors uch as demand for consumer electronics, emerging economies, large population, and so on make APAC a lucrative market.

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