Future Market Insights

Global Device-Embedded Biometric Authentication Market to Witness Significant Rise in Revenue During the Forecast Period (2016-2026)

Future Market Insights has announced the addition of the “Device-Embedded Biometric Authentication Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026"report to their offering

 

Valley Cottage, NY -- (SBWIRE) -- 12/19/2018 -- Growing trend towards secure and convenient way of authentication of devices is the key factor triggers the growth of global device-embedded biometric authentication market. Device-embedded biometric authentication is defined as the use of biometric authentication method to enhance the security and accessibility of devices, such as smartphones, tablets notebook PCs, and wearable devices. Devices enabled with biometric authentication are embedded with necessary hardware and software for authentication. Based on the application various type of biometric authentication can be deployed, such as face, iris, voice and fingerprint authentication

Global Device-Embedded Biometric Authentication Market: Market Dynamics

Increasing need for effective personal authentication in wide range applications such as ID verification, access control, electronic commerce are the factors contributes the healthy growth rate of global device-embedded biometric authentication market. Additionally, rising interest on deploying biometric authentication for verifying individual identity of users seeking access to various virtual asserts and increasing adoption mobile payment applications, accelerates the growth of device-embedded biometric authentication market globally. Also, increasing smartphone sales, growing telecommunication infrastructure and growing preference for automated identity authentication solutions across various platforms, further fuels the growth of global device-embedded biometric authentication market. However, high initial cost and technical concerns related to compatibility with existing system are the key factors likely to deter the progression of global device-embedded biometric authentication market.

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Global Device-Embedded Biometric Authentication Market: Segmentation

Global device-embedded biometric authentication market can be segmented into

Type,

Technology

Type of devices,

End users

Region

On the basis of type, the global device-embedded biometric authentication market can be segmented into hardware and software

On the basis of technology, the global device-embedded biometric authentication market can be segmented into fingerprint recognition, iris recognition, face recognition, and Voice authentication

On the basis of type of devices, global device-embedded biometric authentication market can be segmented into smartphones, laptops, tablets and wearable devices.

On the basis of end-user, global device-embedded biometric authentication market can be segmented into Banking, Financial services and Insurance (BFSI), e – commerce, healthcare government and others

Regionally, global device-embedded biometric authentication market can be segmented into Regionally, Global Device-Embedded Biometric Authentication Market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

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Global Device-Embedded Biometric Authentication Market: Regional Outlook

North America followed by Western Europe is expected to dominate the market due to continuous investment to deploy new technologies and high customer preference to enhanced security solutions. Asia pacific is identified as the fastest growing market due to increasing number of smartphone users and rapid adaptation to mobile banking applications.

Global Device-Embedded Biometric Authentication Market: Competition Landscape

The key vendors in the Global Device-Embedded Biometric Authentication Market, include HID Global, IDEX America, Inc., Gemalto NV, ImageWare Systems., FUJITSU, Fingerprint Cards AB, Techshino Technology, Apple Inc., Nuance Communications, Inc., and ArmorVox.