Dallas, Texas (PRWEB) March 15, 2014
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.
Analysts forecast the Global Mobile Biometrics market will grow at a CAGR of 156.9 percent over the period 2013-2018. 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.
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The report recognizes the following companies as the key players in Global Mobile Biometrics Market: 3M Cogent Inc., AuthenTec Inc., Fujitsu Ltd., NEC Corp., BioEnable Technologies Pvt. Ltd.
The other vendor mentioned in the report is BioEnable Technologies Pvt. Ltd.
Key questions answered in this report:
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
06. Market Description
06.1 Working of Mobile Biometrics
06.2 Types of Mobile Biometrics
Palm Vein Authentication
06.3 Applications of Mobile Biometrics
07. Market Landscape
07.1 Market Overview
07.1.1 Mobile Devices with Biometrics Solutions
07.1.2 Comparison of Biometrics Technologies
07.2 Market Size and Forecast
07.3 Global Mobile Biometrics Market by Devices
07.4 Global Mobile Biometrics Market By Technology Segmentation
07.5 End-users Forecast
07.6 Five Forces Analysis
08. Geographical Segmentation
08.1 Global Mobile Biometrics Market by Geographical Segmentation 2013-2018
08.2 Mobile Biometrics Market in North America
08.2.1 Market Size and Forecast
08.3 Mobile Biometrics Market in the APAC Region
08.3.1 Market Size and Forecast
08.4 Mobile Biometrics Market in Europe
08.4.1 Market Size and Forecast
08.5 Mobile Biometrics Market in the MEA Region
08.5.1 Market Size and Forecast
08.6 Mobile Biometrics in Latin America
08.6.1 Market Size and Forecast
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
16.1 Competitive Scenario
16.2 Competitive Analysis 2013
16.3 Prominent Vendors
17. Key Vendor Analysis
17.1 3M Cogent Inc.
17.1.1 Business Overview
17.1.2 Business Segmentation
17.1.3 SWOT Analysis
17.2 AuthenTec Inc.
17.3 Fujitsu Ltd.
17.4 NEC Corp.
17.4.1 Business Overview
17.4.2 Business Segmentation
17.4.3 SWOT Analysis
18. Key Takeaways
19. Other Reports in this Series
List of Exhibits
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