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US Mobile Biometrics Market (2022-2027) by Component, Authentication Mode, Industry, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 184 Pages
  • April 2022
  • Region: United States
  • Infogence Global Research
  • ID: 5585704
UP TO OFF until Jun 30th 2023
The US Mobile Biometrics Market is estimated to be USD 12.08 Bn in 2022 and is projected to reach USD 45.23 Bn by 2027, growing at a CAGR of 30.22%.

Market dynamics are forces that impact the prices and behaviors of the US Mobile Biometrics Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The US Mobile Biometrics Market is segmented based on Component, Authentication Mode, and Industry.
  • By Component, the market is classified into Fingerprint Readers, Scanners, and Cameras.
  • By Authentication Mode, the market is classified into Single-Factor Authentication and Multi-Factor Authentication.
  • By Industry, the market is classified into Introduction, Consumer Electronics, Healthcare, Finance & Banking, Travel & Immigration, Government, Military & Defense, and Other.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are 3M Cogent, Apple, Applied Recognition, Eyeverify, Fujitsu, Fulcrum Biometrics, Honeywell International, Imageware Systems, NEC, Nuance Communication, Voicevault, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Mobile Biometrics Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US Mobile Biometrics Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Mobile Biometrics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the US Mobile Biometrics Market

What is the estimated value of the US Mobile Biometrics Market?

The US Mobile Biometrics Market was estimated to be valued at $12.08 Billion in 2022.

What is the growth rate of the US Mobile Biometrics Market?

The growth rate of the US Mobile Biometrics Market is 30.2%, with an estimated value of $45.23 Billion by 2027.

What is the forecasted size of the US Mobile Biometrics Market?

The US Mobile Biometrics Market is estimated to be worth $45.23 Billion by 2027.

Who are the key companies in the US Mobile Biometrics Market?

Key companies in the US Mobile Biometrics Market include 3M Cogent, Apple, Applied Recognition, Eyeverify, Fujitsu, Fulcrum Biometrics, Honeywell International, Imageware Systems, NEC and Nuance Communication.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Government Initiatives to Promote the Adoption of Biometrics
4.1.2 Scale Adoption of Electronic Verification Systems Fueled Growth in Mobile Biometric Industry
4.1.3 Increased Usage of Mobile Biometrics Technology in Crime Identification
4.2 Restraints
4.2.1 Protection of Biometric Data
4.2.2 Cost Involved in the Deployment of Mobile Biometrics System
4.3 Opportunities
4.3.1 Application of Mobile Biometrics in E-Commerce and Online Gaming
4.3.2 Growing Adoption of Biometric Features in Smartphone
4.4 Challenges
4.4.1 Concern Regarding Privacy and Data Breach
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 US Mobile Biometrics Market, By Component
6.1 Introduction
6.2 Fingerprint Readers
6.3 Scanners
6.4 Cameras
7 US Mobile Biometrics Market, By Authentication Mode
7.1 Introduction
7.2 Single-Factor Authentication
7.3 1 Fingerprint Recognition
7.4 2 Voice Recognition
7.5 3 Facial Recognition
7.6 4 Iris Recognition
7.7 5 Vein Recognition
7.8 6 Retina Scan System
7.9 Multi-Factor Authentication
8 US Mobile Biometrics Market, By Industry
8.1 Introduction
8.2 Introduction
8.3 Consumer Electronics
8.4 Healthcare
8.5 Finance & Banking
8.6 Travel & Immigration
8.7 Government
8.8 Military & Defense
8.9 Other
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 3M Cogent
10.2 Apple
10.3 Applied Recognition
10.4 Eyeverify
10.5 Fujitsu
10.6 Fulcrum Biometrics
10.7 Honeywell International
10.8 Imageware Systems
10.9 NEC
10.10 Nuance Communication
10.11 Voicevault
11 Appendix
11.1 Questionnaire

Companies Mentioned

  • 3M Cogent
  • Apple
  • Applied Recognition
  • Eyeverify
  • Fujitsu
  • Fulcrum Biometrics
  • Honeywell International
  • Imageware Systems
  • NEC
  • Nuance Communication
  • Voicevault