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(Wireless-NewsWire.Com, March 13, 2018 ) Market Highlights:
Mobile Biometric Security and Service market is increasing at a very fast pace due to the increasing need of authentication and security from unwanted cyber threats. The increasing use of mobile device for various services such as mobile banking, internet services, e-commerce and entertainment is also increasing the chances of data loss and security breach risks.
The unique identification features with excellent accuracy and multi-functionality platform has spurred the Mobile Biometric Security and Service market worldwide. The Mobile Biometric Security and Service help the user for secure business and personal operations on mobile device.
The Mobile Biometric Security and Service are of various types such as fingerprint identification, iris identification, voice recognition, and face recognition among others.
Global Mobile Biometric Security and Service Market is expect to grow at US $~46 billion by the end of forecasted period with CAGR of ~35% between 2016 and 2022.
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Mobile Biometric Security and Service Market:
The key factor in the growth of Mobile Biometric Security and Service is the widespread adoption of Biometric solution to prevent the mobile devices such as smartphone and tablets. Many Smartphone and tablet manufacturing companies such as Google, Xiomi, Panasonic, and Lenovo are offering their products with biometric security. Recently Xiaomi launched, Redmi note 3 smartphone with fingerprint reader and was named as Touch ID.
The Mobile Biometric Security and Service Market is having significant growth in many areas such as Smartphone, tablet and other electronic gadget that requires protection against security threats.
Key Players of Mobile Biometric Security and Service Market:
Apple Inc. (U.S.), 3M Cogent, Inc. (U.S.), and Precise Biometrics (Sweden), and M2SYS Technology (U.S.), Nuance Communications, Inc. (U.S.), Safran SA (France), NEC Corporation (Japan), Crossmatch (U.S.) BIO-key (U.S.), Aware Inc. (U.S.), Applied Recognition, Inc. (Canada), and EyeVerify, Inc. (U.S.), among others.
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Market Research Analysis:
Market Research Future Analysis shows that Mobile Biometric Security and Service Market is growing rapidly and during the forecast period, it is expected to grow at CAGR of ~35%. Upcoming trends in the electronic and manufacturing industry with respect to autorotation and deployment of technology is expected to lead the market at new heights.
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