Jay Clemens
A new TechNavio report predicts the global mobile biometrics market to grow at 128.4 percent year over year from 2014 through 2019 as the study notes a rise in integration of biometrics in two-factor authentication devices.
TechNavio expects an increase in identity and data theft cases to propel market growth during the forecast period while seeing market restraints from lack of accuracy, the research firm said Jan. 20.
The report analyzes the landscape of tier-one market players such as 3M Cogent, Apple, Fujitsu and NEC.
TechNavio also tackles biometrics technologies such as fingerprint, voice and facial recognition systems being applied to access control, mobile payment and authentication functions.
The report combines revenues generated from both the enterprise and individual consumers to calculate the market size.
