June 17, 2015 -
Tractica announced it has published a new report titled “Biometrics for Mobile Devices”, which finds that fingerprint recognition using onboard fingerprint readers will be the most prevalent biometric modality by 2021.
The report, which explores the market trends and technology issues relating to biometrics for mobile devices from 2015 through 2024, forecasts more than 1 billion shipments a year of onboard fingerprint readers in mobile devices by 2021.
This figure represents 34% of all smartphone and tablet shipments worldwide in that year.
The report also finds that in some regions, the attach rates will be significantly higher. Tractica forecasts that North America will be the leading region for fingerprint reader adoption, with 51% of all mobile devices in the region including fingerprint sensors by 2021.
The report addresses a range of topics, including the current state of the mobile biometrics market and how will it develop over the next decade; key applications for various biometric modalities in mobile devices; primary business models and use cases that will drive greater mobile biometrics adoption; key drivers of market growth and the key challenges faced by the industry, in each world region; 25 key players in the mobile biometrics market and their competitive positioning; and the size of the mobile biometrics market opportunity, both for hardware and software, as well as future pricing trends for biometric components.
Additionally, the report covers mobile biometric hardware unit shipments, device pricing and revenue, software application licenses, application pricing, and application revenue.
“Currently, the use cases for mobile fingerprint readers center on basic authentication for local device access and on-device purchase transactions,” said principal analyst Bob Lockhart. “As penetration rates increase in the future, however, the market will expand to include a variety of additional identification and authentication use cases for banking and financial transactions, government identification, and healthcare applications, among others.”