This report by Biometrics Research Group, Inc. examines the growing drivers for mobile biometric authentication and modes of biometric standardization. The report finds that the inclusion of biometrics in mobile devices will generate approximately US$9 billion worth of revenue by 2018 for the biometrics industry, not just through unlocking mobile devices through security applications, but also through multi-factor authentication services and the approval of instant electronic payments. The report also notes that IT consumerization will ultimately act as a catalyst for total industry revenue growth for mobile biometrics. A major contributing factor to mobile biometrics growth will be increasing demand for personal devices that can conduct safe financial transactions, along with accommodating growth of the “bring your own device” trend to the enterprise. These factors will lead to biometric authentication standardization.
Biometric Update Special Reports provide analysis and competitive industry intelligence for the global biometrics industry including market size, multiple industry segments, venture capital and other business opportunities, along with in-depth profiles on the best emerging companies and solutions.