The global fingerprint recognition and mobile biometrics market is estimated to grow at a compound annual growth rate of 215.49 percent between 2014 and 2019, according to a recent report by Research and Markets.
The report covers the present scenario and the growth prospects of the global fingerprint and mobile biometrics market for 2015 to 2019. To calculate the market size, the report considers revenue generated from the sales of biometric solutions including sensors, scanners, software, and integrated solutions offered by vendors for mobile devices such as smartphones and tablets.
According to the market research firm, with the implementation of BYOD policy in enterprises and an increase in the adoption of mobile devices among individual consumers, maintaining security of enterprise and personal data has become very important. Thus, fingerprint biometric technology is being integrated in mobile devices, which will ensure authorized access to personal and enterprise data. Integration of fingerprint biometric technology in mobile devices can be used for law enforcement for identification and verification of criminals, which helps in maintaining homeland security.
Further, government organizations are implementing the usage of mobile fingerprint biometrics to authenticate individuals for various government services such as ration distribution and electoral voting, Research and Markets said. In the education sector, mobile fingerprint biometrics can be used to maintain time and attendance of employees. Further, implementation of mobile fingerprint biometrics is also observed in cashless vending services to identify students.