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LONDON--(BUSINESS WIRE)--The mobile biometrics market is expected to grow by USD 15.63 billion, decelerating at a CAGR of about 19% during the forecast period. Download Free Sample Report The increasing demand for m-commerce is one of the major factors propelling market growth. However, factors such as the need to comply with stringent regulations and standards will hamper market growth. More details: https://www.technavio.com/report/mobile-biometrics-market-industry-analysis Mobile Biometrics Market: Technology Landscape Fingerprint sensors are set to witness significant growth during the forecast period owing to the increasing demand from smartphone manufacturers. Governments across the world are implementing fingerprint technology to track the information of their citizens, which is one of the prime factors driving the growth of fingerprint technology. Market growth in this segment will be slower than the growth of the market in face recognition, voice recognition, and other segments. Mobile Biometrics Market: Geographic Landscape APAC was the largest mobile biometrics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing penetration of smartphones and the growing popularity of mobile banking and mobile commerce will significantly drive mobile biometrics market growth in this region over the forecast period. 43% of the markets growth will originate from APAC during the forecast period. China and Japan are the key markets for mobile biometrics in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Companies Covered: What our reports offer: Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Market Segmentation by Technology Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Mobile Biometrics Market - Growth, Trends, and Forecast (2020 - 2024) | Technavio