Data Security Concerns in Smart Devices to Boost Biometrics Market in Asia-Pacific, reports Frost & Sullivan

 

The increasing adoption of biometrics in smartphones, tablets, and wearable technology is propelling the mobile biometric market in Asia-Pacific. Moreover, growing security concerns among mobile banking consumers coupled with the rising number of cyber threats and fraudulent activities further drive the growth of the biometrics market.

The mobile biometric identification and authentication market in Asia-Pacific is projected to grow between 2016 and 2021, mainly driven by four key factors: security concerns, innovative industry collaboration, increasing update of biometrics in smart devices, and increasing mobile banking penetration.

“The mobile biometrics market in Asia-Pacific is experiencing strong growth, accounting for 10% of the total global market in 2016,” commented Ms. Mei Lee Quah, Industry Principal Analyst, Information & Communication Technologies Practice, at Frost & Sullivan.

“The increasing use of smartphones and wearable technologies in the region, especially in highly populous countries such as India and China, are also strong drivers of the mobile biometrics market,” she added.

Frost & Sullivan’s recent report, APAC Mobile Biometric Identification and Authentication Market, Forecast to 2021, provides detailed analysis on key market drivers and growth opportunities for market participants in Asia-Pacific mobile biometric identification and authentication market. The report also discusses key market participants and their service offerings in the mobile biometrics market.

Frost & Sullivan highlights growth opportunities in the mobile biometric market in Asia-Pacific, mainly:

  • Cloud-based Biometrics: Grants users access to infrastructure in remote locations and has flexible cost structure.
  • Mobile Identification: Collaboration among different industry participants to provide mobile identification technologies such as fingerprint authentication or facial scans.
  • Mobile Banking: Biometric authentication for mobile banking transactions. Citibank, DBS Singapore, Maybank are among the few major banks that have implemented it.
  • Mobile Wallet: Eliminates the need for Personal Identification Numbers (PINs) and passwords. Enables convenient and secure cashless payment in retail and consumer market.

To learn more about Frost & Sullivan APAC Mobile Biometric Identification and Authentication Market, Forecast to 2021, visit https://go.frost.com/AZ_PR_ICT_ZZukarnain_9ABE_38_Biometric_Jan18

Frost & Sullivan predicts mobile biometrics to gain predominance in the market and customer onboarding will soon be fully digital – with digital identification likely to become a norm form of identification.




I want to grow my online platform to create awareness about ethical consumerism, environmentalism, and the plant-based lifestyle. My main mission is to share information that empowers people to make better choices and create a VEG NEW WORLD :)


Your support is vital and is helping me share the collected information with thousands of readers and viewers. I try to deliver exclusive stories and relevant content in a challenging commercial environment. Your contribution helps me to cover the costs that my service requires. Please consider contributing (no matter how small) to keep the information flowing so you can remain informed and have life changing interviews and stories to share.

Related articles

Betty Tűndik
Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.
VEGAN WORLD

FREE
VIEW