Mobile Biometric Security Products And Services To Generate Over $8.3 Billion Revenue By 2018

Goode Intelligence, the leading research, analysis and consultancy organisation for the mobile security industry, today issued a new market forecast report revealing that the market for mobile biometric security products and services is set to grow significantly over the next six years.

Goode Intelligence reports that as a result of the combination of Apple’s positive move with Touch ID and the creation of a strong ecosystem to support biometrics on consumer mobile devices, by 2018, 3.4 billion users will be using biometrics on their mobile devices, generating almost US$8.3 billion worth of revenue for the biometrics industry.

The report details that fingerprint sensors will become standard in most high-end smart mobile devices by 2015 and become common in all mobile devices shipped during 2018.

The report, Mobile Biometric Security – Market Forecast Report 2013 – 2018, shows that the key drivers behind this market growth and the adoption of mobile biometric security include:

SOURCE: darkreading.com

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