Gain insight into how mobile biometrics has taken the industry by a storm, making transactions faster and more secure, and the future of biometrics in banking
The Mobile Biometrics Market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022.
In the last few years, most of the smart phone companies have launched biometrics-enabled phones.
While the focus is currently on fingerprint recognition technology, the market is trending toward advanced biometric technologies such as face, voice, iris, and others.Mobile biometrics is a technology used for security and authentication.
Consumer electronics companies have shown extensive growth and hold a major share of the global mobile biometrics market.
The mobile biometrics market is mainly driven by the strategic contracts, partnerships, agreements, mergers, acquisitions, expansions, new product launches, and other developments carried out by the players in market.Request PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255843667Apple Inc. (U.S.), a world leader in consumer electronics, was ranked first in the mobile biometrics market in 2015.
The acquisition enabled Apple to incorporate Authentec proprietary technology in its offering.
Bloom is releasing free credit monitoring, robust data breach monitoring, and enhanced smart identity features to nearly 1 million users.With Bloom, new credit monitoring and smart identity features give users the power to protect their identity and manage their credit all in one place.
Bloom has partnered with TransUnion to provide a robust credit monitoring product.
A critical part of TransUnion’s mission is to empower consumers to better understand and manage their data and shape their financial lives.
This partnership supports that mission, and we look forward to continue working with Bloom to deliver innovative and impactful solutions to consumers.”Along with credit and data breach monitoring, Bloom’s smart identity solution helps prevent predatory third parties from accessing user data and greatly reduces the risk of identity theft.
Today’s release helps make that a reality,” said Bloom spokesperson, Shannon Wu.Bloom is building groundbreaking technology and workflows for the everyday person, providing an innovative alternative to conventional identity platforms.
By delivering a secure and inclusive alternative, Bloom has grown to become the largest decentralized identity platform in the world.Despite the hype of blockchain, many of the innovations require deep technical understanding and interfacing directly with blockchain ledgers.