Market Snapshot:
The increasing demand from the corporate sector will help to boost the demand for the Mobile Identification Solution market in the forecasted period. Mobile Identification System is one of the leading systems which initiates an easy and trusted digital journey for users. This solution provides the missing link between security and convenience in enterprises and enhances the customer experiences and security for their online identities and privacy. Also, this solution provides law enforcement, government, and civil agencies with mobile biometric identification solutions that leverage Cogent's high-performing fingerprint and face matching capabilities. Machine Learning (ML) and Artificial Intelligence (AI) can create opportunities in the Mobile Identification Solution market.
Highlights from Mobile Identification Solution Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
CAGR | 16.03% |
The key Players profiled in the report are NEC (Japan), Samsung SDS (South Korea), Thales Group (France), GBG (United Kingdom), Telus (Canada), IDEMIA (France), Tessi (France), ForgeRock (United States), Jumio (United States) and Refinitiv (United Kingdom). Additionally, other players that are part of this comprehensive study are Imageware Systems (United States), Verisec (Sweden), vintegrisTECH (Spain), Signicat (Norway), Intesa (Italy) and RaulWalter (Estonia).
Geographic Breakdown and Segment Analysis
The Global Mobile Identification Solution market presents a comprehensive analysis of the Mobile Identification Solution market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Mobile Identification Solution industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Mobile Identification Solution market, the Europe has emerged as a crucial market for several Mobile Identification Solution brands.
Analyst at AMA have segmented the market study of Global Mobile Identification Solution market by Type, Application and Region.
Influencing Trend:
The increasing popularity between private as well as public sectors and The high adoption from the government sector
Market Growth Drivers:
The increasing demand for the online and mobile sales channels, The rising demand for authentication as well as fraud prevention and The growing requirement of intelligent identity verification service
Challenges:
The increasing security concerns
Restraints:
Lack of Skilled Security Professionals
Opportunities:
The increasing popularity of integration of Biometrics in smartphones and The growing identities and authentication frauds worldwide
Market Developments Activities:
On 21st July 2020, NEC Corporation and SITA have announced a global partnership to develop market-leading solutions that enable a secure walk-through travel experience at airports, leveraging NEC’s I: Delight identity management platform together with SITA Smart Path and new windows Flex.
On 9th January 2020, At the 2020 International CES®, Samsung SDS, a global leader in digital transformation and innovation solutions, and Syniverse, the world’s most connected company, announced today they have signed a memorandum of understanding to develop a wallet-agnostic, mobile payment platform to enable regulatory-compliant, cross-region mobile transactions for mobile operators and enterprises in logistics, financial, travel and hospitality, media and entertainment, and retail markets.
Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others