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Biometric security quickly becomes the preferred way to protect companies and individuals from hackers who are committed to fraud and theft of identity. Readers of fingerprints, iris scans, and facial recognition have become the mainstream of technology companies like Apple. This technology offers essential advantages in combating cybercrime. Biometrics method is used by government and private agencies to protect their assets from robbery and misuse by misbelievers.
Frost & Sullivan, the partner company, enables customers to accelerate growth and achieve the highest levels of growth, innovation, and leadership in class positions. The growth partnership service of the company offers disciplined research and best practice models to the CEO and the team to generate, evaluate, and implement strong growth strategies.
The Asia-Pacific mobile market for biometric identification and authentication is projected to increase between 2016 and 2021, according to the Frost & Sullivan report. And it is driven by factors such as security concerns, innovative industry cooperation, increasing biometrics updates in smart devices, and increasing mobile banking penetration. Frost & Sullivan highlights opportunities for growth in the Asia-Pacific mobile biometric market, mainly in cloud-based biometrics, mobile identification, mobile banking, and mobile wallets.
The increasing use of biometrics in smartphones, tablets and wearable technologies is driving the Asia-Pacific mobile biometric market. In addition, increasing security concerns among mobile banking consumers together with growing cyber threats and fraudulent activities drive the growth of the biometrics market.
Frost & Sullivan predicts that mobile biometrics will prevail in the marketplace, and customer onboarding will soon become fully digital. This digital identification is likely to become a standard form of authentication. Biometric technology can be used in smart cities, transport, and other ecosystems. Fingerprint sensor devices will attract more service providers to integrate the authentication of fingerprints for customers who want to access their services. The increase in mobile biometrics is expected to boost the whole biometric ecosystem and benefit both consumers and businesses.
