APAC Mobile Biometric Identification and Authentication Market, Forecast to 2021

APAC Mobile Biometric Identification and Authentication Market, Forecast to 2021

Assessment of Key Market Participants in Asia-Pacific for Investment and Partnership Opportunities to Change the Future for the Better

RELEASE DATE
23-Feb-2018
REGION
Asia Pacific
Research Code: 9ABE-00-38-00-00
SKU: TE03814-AP-MR_21561
$1,500.00
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$1,500.00
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Description

Biometric identification and authentication is well positioned to complement and potentially replace existing traditional verification processes such as those using pins and passwords, security questions, and even personal identity verification. The role of biometrics is becoming more important now that the industry is heading towards becoming mobile first. As a result, mobile biometrics is picking up and on a high growth trajectory in the Asia-Pacific region.

Drivers include increasing adoption of smartphones and higher adoption of mobile transactions in the region. Multimodal biometrics is the preferred choice due to increased emphasis on security. Biometric authentication for mobile payment services is starting to become the norm, Apple and Samsung having led the way by incorporating biometrics into their smartphones. Governments in Asia-Pacific are starting to adopt biometric capabilities for national security, especially in terms of border control and citizens’ identification. India, in particular, has led the way in terms of government efforts in digitalizing citizens’ identification.

Mobile biometrics can help stimulate revenue growth. It can generate more revenue while also improving customer experience. It can also result in cost reductions, for instance, by reducing IT cost associated with retrieving forgotten pins and passwords, lessening the rate of cyberattacks with higher security, protecting systems from hacking and data theft, and enabling quicker customer identification and recognition resulting in a smaller staff requirement to serve customers.

Organizations such as mobile network operators (MNOs), financial institutions, and other industry players risk losing out on market share if they do not keep up with market trends, particularly those that have placed increased importance on security, convenience, and mobility. Banks and MNOs in the region such as those in Singapore, Australia, Malaysia, Japan, South Korea, New Zealand, and China have started to reap the benefit of biometrics with its adoption into their customer onboarding process. In doing so, these organizations can register customers more seamlessly and at a much more efficient pace than before.

Mobile biometrics has come a long way since the early days and has become more affordable and user-friendly. Mass user adoption is thus possible through the introduction of biometric features in smartphones as well as smart devices. Market trends such as bring-your-own-device (BYOD), digital customer onboarding, and effective border control management have encouraged the adoption of mobile biometrics in every market sector.

Collaboration among industry players as well as amongst the different industry verticals will allow for product innovation. This will enable industry players to introduce mobile biometric offerings into new innovative products in order to address gaps in the marketplace. Partnerships also enable industry players to penetrate different markets at a faster pace and on a more cost-efficient basis. Investment made by government bodies and organizations as well as collaborative efforts will help industry players develop more suitable mobile biometric solutions. The companies mentioned in this study include but are not limited to HID Global, Iris Corporation, Tascent, NEC, Idemia, Fingerprint Cards AB, Nuance Communications, Synaptics, Samsung SDS, Egis Technology, Suprema, Fujitsu, Cognitec Systems, Precise Biometrics, and Gemalto N.V.

Key Issues Addressed

  • What is mobile biometric identification and authentication?
  • Who are the key players in the market and what are their main offerings?
  • What are the digital services that will be enabled with biometric identification and authentication and the revenue upside?
  • What are the risks of implementing biometric identification and implementation?
  • What are the governing local regulation and standards?
  • What are the considerations for partnerships versus investments?
  • Which companies are potential partners or investment targets?
  • How will mobile biometrics change the industry dynamics?

Table of Contents

Key Findings

Mobile Biometrics—Market Definitions

Mobile Biometrics—Why is it Important?

Mobile Biometrics—Use in Asia-Pacific

Mobile Biometrics—Development Stages

Mobile Biometrics—Use Cases

Key Questions this Study will Answer

Mobile Biometrics—Market Trends

Mobile Biometrics—Market Trends (continued)

Market Enablers

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Mobile Biometrics—Competitive Landscape

Mobile Biometrics—Service Offerings

Mobile Biometrics—Key Vendors for Identification

Mobile Biometrics—HID Global Corporation

Mobile Biometrics—HID Global Corporation (continued)

Mobile Biometrics—Iris Corporation Berhad

Mobile Biometrics—Iris Corporation Berhad (continued)

Mobile Biometrics—Tascent Inc.

Mobile Biometrics—Tascent Inc. (continued)

Mobile Biometrics—NEC Corporation

Mobile Biometrics—NEC Corporation (continued)

Mobile Biometrics—Idemia

Mobile Biometrics—Idemia (continued)

Mobile Biometrics—Key Vendors for Authentication

Mobile Biometrics—Key Vendors for Authentication (continued)

Mobile Biometrics—Fingerprints Card AB

Mobile Biometrics—Fingerprints Card AB (continued)

Mobile Biometrics—Nuance Communications Inc.

Mobile Biometrics—Nuance Communications Inc. (continued)

Mobile Biometrics—Synaptics Inc.

Mobile Biometrics—Synaptics Inc. (continued)

Mobile Biometrics—Samsung SDS

Mobile Biometrics—Samsung SDS (continued)

Mobile Biometrics—Egis Technology Inc.

Mobile Biometrics—Egis Technology Inc. (continued)

Mobile Biometrics—Suprema Inc.

Mobile Biometrics—Suprema Inc. (continued)

Mobile Biometrics—Fujitsu Ltd.

Mobile Biometrics—Fujitsu Ltd. (continued)

Mobile Biometrics—Cognitec Systems

Mobile Biometrics—Cognitec Systems (continued)

Mobile Biometrics—Precise Biometrics

Mobile Biometrics—Precise Biometrics (continued)

Mobile Biometrics—Gemalto N.V.

Mobile Biometrics—Gemalto N.V. (continued)

Mobile Biometrics—Business Models

Mobile Biometrics—Case Studies of Disruptive Business Models

Mobile Biometrics—Top 3 Mobile Biometrics Identification Participants

Mobile Biometrics—Top 3 Mobile Biometrics Authentication Participants

Mobile Biometrics—Regulatory and Standards Updates

Mobile Biometrics—Regulatory and Standards Updates (continued)

Mobile Biometrics—Business Operational Implications

Mobile Biometrics—Key Risks versus Opportunity Costs

Mobile Biometrics—Future Trends and Sustainability

Mobile Biometrics—Investment and Partnerships Considerations

Mobile Biometrics—Changes in Industry Dynamics

Mobile Biometrics—Workforce Management

Mobile Biometrics—Mobile Passports

Biometric Solution Providers for Telcos

Telcos—Adoption of Biometric Solutions

Benefits and Impact—Telco Providers

Identity Fraud—An Overview

Gaps with Mobile Identity Solutions and Associated Identity Fraud Risks

Identity Fraud Prevention

Multimodal Biometrics

Digital Customer Onboarding

Digital Identification

5 Major Growth Opportunities

Strategic Imperatives for Success and Growth

Conclusion

Recommendations

The Last Word—3 Big Predictions

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

Acronyms

Mobile Digital Services Program—Overview and Deliverables

Mobile Digital Services Program—2018 Research

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Biometric identification and authentication is well positioned to complement and potentially replace existing traditional verification processes such as those using pins and passwords, security questions, and even personal identity verification. The role of biometrics is becoming more important now that the industry is heading towards becoming mobile first. As a result, mobile biometrics is picking up and on a high growth trajectory in the Asia-Pacific region. Drivers include increasing adoption of smartphones and higher adoption of mobile transactions in the region. Multimodal biometrics is the preferred choice due to increased emphasis on security. Biometric authentication for mobile payment services is starting to become the norm, Apple and Samsung having led the way by incorporating biometrics into their smartphones. Governments in Asia-Pacific are starting to adopt biometric capabilities for national security, especially in terms of border control and citizens’ identification. India, in particular, has led the way in terms of government efforts in digitalizing citizens’ identification. Mobile biometrics can help stimulate revenue growth. It can generate more revenue while also improving customer experience. It can also result in cost reductions, for instance, by reducing IT cost associated with retrieving forgotten pins and passwords, lessening the rate of cyberattacks with higher security, protecting systems from hacking and data theft, and enabling quicker customer identification and recognition resulting in a smaller staff requirement to serve customers. Organizations such as mobile network operators (MNOs), financial institutions, and other industry players risk losing out on market share if they do not keep up with market trends, particularly those that have placed increased importance on security, convenience, and mobility. Banks and MNOs in the region such as those in Singapore, Australia, Malaysia, Japan, South Korea, New Zealand, and China have star
More Information
No Index No
Podcast No
Author Lareinna Lee
Industries Telecom
WIP Number 9ABE-00-38-00-00
Is Prebook No
GPS Codes 9206,9657,9683-A3,9702-C1,9705-C1,9838-C1,9A66-C1