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Global Mobile Identification Market Size (2024 - 2029)

The Global Mobile Identification Market is experiencing growth driven by the increasing demand for digital transformation, particularly accelerated by the pandemic. This market expansion is largely attributed to the reliance on biometric technology, which enables smartphones and tablets to function as multi-factor authentication devices. Mobile identification technologies are being adopted across various sectors, offering enhanced security and convenience for tasks such as financial transactions, medical record protection, and law enforcement identification. While large enterprises can easily invest in these solutions, small and medium-sized enterprises face challenges due to budget constraints, limiting their access to advanced security technologies.

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Market Size of Global Mobile Identification Industry

Mobile Identification Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 8.90 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Mobile Identification Market Companies

*Disclaimer: Major Players sorted in no particular order

Mobile Identification Market Analysis

The Global Mobile Identification Market is expected to register a CAGR of 8.9% during the forecast period (2022-2027). During the pandemic, there has been a sudden push towards digital transformation, with online marketplaces adopting digital transformation programs to serve customers and maintain operations. The transition towards digital has led to the significant need for mobile identification.

  • Mobile ID largely relies on biometric technology to function. Any smartphone or tablet can be used as a multi-factor authentication device with the help of biometric software that converts cameras and microphones into biometric sensors. Mobile identity is increasingly supported by strong authentication factors, with fingerprint sensors and facial recognition becoming almost common components of modern smartphones.
  • Consumer and vertical markets both employ mobile identification technologies. It can be used to replace a user's personal passwords or to protect a patient's medical records in a hospital; it can make financial transactions more convenient and secure, or allow law enforcement agents to identify wanted persons in the field; it can open a door, or notify a doctor if a patient requires medical attention.
  • The On-Demand Economy (ODE) companies are shifting towards mobile ID scanning and verification to solve problems related to financing, licensing, compliance, and the personal safety security of both employees and customers. This instant identity verification has triggered the market vendors to offer a mobile, fast, and easy-to-use platform. They also feature smart/connected databases for quicker identity verification results.
  • For large enterprises, it is easier to purchase mobile identity verification solutions. However, for SMEs, it becomes an issue due to insufficient resources in terms of budget. The high initial costs and maintenance of identity verification make it difficult for companies bootstrapped with limited capital. Due to budget restraints, SMBs typically have limited access to bank-grade technology and security solutions, making them an easy target for cybercriminals.

Mobile Identification Industry Segmentation

Mobile Identification (Mobile-ID) is a service that enables clients to utilize their mobile phones as electronic identification devices. The study covers single-factor authentication, multi-factor authentication, components, and deployment types. Also, it tracks the usage of mobile identification across major end-users such as IT & telecom, retail, healthcare, government and defense, banking, travel, and hospitality. The study also covers demand across various regions and considers the impact of COVID-19 on the market.

By Authentication
Single-factor Authentication
Multi-Factor Authentication
By Component
Biometric
Non-biometric
Services
By Deployment
Cloud
On-premise
By Application
IT & Telecom
Retail
Healthcare
Government and Defense
Banking
Travel and Hospitality
By Geography
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
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Global Mobile Identification Market Size Summary

The Global Mobile Identification Market is experiencing significant growth, driven by the increasing adoption of digital transformation across various sectors. The shift towards digital platforms during the pandemic has heightened the demand for mobile identification solutions, which primarily utilize biometric technology for enhanced security. These solutions are becoming integral in both consumer and vertical markets, offering applications ranging from secure financial transactions to patient record protection and law enforcement identification. The On-Demand Economy is also contributing to this growth by adopting mobile ID scanning and verification to address challenges related to compliance and personal safety. However, the high initial costs and maintenance of these solutions pose challenges for small and medium-sized enterprises, which often lack access to advanced security technologies due to budget constraints.

The Asia-Pacific region is a key driver of the mobile identification market, with its rapid technological adoption and increasing internet penetration. As emerging economies in this region embrace digitalization, the demand for secure and efficient mobile identification solutions is rising to mitigate data breach risks. The region's economic growth and the surge in digital transactions, accelerated by the pandemic, further fuel this demand. The market is moderately competitive, with major players like OneLogin, Thales Group, and IBM Corporation leading the charge. Recent developments, such as SecureAuth's Arculix platform and HUMBL's acquisition of BizSecure, highlight the ongoing innovation and strategic expansions within the industry, aiming to enhance identity and access management solutions globally.

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Global Mobile Identification Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Porters Five Force Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Assessment of COVID-19 Impact on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Authentication

      1. 2.1.1 Single-factor Authentication

      2. 2.1.2 Multi-Factor Authentication

    2. 2.2 By Component

      1. 2.2.1 Biometric

      2. 2.2.2 Non-biometric

      3. 2.2.3 Services

    3. 2.3 By Deployment

      1. 2.3.1 Cloud

      2. 2.3.2 On-premise

    4. 2.4 By Application

      1. 2.4.1 IT & Telecom

      2. 2.4.2 Retail

      3. 2.4.3 Healthcare

      4. 2.4.4 Government and Defense

      5. 2.4.5 Banking

      6. 2.4.6 Travel and Hospitality

    5. 2.5 By Geography

      1. 2.5.1 North America

      2. 2.5.2 Europe

      3. 2.5.3 Asia Pacific

      4. 2.5.4 Middle East and Africa

      5. 2.5.5 Latin America

Global Mobile Identification Market Size FAQs

The Global Mobile Identification Market is projected to register a CAGR of 8.90% during the forecast period (2024-2029)

OneLogin (One Identity LLC. ), Thales Group, SecureAuth Corporation., IBM Corporation and Micro Focus are the major companies operating in the Global Mobile Identification Market.

Global Mobile Identification Report Snapshots

Global Mobile Identification Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)