There are now more than 6.4 billion mobile phones in circulation worldwide. They've evolved far beyond a simple means of two-way communications. They're now a multifaceted enabler of numerous day-to-day online activities made possible by mobile internet access. Clearly, there are both opportunities and challenges associated with this trend. As people increasingly complete more digital transactions via smartphones and other mobile devices, the need to verify their identity -- and protect it from theft -- becomes paramount. According to the latest market study by Juniper Research, the increased rollout of contactless payment services using fingerprint scanners will increase the number of biometrically authenticated transactions to nearly 5 billion by 2019 -- that's up from less than 130 million in 2015. Juniper observed that at present, only two services -- from Apple and Samsung -- used fingerprint scanners for authentication, with availability currently limited to the...
TMT Market Research Summaries and Analysis