DENVER, Jan. 5, 2017 /PRNewswire/ -- According to Acuity Market Intelligence's 2017 edition of the "Biometric Smartphone Update", 87 smartphone vendors introduced 346 biometric smartphones in the past year. This brings the total number introduced since 2013 to 549, more than double the 200 models Acuity reported a year ago.
"The proliferation of biometric smartphones is extraordinary. The 500 models currently available represent a ten-fold increase in two years," says Maxine Most, Acuity Market Intelligence Principal. "Biometric smartphone growth will continue as mobile application security, particularly for financial services, requires biometric authentication, low-cost sensors drive down the cost of biometric integration, and consumers demand an end to password and pin based security."
Acuity analysis indicates nearly one billion biometric smartphones are currently in use representing 40% of the global smartphone market. Acuity expects this to grow to 100% of the two billion smartphones shipped annually within two years reaching 100% installed base penetration by 2022.
During 2014, 28 biometric smartphone vendors, most with single offerings, defined the market. Today, of the 87 vendors offering biometric smartphones, more than 30 offer at least six models and market leaders ZTE, Huawei, Lenovo, Samsung and Xiaomi have each introduced at least 20 models.
According to Most, a leading biometric market expert, "This unprecedented growth supports Acuity's assertion that within two years, biometrics will be as ubiquitous on smartphones as high resolution cameras are today."
"Acuity is confident the market will achieve the 100% biometric smartphone penetration originally forecast for the end of 2018 in Acuity's "Global Biometrics and Mobility Report," Most said. "This will not only fundamentally change the dynamics of the smartphone market but create a truly global platform for biometric authentication."
Acuity Market intelligence offers in-depth Mobile Biometrics research including:
- "Biometric Smartphone Update" providing detailed biometric smartphones information including brand model, biometric mode, sensor, OS, price, availability, and links to specifications and reviews. Preview at www.acuity-mi.com/BSP.php.
- "The Global Biometrics and Mobility Report" providing unit and revenue forecasts for smartphones, tablets, and wearables, biometric apps, and biometric payment and other transactions. Preview at www.acuity-mi.com/GBMR_Report.php.
About Acuity Market Intelligence Acuity Market Intelligence (www.acuity-mi.com) is an emerging technology strategy and research consultancy with a proven record of accurately anticipating biometric and electronic identity (eID) market trends.
Contact: Acuity Market Intelligence +1 303 449 1897
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SOURCE Acuity Market Intelligence