In addition to a new report on the global biometrics market, Dublin-based market research firm Research and Markets has released a study focusing on Japan’s mobile security market, and it sees a lot of room for growth. Their forecast has this particular market growing at a rate of 38.5 percent (CAGR) between 2014 and 2019.
One of the major market drivers identified in the report is the increasing popularity of mobile commerce. Indeed, it is Apple’s new mCommerce platform – Apple Pay – that spurred them to start installing fingerprint-scanners on all of their new mobile devices in the first place, and many other smartphone makers have followed suit. Now, mCommerce is on the rise all over the world, and is even poised to dominate the technological landscape in China over the course of this year.
Japan, of course, is a notoriously tech-savvy nation, and the researchers also point to the rise of BYOD culture in business settings as a major market driver, noting that “the growing adoption of enterprise mobility services” is pushing organizations to embrace more sophisticated forms of mobile security. This will come as welcome news to security experts who have long been concerned about the increasing threats to digital security that the rise of cloud and mobile connectivity entails.