There has been an increased demand for biometric authentication such as signature verification on smartphones and mobile devices to mitigate theft of both devices and data. The innovations in touchscreen technologies have enabled the availability of dynamic signature verification in smartphones. Smartphones embedded with signature verification help increase security for financial transactions and provide greater convenience for users.

According to the report, In the US, the demand for signature verification is expected to emerge in the healthcare vertical because of the need to comply with HIPAA regulations, which is expected to drive the demand for signature verification.