• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Mobile Biometrics Market To Hit $50.6 Billion in 2022: Acuity

September 14, 2017

“Acuity predicts that by the end of this year, over 1.9 billion biometric mobile devices will be in use, and that this will grow to 5.5 billion devices by 2022, when 98 percent of all smartphones will have biometric capabilities.”

The mobile biometrics market will see dramatic growth over the next several years, rising from revenues of $6.5 billion last year to $50.6 billion in 2022, according to a new market forecast from Acuity Market Intelligence. The increase reflects an annual growth rate of 41 percent.Mobile Biometrics Market To Hit  $50.6 billion in 2022: Acuity

Citing the twin pressures of digital threats and technological advancement signaled by the Equifax hack and the iPhone X’s new Face ID system, respectively, Acuity principal researcher Maxine Most asserts that “the casualties of inadequate digital security mount and drive demand for better identity solutions.” Acuity predicts that by the end of this year, over 1.9 billion biometric mobile devices will be in use, and that this will grow to 5.5 billion devices by 2022, when 98 percent of all smartphones will have biometric capabilities.

Elaborating further on the rapidly evolving landscape, Most predicts that by 2018, the emergence of “hardened mobile biometric security” and “Biometrics Identity Service Providers” will prompt a shift from on-device authentication to server-side systems.

Further details are available from Acuity’s full publication, “The Global Biometrics and Mobility Report: The Convergence of Commerce and Privacy”.

–

September 14, 2017 – by Alex Perala

Related News

  • Acuity Predicts Mainstreaming of Iris, Behavioral Biometrics for 2017Acuity Predicts Mainstreaming of Iris, Behavioral Biometrics for 2017
  • Take the FindBiometrics Year in Review 2021 SurveyTake the FindBiometrics Year in Review 2021 Survey
  • It’s Getting Hot in Here – How Do You Feel About High-Friction Experiences?It’s Getting Hot in Here – How Do You Feel About High-Friction Experiences?
  • Upward Trend Continues for Automated Border Control Kiosks: AcuityUpward Trend Continues for Automated Border Control Kiosks: Acuity
  • Will Biometrics Live In The Cloud in 2022?Will Biometrics Live In The Cloud in 2022?
  • Acuity Predicts Over a Trillion Cloud-Based Transactions Per Annum by 2022Acuity Predicts Over a Trillion Cloud-Based Transactions Per Annum by 2022

Filed Under: News Tagged With: Acuity Market Intelligence, biometrics, Mobility, research

Primary Sidebar

Join Us For Our Next Virtual Event:

Travel & Hospitality Biometrics Online Summit
Register now!

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

cmitech logo

CMITech is a leading provider of high performance, cost effective iris recognition systems. The company is setting the industry standard for advanced user interfaces that are fast, intuitive and effortless. Serving enrollment and authentication solutions of all sizes, CMITech systems include binoculars-type, wall mount, desktop, and kiosk-type product configurations.

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Police and Industry Lobbyists Push Back Against Facial Recognition Bans
  • New FAST Survey Will Measure Compensation of Security Industry Professionals
  • French Senators Put Forward New Facial Recognition Guidelines
  • Miami Airport to See US’s Largest-ever Biometric Boarding Deployment
  • Former SITA Exec Returns to Lead Americas Division

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics