biometrics market

New Report Forecasts Booming Identity Verification Market

New Report Forecasts Booming Identity Verification Market

MarketsandMarkets has released a new report that predicts that the market for identity verification tech will more than double from $6 billion in 2019 to $12.8 billion by 2024, with a CAGR of 16 percent. The rising demand for reliable identity verification solutions and services is expected to drive much of that growth as companies…

Grand View Forecasts $12.46 Billion AFIS Market by 2025

Grand View Forecasts $12.46 Billion AFIS Market by 2025

Last month, Grand View Research predicted that the global biometrics market would hit $59.3 billion by 2025. Now the analytics firm is taking a more granular look at that figure, with a new report that suggests that a major part of the fingerprint market alone will be worth $12.46 billion in the same time frame.…

Grand View Research Predicts $59.31 Billion Biometrics Market by 2025

Grand View Research Predicts $59.31 Billion Biometrics Market by 2025

The demand for biometric technology will continue to grow, according to a new report from Grand View Research. The company’s latest analysis predicts that the biometric technology market will hit $59.31 billion by 2025, with a CAGR of 19.5 percent during the 2018-2025 forecast period. The overall pattern is in keeping with similar reports from…

Aluf Will Focus on Biometrics and Blockchain with New Board, M&A Strategy

Aluf Will Focus on Biometrics and Blockchain with New Board, M&A Strategy

Aluf Holdings is turning its attention to biometrics and blockchain, and has appointed a new Board of Directors to oversee the transition. “Biometrics is disruptive, transformative, and revolutionary,” said incoming Aluf Vice Chairman Ben Zandi. “We’re going to be the ones that bring that to market.” To do so, the holding company will be pursuing a…

Biometrics Market to Grow from $16.8B to $41.8B by 2023

Biometrics Market to Grow from $16.8B to $41.8B by 2023

The biometrics market will grow from a value of $16.8 billion this year to $41.8 billion by 2023, according to a new forecast from MarketsandMarkets. The growth will reflect a CAGR of 19.99 percent for the forecast period. The government sector will be the key driver of the overall market’s growth, according to a report…