Grand View Research

Speech and Voice Recognition Market to Hit $31.83 Billion by 2025

Speech and Voice Recognition Market to Hit $31.83 Billion by 2025

A new report from Grand View Research predicts that the market for speech and voice recognition tech will hit $31.82 billion by 2025. The rising demand for voice-activated virtual AI assistants is expected to drive much of that growth, leading to a CAGR of 17.2 percent. The banking, automotive, and healthcare sectors are expected to…

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…

Global Biometrics Market to Reach $59.3B by 2025: Grand View Research

Global Biometrics Market to Reach $59.3B by 2025: Grand View Research

The global biometrics market will reach a value of $59.31 billion by the year 2025, according to a new report from Grand View Research. The prediction anticipates a period a substantial growth from Grand View’s estimated $10.41 billion valuation of the market in 2015. Grand View says the growth will be driven primarily by consumer electronics,…

Global Healthcare Biometrics Market Will Continue to Surge: Report

Global Healthcare Biometrics Market Will Continue to Surge: Report

The global healthcare biometrics market will continue to expand dramatically, according to a new forecast from Grand View Research. The firm says the market will reach a value of $11.7 million by the year 2024. In a statement announcing its predictions, Grand View Research credited the growth to a “surge” in demand thanks to “the…

Biometric Sensor Market to Reach $1.83 Billion by 2024: Report

Biometric Sensor Market to Reach $1.83 Billion by 2024: Report

The biometrics boom continues with a new report predicting that the biometric sensor market will reach a value of $1.83 billion by the year 2024. That’s considerable growth, given that Grand View Research estimates the market’s value to have been $810.9 million last year. In a synopsis announcing the report, the market research firm cites…

Fingerprint Access Market To Hit $4.41 Billion by 2022

Fingerprint Access Market To Hit $4.41 Billion by 2022

The fingerprint access control market is going to grow considerably over the next several years, according to a new report from Grand View Research. The market research firm predicts it will reach a value of $4.41 billion by the year 2022. In a synopsis, the firm cites government security measures and consumer electronics applications as the…