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…
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.…
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…
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,…
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…
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…
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…