industry forecasts

Technavio Predicts Biometric IDs Will Fuel Global Biometrics Market

Technavio Predicts Biometric IDs Will Fuel Global Biometrics Market

Technavio has released a new report on the global biometrics market, which is expected to display a CAGR of more than 15 percent between 2019 and 2023. The research firm attributes that growth to the rising demand for biometric solutions in the public and the private sectors. With regards to the former, Technavio notes that…

Frost & Sullivan Tracks Rise of as-a-Service Solutions

Frost & Sullivan Tracks Rise of as-a-Service Solutions

A new report from Frost & Sullivan is calling attention to the growing popularity of as-a-service business solutions. The research firm notes that as-a-service models – which can cover everything from biometrics to infrastructure to identity management – are often more affordable and more convenient than fully packaged, non-service-based alternatives. In that regard, as-a-service solutions…

Biometric and Surveillance Tech Fuels $34.3 Billion Security Product Market

Biometric and Surveillance Tech Fuels $34.3 Billion Security Product Market

Memoori is predicting that global sales for physical security products will hit $34.3 billion in 2019. The figure represents an increase of 8.5 percent, and comes courtesy of a new report that examines the prospects for Access Control, Intruder Alarm and Video Surveillance technology in the next five years. According to Memoori, video surveillance accounts…

Report: Biometric Smart Cards to Fuel $65.3 Billion Biometric System Market

Report: Biometric Smart Cards to Fuel $65.3 Billion Biometric System Market

MarketsandMarkets has released a new report that predicts that the Biometric System Market will hit $65.3 billion by 2024. That figure represents a CAGR of 14.6 percent from the firm’s $33 billion market valuation for 2019. The research firm attributes much of that anticipated growth to the general demand for strong multi-factor security solutions, and biometric…

Biometrics-as-a-Service Market to Exceed $5B in 2026: Report

Biometrics-as-a-Service Market to Exceed $5B in 2026: Report

The biometrics-as-a-service market is poised to see a CAGR of 18.2 percent from 2019 to 2026, according to analysis from Allied Market Research. The firm pegs the market’s value at $1.42 billion last year, and says it will reach a value of $5.37 billion at the end of its forecast period. The market is being…

MarketsandMarkets Forecasts $4.3 Billion Iris Recognition Market

MarketsandMarkets Forecasts $4.3 Billion Iris Recognition Market

Biometrics News – Iris Recognition MarketsandMarkets has released a new report that predicts that the iris recognition market will climb from $2.3 billion to $4.3 billion between 2019 and 2024. The figure represents a CAGR of 13.2 percent. The research firm attributes the projected growth to the need for strong security in both the public and the…

Visiongain Highlights Biometrics in Report on Airport Security Market

Visiongain Highlights Biometrics in Report on Airport Security Market

A new Visiongain report is predicting that increasing international travel will lead to a thriving airport security market over the course of the next decade. The report pegs the current value of the market at $8.83 billion, and that figure is expected to grow through 2029 as airports work to keep airport passengers safe. Visiongain…

Acuity’s Airport Automation Predictions Validated by New Biometric Deployments

Acuity’s Airport Automation Predictions Validated by New Biometric Deployments

“Shanghai’s Hongqiao airport, London’s Heathrow, and Atlanta’s Hartsfield Jackson have all announced deployments or enhancements of existing passenger processing systems based on facial recognition technology.” Acuity Market Intelligence is pointing to deployments of biometric passenger processing technology announced this week at three major airports as validation of the market research firm’s predictions about the rise…

Biometric Software Usage to Rise Dramatically: Report

Biometric Software Usage to Rise Dramatically: Report

Juniper Research is predicting the rise of software-based biometric authentication in a new report. Entitled “Mobile Payment Security: Biometric Authentication & Tokenisation 2018-2023,” the forecast predicts that end users of such systems will rise from about 429 million this year to 1.5 billion in 2023. The prediction essentially points to the rise of facial recognition.…