Deloitte has released the 11th iteration of its annual Tech Trends report. The 2020 edition explains how enterprises are blending multiple technologies to drive innovation and deliver more rewarding interactive experiences for consumers. The report places a particular emphasis on artificial intelligence, analytics, and digital technologies, all of which have transformed the way that large…
Acuity Market Intelligence is taking some time to reflect on the state of the biometrics industry as it enters another decade. In doing so, the research firm highlights some of the major trends that helped biometric tech transition from a fringe concept to an everyday reality for millions of people around the world. The firm…
“… the report predicts that most face-based authentication on smartphones will be software-based, with more than 1.3 billion devices supporting facial recognition software by 2024.” Selfie authentication is here to say, but nor is smartphone fingerprint scanning going anywhere – that’s the upshot from a new report from Juniper Research. Entitled “Mobile Payment Authentication: Biometrics,…
MarketsandMarkets is forecasting major growth in the global eye tracking market, predicting that the appetite for such tech will jump from $560 million to $1.786 billion between 2020 and 2025. Those numbers represent a CAGR of 26.1 percent for that five-year period. The research firm attributes much of that growth to the healthcare industry, where eye tracking…
Jumio has released its annual Holiday New Account Fraud Report, finding that new account fraud has doubled in the years since 2014, and increased 27.8 percent over 2018 alone. Fraud rates were generally higher in emerging markets than they were in more developed areas. For the purposes of the report, new account fraud occurs…
Deloitte is trying to raise awareness about digital identity best practices while simultaneously calling attention to some of the main challenges facing businesses and other large organizations. The company notes that many organizations are still utilizing out of date legacy technology, and that those organizations will need to overcome institutional inertia in order to protect…
Goode Intelligence is calling attention to some of the most influential players in the world of digital identity. In its latest Digital Identity Report, the research firm specifically listed the top 10 digital identity influencing organizations in the world, a roster that includes heavy hitters like the GSMA and ID4Africa. The other organizations on the…
China’s air travel industry is investing heavily in AI technology. According to SITA’s latest 2019 China IT Insights report, 88 percent of the country’s airlines and airports plan to have some form of AI program in the development or deployment phase by 2022, with a heavy focus on chatbots and virtual assistants. Roughly half (43…
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…
Meticulous Research has released a new report that predicts that the Automatic Identification and Data Capture (AIDC) market will reach $100.5 billion by 2025. That figure represents a CAGR of 12.9 percent based on the size of the market in 2019. The AIDC market covers a wide range of identification and authentication technologies, including biometric…
Mitek has released a new report that examines digital identity from the consumer perspective. The report highlights some of the key trends that digital identity providers will need to take into account if they want to encourage more widespread use of their technology. Mitek found that only 25 percent of consumers feel like they have…
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…
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…
Passengers are reaping the benefits of the air travel industry’s record spending on IT. At least, that’s the conclusion SITA has drawn from its 2019 Air Transit IT Insights report, which found that airlines and airports spent $50 billion on IT in 2018. Much of that money went towards technology to streamline the passenger experience,…
The access management specialist BeyondTrust has issued a series of security predictions for the next five years. The company highlighted the threats facing enterprises and consumers, as well as the steps that cybersecurity providers will take to stop them leading up to 2025. Most notably, BeyondTrust suggests that people should pay more attention to the…
LexisNexis Risk Solutions has released a new True Cost of Fraud report that details the growing impact of fraud on the American financial services and lending sector. The report found that every dollar lost to fraud costs financial services providers $3.25 in liability, recovery costs, and other expenses, a figure that is up from $2.92…
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…
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…
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…