industry reports

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…

SITA: Air Travel’s Record IT Spend Leads to Better Passenger Experiences

SITA: Air Travel’s Record IT Spend Leads to Better Passenger Experiences

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,…

BeyondTrust Security Predictions Highlight Cloud Security and Biometrics

BeyondTrust Security Predictions Highlight Cloud Security and Biometrics

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…

New Report Finds Fraud is Having a Bigger Impact on US Financial Institutions

New Report Finds Fraud is Having a Bigger Impact on US Financial Institutions

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…

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…

SC Magazine: Biometrics Experts Document the Decline of Passwords

SC Magazine: Biometrics Experts Document the Decline of Passwords

A growing number of organizations have begun to document the decline of passwords and the rise of biometric authentication. At least, that’s the takeaway from a new article from SC Magazine that gathers similar reports from a roster of biometrics experts, including Kaspersky Labs, Duo Security, Frost & Sullivan, and IDEX Biometrics. The article specifically…

LexisNexis Survey Finds Healthcare Providers Overestimate Their Security

LexisNexis Survey Finds Healthcare Providers Overestimate Their Security

LexisNexis Risk Solutions has published a new report on The State of Patient Identity Management after polling more than 100 healthcare professionals about their cybersecurity practices. Carried out in collaboration with the Information Security Media Group (ISMG), the survey revealed that many healthcare providers may be overconfident about their organization’s ability to protect their patients’…

Gartner Names Group-IB as a Representative Vendor in Fraud Detection

Gartner Names Group-IB as a Representative Vendor in Fraud Detection

Singapore’s Group-IB has been listed as a Representative Vendor in Gartner’s 2019 Market Guide for Online Fraud Detection. The cybersecurity specialist was specifically recognized for its Secure Bank/Secure Portal platform, which has been deployed by a number of different banks and online retailers who collectively serve more than 70 million customers. Secure Bank/Secure Portal is…

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…

Kaspersky Lab Unearths Dark Web e-Shop that Sells Stolen Digital Identities

Kaspersky Lab Unearths Dark Web e-Shop that Sells Stolen Digital Identities

Kaspersky Lab has shared the results of an investigation that has troubling implications for digital security providers, exposing a massive darknet e-shop that sells stolen digital identities. The storefront is called Genesis, and its vendors are able to copy and even create unique ‘digital masks’ – profiles associated with behavioral and device data that some…

MasterCard Lays Out a Consumer-Friendly Set of Principles for Digital Identity

MasterCard Lays Out a Consumer-Friendly Set of Principles for Digital Identity

MasterCard has published a new paper in an effort to build a more consumer-friendly understanding of digital identity. Restoring Trust in a Digital World argues that digital autonomy is a fundamental human right, and seeks to give people more control over their identities based on a set of principles that prioritizes transparency, security, privacy, inclusion,…

SITA Finds Air Travelers Happier with Automated Passport Control

SITA Finds Air Travelers Happier with Automated Passport Control

SITA has released the results of its 2019 Passenger IT Insights report, finding that air travelers are happier when they are able to use biometric technology to make their journey more convenient. That was particularly true for automated passport control. The usage rate for self-scanning passport stations more than doubled between 2017 and 2018, jumping…

Good News: Organizations are Finally Embracing Post-Password Security

Good News: Organizations are Finally Embracing Post-Password Security

“The increase in strong authentication adoption makes sense given that while data breaches, phishing threats and regulatory pressures have risen, the financial and user experience costs associated with implementing strong authentication have decreased.” – Al Pascual, SVP and Research Director, Javelin Strategy & Research Finally, some good news about the current state of digital security:…

Facial Recognition Has Shown 20X Improvement Since 2014: NIST

Facial Recognition Has Shown 20X Improvement Since 2014: NIST

Those in the biometrics industry know intuitively that facial recognition has advanced by leaps and bounds in recent years, but a new report from the National Institute of Standards and Technology (NIST) puts numbers to just how far the state of the art has come. NIST, which is the world’s premier agency in the evaluation…

Australian Officials Suggest the Era of the Data Breach Will Continue

Australian Officials Suggest the Era of the Data Breach Will Continue

New statistics on data breaches from Australian officials suggest that “this problem isn’t going away any time soon,” suggests Gemalto. As the company’s latest blog post explains, the Office of the Australian Information Commissioner implemented its Notifiable Data Breaches scheme in late February, introducing new requirements compelling organizations to notify individuals of data breaches that…

Suprema Makes A&S Security 50 Ranking for Eighth Time

Suprema Makes A&S Security 50 Ranking for Eighth Time

A&S magazine has once again named Suprema one of the world’s top solutions providers in the A&S 2018 Security 50 rankings. This is the eighth consecutive year that Suprema has made it into the rankings, which are based on financial data pertaining to product shipments and marketshare. And Suprema says it’s the only dedicated biometrics…

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