industry trends

Zion Forecasts $59.43 Billion Global Biometrics Market

Zion Forecasts $59.43 Billion Global Biometrics Market

Zion Market Research has released a new report that predicts that the global biometric technology market will hit $59.43 billion by 2025, climbing from $17.16 billion in 2018. The final figure represents a CAGR of 19.42 percent. The forecast is nearly identical to that of Grand View Research, which projected a $59.31 billion global biometrics…

Major Insurer Warns About Rise of BIPA, Other Biometrics Laws

Major Insurer Warns About Rise of BIPA, Other Biometrics Laws

One of the world’s biggest insurers is warning about the risks of biometric privacy legislation. The warning comes by way of Chubb’s latest Cyber InFocus report, with Illinois’s Biometric Information Privacy Act (or “BIPA”) being singled out as one of two salient digital issues in the insurance industry right now. (The other, ‘iEncrypt’, is a…

Payments Pros Concerned About Cybersecurity, Want In-House Solutions: Survey

Payments Pros Concerned About Cybersecurity, Want In-House Solutions: Survey

Professionals in the payments industry are very concerned about cybersecurity, but are at least a little mistrustful of third party solutions providers, suggest the results of TD Bank’s 2019 NACHA PAYMENTS survey. Conducted at the 2019 NACHA PAYMENTS Conference in Orlando this past May, the survey polled just under 500 of the payments industry professionals…

Frost & Sullivan Predicts Public Sector Will Drive  APAC Biometrics Market

Frost & Sullivan Predicts Public Sector Will Drive APAC Biometrics Market

“The rising instances of identity thefts and cyber crimes are boosting the adoption of multifactor authentication and multimodal technology systems.” Frost and Sullivan is predicting that the expansion of national ID programs will fuel the demand for biometric technology in the Asia-Pacific region over the next few years. In its report, the research firm noted…

Fingerprint Cards Back in Black in Q2 Update

Fingerprint Cards Back in Black in Q2 Update

Fingerprint Cards is back in the black in its latest quarterly update, showing a slight profit for Q2 2019 after a challenging period of adjustment to dropping ASPs in the mobile fingerprint sensor market. Improved Results Revenues for the April-June period came in at SEK 381.8 million. That’s a two percent drop against Fingerprint Cards’…

Synaptics Announces New CEO: Michael Hurlston

Synaptics Announces New CEO: Michael Hurlston

Synaptics has announced its next CEO: Michael Hurlston will take the helm on August 19th, and is expected to join the company’s Board of Directors at the same time. Hurlston is coming to Synaptics straight from Finisar, where he has served as chief executive since January of last year. His appointment at Synaptics can therefore…

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…

Report: Healthcare Biometrics Market will Hit $5.6 Billion by 2022

Report: Healthcare Biometrics Market will Hit $5.6 Billion by 2022

“At the moment, North America has the largest market for biometric healthcare tech, with Europe and Asia also displaying a strong interest in the technology…” A new report from Market Research Future is predicting that the global healthcare biometrics market will hit $5.6 billion by 2022, which would represent a CAGR of 22.3 percent since…

MarketsandMarkets Forecasts $373 Billion Security Market

MarketsandMarkets Forecasts $373 Billion Security Market

The research firm MarketsandMarkets has released a new report on the security solutions market, projecting that the demand for security products and services will hit $373 billion by 2022. That number reflects a CAGR of 10.2 percent between 2017 and 2022. The commercial sector will make up the largest portion of that market, with corporations…

Biometrics Market to Reach $11.1B by 2023: Frost & Sullivan

Biometrics Market to Reach $11.1B by 2023: Frost & Sullivan

Changing consumer demands and the emergence of the Internet of Things are helping to propel the global biometrics market, according to a new report from Frost & Sullivan. The firm says that the market is currently valued at $4.6 billion, and that it’s poised to rise to $11.1 billion by 2023, with a compound annual…

Digital Onboarding Trend Drives Demand for Tech Solutions

Digital Onboarding Trend Drives Demand for Tech Solutions

The growing trend toward digital onboarding is fueling considerable growth in a burgeoning digital identity and document verification market, according to a new report from Goode Intelligence. Looking at a forecast period between 2019 and 2024, the report predicts that this market will grow from about 518 million identity checks in 2019 to more than…

Synaptics to Deliver Q4 Update on Aug. 8th

Synaptics to Deliver Q4 Update on Aug. 8th

“…Synaptics is well-positioned to regain its footing going forward, with Synaptics’ Internet of Things platform expected to swing from a 29 percent year-over-year drop in Q3 back to a growth trend in June.” Synaptics has set a date for its next quarterly update, with its fiscal Q4 results to be posted on August 8th after…

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’…

SITA Enjoys Record Revenues Thanks to New Technology

SITA Enjoys Record Revenues Thanks to New Technology

SITA is celebrating its 70th birthday with the strongest year in company history. The air travel specialist brought in a record $1.7 billion in revenue in 2018, a figure that speaks to the company’s successful efforts to pivot its business in response to changes in the airline industry. “For the first time in our 70-year…

Frequent Flyers Support Airport Facial Recognition in NEC Survey

Frequent Flyers Support Airport Facial Recognition in NEC Survey

A new NEC survey suggests that travelers are becoming more receptive to facial recognition technology at airports. Released ahead of the July 4th weekend, the survey found that 75 percent of respondents would support the use of facial recognition to screen regular travelers, with the vast majority (87 percent) supporting efforts to identify criminals and…

Growing Market for Brainwave Biometrics in Law Enforcement: Report

Growing Market for Brainwave Biometrics in Law Enforcement: Report

“The report calls the technology ‘brain fingerprinting’, and explains that it revolves around the analysis of how a subject responds to stimuli such as information presented on a computer screen.” Government agents will increasingly use brainwave analysis to identify criminals and terrorists in the near future, and the trend is already well underway, suggests a…

Biometric Facial Recognition Market to Reach $7B by 2024: Report

Biometric Facial Recognition Market to Reach $7B by 2024: Report

“Notably, despite the growing popularity of facial recognition in consumer technology since Apple helped to popularize selfie authentication with its Face ID system, MarketsandMarkets points to demand in government, surveillance, and industry areas as being key to the modality’s growth.” The global facial recognition market will grow from an estimated value of $3.2 billion this…

Precise Biometrics’ Shanghai Team Aims at In-Display Opportunities

Precise Biometrics’ Shanghai Team Aims at In-Display Opportunities

Precise Biometrics is reaffirming the growth of the in-display fingerprint sensor trend in a new update on its recent office opening in Shanghai. The update comes in the format of a Q&A with the company’s Customer Program Manager, Matthew Bai, posted on Precise Biometrics’ blog. Bai has been leading the organization of Precise Biometrics’ Shanghai…

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