industry trends

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…

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…

SITA Extends Contract for Ghanaian Airport

SITA Extends Contract for Ghanaian Airport

SITA has won a contract to expand its services at Kotoka International Airport in Ghana. The company’s new contract with Ghana Airports Company Limited will see SITA managing all airport passenger processing and baggage management in Terminal 3 over the next five years. SITA already began deploying its systems to the airport a year ago,…

Acuity Delivers Updated ABC eGate and APC Kiosk Data

Acuity Delivers Updated ABC eGate and APC Kiosk Data

“The market research firm has been ahead of the curve in assessing the booming airport and border biometrics markets with previous reports and analysis.” Acuity Market Intelligence has published new updates to its Automated Border Control (ABC) eGate and Automated Passport Control (APC) Kiosk Deployment Lists. The market research firm has been ahead of the…

Reports and Data Forecasts $3.91 Billion Voice Biometrics Market

Reports and Data Forecasts $3.91 Billion Voice Biometrics Market

Biometrics News – Voice Biometrics Reports and Data has released a new report on the voice biometrics market, forecasting that the market will hit $3.91 billion by 2026. The figure represents a CAGR of 23.5 percent based on the firm’s 2018 valuation of the market, which stands at $0.69 billion. The prediction seems anomalously low…

Fingerprint Sensor Market to Reach $7.1B by 2024: Report

Fingerprint Sensor Market to Reach $7.1B by 2024: Report

Biometrics News – Fingerprint Recognition The fingerprint sensor market will grow from a value of $3.5 billion this year to $7.1 billion by 2024, according to a new forecast from MarketsandMarkets. This trajectory will reflect a CAGR of 15.3 percent. The report comes after Apple helped to prompt a shift in the mobile biometrics market…

Government Biometrics Month: The Importance of the Border

Government Biometrics Month: The Importance of the Border

When it comes to the government biometrics market, one growth area that’s impossible to ignore right now is biometric border control. It is simply exploding around the world, partly as a result of many governments’ increased focus on border security, and partly because of advancements in biometric technologies like facial recognition. Face-Scanning Achieves Liftoff In…

Is the Google Pixel 4 Ditching Fingerprint Biometrics?

Is the Google Pixel 4 Ditching Fingerprint Biometrics?

“An unusually large amount of information has been leaked about the Google Pixel 4, reportedly because a retailer in Hanoi has been selling nearly-finished samples of the device.” Google is expected to launch its latest flagship smartphone in a matter of weeks, and it looks like the company is going to follow Apple’s lead in…

FPC Survey Finds Broad Support for Contactless Biometric Payment Cards

FPC Survey Finds Broad Support for Contactless Biometric Payment Cards

Fingerprint Cards (FPC) has conducted a poll of banks and consumers in an effort to learn more about their views about financial security and the prospects for biometric payment cards. The company found that banks and consumers are generally aligned in their views, especially when it comes to the significance of contactless payments. On that…

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…

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