industry trends

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…

Biometrics Fuel Booming e-Passports Market: Technavio

Biometrics Fuel Booming e-Passports Market: Technavio

The global market for e-passports is going to surge over the next few years, according to a new report from Technavio. The market research firm forecasts a CAGR of 21 percent between 2019 and 2023, equating to $23.93 billion in growth. In a report summary, a senior Technavio analyst explained that an increasing number of…

Behavioral Biometrics will Drive ID Verification as AI Improves: Frost & Sullivan

Behavioral Biometrics will Drive ID Verification as AI Improves: Frost & Sullivan

“AI-driven behavioral biometrics will become the main identity verification element in two-factor or multifactor authentication…” A new report from Frost & Sullivan projects major growth for the European biometrics market, which is expected to climb from $4.98 billion to $11.5 billion by 2023. Artificial intelligence and machine learning will fuel much of that growth as performance improvements…

Will Face Biometrics Authenticate Payments on Android Q?

Will Face Biometrics Authenticate Payments on Android Q?

It looks like Google is aiming to make facial recognition a more prominent component of its Android operating system for mobile devices, according to recent teardowns of the Beta 4 version of the forthcoming Android Q. The sleuthing found references in the mobile OS’s code to face-based authentication. And while Google had implemented support for…

WTTC Head Outlines Crucial Need to Implement Biometric Passenger ID Standards

WTTC Head Outlines Crucial Need to Implement Biometric Passenger ID Standards

“We have missed the opportunity to have a single solution; so it is crucial that we move faster to define the global standards for the use of technology in the traveller journey.” – Gloria Guevara, CEO, WTTC The head of the World Travel & Tourism Council (WTTC) is once again urging the air travel industry…

Speech and Voice Recognition Market to Hit $31.83 Billion by 2025

Speech and Voice Recognition Market to Hit $31.83 Billion by 2025

A new report from Grand View Research predicts that the market for speech and voice recognition tech will hit $31.82 billion by 2025. The rising demand for voice-activated virtual AI assistants is expected to drive much of that growth, leading to a CAGR of 17.2 percent. The banking, automotive, and healthcare sectors are expected to…

Money20/20 Europe Focuses on Transformation and Innovation

Money20/20 Europe Focuses on Transformation and Innovation

This year’s Money20/20 Europe conference kicked off today, and it’s already shaping up to be one of the biggest industry events of the year. One indication of this is the number of speakers lined up to take the stage: More than 350 industry leaders will deliver talks throughout Money20/20 Europe’s keynotes, seminars, and sessions. And…

Mobile Biometrics Remains Paramount in This Week’s Top Stories

Mobile Biometrics Remains Paramount in This Week’s Top Stories

This week’s batch of top stories from FindBiometrics is about as varied as they come, spanning acquisitions, iPhones, executive changes, and more. Nevertheless, it’s still possible to discern a couple of themes, with a major through-line being the ongoing importance of mobile biometrics. Apple is responsible to a considerable extent for having launched this booming…

Reports and Data Forecasts $11.3 Billion Facial Recognition Market in 2026

Reports and Data Forecasts $11.3 Billion Facial Recognition Market in 2026

‘The report highlights several key players in the facial recognition market, including NEC, FaceFirst, and Cognitec…’ Reports and Data is predicting that the facial recognition market will hit $11.3 billion by 2026. The research firm attributes the projected growth to the booming smartphone market, as well as the rising frequency of terrorist attacks and the…

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