industry trends

Get Ready For The Digital Identity Services Market Boom

Get Ready For The Digital Identity Services Market Boom

The demand for digital identity and document verification services is expected to skyrocket as the technology continues to improve. At least, that’s the takeaway from a new report from Goode Intelligence, which predicts that the market for such tech will hit $15 billion by 2024. According to the report, identity and document verification is so…

This Week’s Top Stories Look to the Biometric Future

This Week’s Top Stories Look to the Biometric Future

This week’s roundup of FindBiometrics’ most popular biometrics news articles finds a very forward-looking assortment. Three of our top five articles looked forward to anticipated biometric trends, while a fourth assessed an ongoing growth trend for the most important standards program in the authentication industry. Back to those anticipated trends, though: Two of this week’s…

Biometric Card Tech Boosts EMV Payments Ascent: Report

Biometric Card Tech Boosts EMV Payments Ascent: Report

ABI Research is charting a strong ascent for EMV payment card issuance, with emerging biometric card technology playing an important role. The market research firm says it expects EMV payment card issuance to rise from 3.18 billion this year to over 3.75 billion by 2023, with several factors propelling that growth. These include contactless migration,…

New Report Forecasts Booming Identity Verification Market

New Report Forecasts Booming Identity Verification Market

MarketsandMarkets has released a new report that predicts that the market for identity verification tech will more than double from $6 billion in 2019 to $12.8 billion by 2024, with a CAGR of 16 percent. The rising demand for reliable identity verification solutions and services is expected to drive much of that growth as companies…

First Full-Screen Fingerprint Sensor Emerges as Mobile Biometrics Move Into the Display

First Full-Screen Fingerprint Sensor Emerges as Mobile Biometrics Move Into the Display

“…given the growing consensus that mobile fingerprint sensors are moving into device displays, extending the scanning capability across the entire display surface would seem to be a logical next step for smartphone brands…” In the midst of the SID Display Week trade show in San Jose, Taiwan-based optoelectronics specialist AU Optronics (or “AUO”) has announced…

Full-Screen Fingerprint Scanning is Next Phase in Mobile Biometrics: Precise CEO

Full-Screen Fingerprint Scanning is Next Phase in Mobile Biometrics: Precise CEO

“Its new Precise YOUNiQ solution, which combines fingerprint, facial, and behavioral recognition with geodata, is also an area of intensifying focus, with Precise Biometrics aiming for commercialization in 2020.” Full-screen fingerprint scanning could be the next big thing in mobile biometrics, according to comments from Precise Biometrics‘ CEO in the company’s latest quarterly update. “The…

Synaptics’ Q3 Results Show Dip in Mobile, IoT Revenues

Synaptics’ Q3 Results Show Dip in Mobile, IoT Revenues

“Going forward, we have the elements in place to execute towards an overall richer margin mix and the ability to drive even greater momentum across the portfolio.” – Saleel Awsare, SVP and General Manager, IoT Division, Corporate Marketing & Investor Relations, Synaptics Synaptics has posted its results for the third quarter of its fiscal year,…

Grand View Forecasts $12.46 Billion AFIS Market by 2025

Grand View Forecasts $12.46 Billion AFIS Market by 2025

Last month, Grand View Research predicted that the global biometrics market would hit $59.3 billion by 2025. Now the analytics firm is taking a more granular look at that figure, with a new report that suggests that a major part of the fingerprint market alone will be worth $12.46 billion in the same time frame.…

Fingerprint Cards Has Now Shipped a Billion Biometric Fingerprint Sensors

Fingerprint Cards Has Now Shipped a Billion Biometric Fingerprint Sensors

Fingerprint Cards is celebrating a big milestone this week, announcing that it has now shipped over a billion fingerprint sensors. The Sweden-based biometrics specialist established itself over the last several years as one of the most prominent suppliers of fingerprint sensors to the mobile market, particularly with respect to Asia-made smartphones. While Fingerprint Cards never…

New HSB Survey Finds Identity Theft is On the Rise

New HSB Survey Finds Identity Theft is On the Rise

Security technology is improving, yet our personal information is more vulnerable than ever. At least, that’s the takeaway from a new survey by HSB, which found that more than a third (39 percent) of Americans reported that their information had been compromised in some way. Of those, 51 percent had learned of the breach in…

Enterprise Biometrics Month: The Roundup

Enterprise Biometrics Month: The Roundup

As the biometrics revolution has continued to accelerate over the last several years, the enterprise sector has proven to be one of the ripest areas of adoption. Businesses and other organizations have always had particular security needs, and in the past these have been met with solutions like office keys and security guards. But as…

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…

Comprehensive Visiongain Report Forecasts Big Decade for Facial Recognition

Comprehensive Visiongain Report Forecasts Big Decade for Facial Recognition

Visiongain has released a new report on the facial recognition market, analyzing a number of different variables to create a comprehensive forecast for the next ten years. The outlook is positive for those in the industry. The report evaluated the market at $4.6 billion in 2019, and expects that figure to grow as the demand…

Aluf Will Focus on Biometrics and Blockchain with New Board, M&A Strategy

Aluf Will Focus on Biometrics and Blockchain with New Board, M&A Strategy

Aluf Holdings is turning its attention to biometrics and blockchain, and has appointed a new Board of Directors to oversee the transition. “Biometrics is disruptive, transformative, and revolutionary,” said incoming Aluf Vice Chairman Ben Zandi. “We’re going to be the ones that bring that to market.” To do so, the holding company will be pursuing a…

Enterprise Biometrics Month: Passwords go into Retirement

Enterprise Biometrics Month: Passwords go into Retirement

There are a lot of moving parts to a business, and prime among them is the people who work there. So it’s no wonder that the enterprise sector has become one of the most active segments of the global biometrics market over the last several years. Identity management has always been a critical component of…

MarketsandMarkets Predicts Major Growth in the Far-field Voice Recognition Market

MarketsandMarkets Predicts Major Growth in the Far-field Voice Recognition Market

A new report from MarketsandMarkets suggests that the demand for far-field voice recognition tech will skyrocket in the next few years. The market is expected to jump from $969 million in 2018 to $3.5 billion by 2024 thanks to the rising popularity of smart speakers, smart TVs, and an ever-expanding range of other smart devices. North America…

Acuity Report Points to Enormous Potential in Airport Biometrics Market

Acuity Report Points to Enormous Potential in Airport Biometrics Market

“As airport AI-enhanced biometrics become mainstream, so too will consumer comfort and preference for the convenience of the experience.” – Maxine Most, Principal, Acuity Market Intelligence A new Acuity Market Intelligence forecast is pointing to the vast potential in the airport biometrics market. The renowned market research firm predicts that between 2019 and 2022, the…

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