industry trends

Market Forecast Charts Rise of Image Recognition

Market Forecast Charts Rise of Image Recognition

The global image recognition market will grow at an annual rate of 21.8 percent between 2018 and 2025, when it will be worth $86 billion, according to a new forecast from Allied Market Research. Cloud-based image recognition services will grow the fastest, according to the firm’s report, with a CAGR of 23.3 percent over the…

579 Million Biometric Payment Cards Will be in Use by 2023: Goode

579 Million Biometric Payment Cards Will be in Use by 2023: Goode

Just in time for this year’s Money20/20 event in Las Vegas, Goode Intelligence has issued a new report on the growing prominence of biometric technology in payments, entitled, “Biometrics for Payments; Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023 – Second Edition”. Much of the report’s analysis concerns the same trends outlined in FindBiometrics’…

Acuity’s Airport Automation Predictions Validated by New Biometric Deployments

Acuity’s Airport Automation Predictions Validated by New Biometric Deployments

“Shanghai’s Hongqiao airport, London’s Heathrow, and Atlanta’s Hartsfield Jackson have all announced deployments or enhancements of existing passenger processing systems based on facial recognition technology.” Acuity Market Intelligence is pointing to deployments of biometric passenger processing technology announced this week at three major airports as validation of the market research firm’s predictions about the rise…

Precise Biometrics to Move Beyond Fingerprints in Strategic Shift

Precise Biometrics to Move Beyond Fingerprints in Strategic Shift

“Biometric systems with fingerprints, face, voice, behaviour and iris enables a digital identity that makes it more convenient and secure in the daily life.” Stefan K. Persson, CEO, Precise Biometrics Precise Biometrics is moving beyond fingerprint recognition, announcing that it has embraced a new business strategy focused on multi-modal biometric authentication solutions. In a statement…

Social Media Has Become Key Threat Vector in Data Breaches: BLI

Social Media Has Become Key Threat Vector in Data Breaches: BLI

The disturbing trends continue in Gemalto‘s latest update from its Breach Level Index, a database aimed at recording global data breaches. Gemalto has issued its findings from the first half of 2018. The good news is that, compared to the same period last year, the number of data breaches isn’t up all that much at…

Risk-based Authentication Market to Reach $5.41B by 2023: Report

Risk-based Authentication Market to Reach $5.41B by 2023: Report

The risk-based authentication market is in for some substantial growth, according to a new market forecast from MarketsandMarkets. The market research firm predicts that this sector will grow from a value of $2.19 billion this year to $5.41 billion by the year 2023, reflecting a CAGR of 19.8 percent. According to the report, the market…

SITA Research Puts Numbers to Biometric Air Travel’s Ascent

SITA Research Puts Numbers to Biometric Air Travel’s Ascent

New research data from SITA is further illustrating the ascent of biometric air travel. Based on surveys of more than 180 senior IT executives from airports and airlines around the world, the research found an industry busily working toward a biometric future. It found that 71 percent of airlines and 77 percent of airports “are…

Samsung Races to Achieve In-Display Fingerprint Biometrics in China

Samsung Races to Achieve In-Display Fingerprint Biometrics in China

“The P30 and P30+ are aimed specifically at competing with China-based in-display pioneers like Vivo and Huawei, and will thus be launched in that market only, at least initially.” Samsung is feeling the heat from rival smartphone makers that have pioneered in-display fingerprint scanning this year, and is fast-tracking a new pair of devices to…

1.9B Bank Customers to Use Biometrics by 2021: Goode Intelligence

1.9B Bank Customers to Use Biometrics by 2021: Goode Intelligence

Biometric security has been booming in the financial services sector in recent years, and a new report from Goode Intelligence suggests that upwards trend is going to continue. Entitled “Biometrics for Banking: Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023,” the report predicts that by 2020, more than 586 million bank customers will be…

What The Death of Touch ID Means for Mobile Biometrics

What The Death of Touch ID Means for Mobile Biometrics

Ever since Apple introduced the world to its Face ID facial recognition system with the launch of its iPhone X last autumn, there have been rumors and speculation that Face ID would quickly become Apple’s primary biometric authentication system, at least on the iPhone. And last week, Apple confirmed those rumors, unveiling three new iPhones,…

Businesses Recognize Importance of Protecting Customer Data, But Struggle to Address It, Survey Suggests

Businesses Recognize Importance of Protecting Customer Data, But Struggle to Address It, Survey Suggests

Businesses are really starting to recognize the importance of protecting customer data, but are still struggling to implement effective digital security technologies, suggests new ForgeRock-sponsored research from Forrester Consulting. The firm conducted its research this past April, polling 400 decision makers across the US, the UK, France, Germany, Australia, Japan, and China. It found that…

New Report Lays Out Business Case for Biometric Authentication

New Report Lays Out Business Case for Biometric Authentication

A new report from Goode Intelligence makes a strong business case for biometric authentication. Commissioned by Daon, the report is based on organization surveys and other research and analysis conducted by Goode Intelligence. The firm found that 56 percent of survey respondents reported reduced call center volumes; according to Goode Intelligence’s calculations, this produces an…

Biometric Software Usage to Rise Dramatically: Report

Biometric Software Usage to Rise Dramatically: Report

Juniper Research is predicting the rise of software-based biometric authentication in a new report. Entitled “Mobile Payment Security: Biometric Authentication & Tokenisation 2018-2023,” the forecast predicts that end users of such systems will rise from about 429 million this year to 1.5 billion in 2023. The prediction essentially points to the rise of facial recognition.…

Voice and Speech Recognition Market to Reach $6.9B by 2025: Tractica

Voice and Speech Recognition Market to Reach $6.9B by 2025: Tractica

“Clinical documentation in the healthcare market will be a leading driver going forward, Tractica says – good news for companies like Nuance Communications, which is already gaining a foothold with its Dragon Medical platform. “ Tractica is predicting some major growth for the voice and speech recognition market over the next several years. The market…

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