market forecasts

Image Recognition Market to Reach $81.88B by 2026: Report

Image Recognition Market to Reach $81.88B by 2026: Report

Facial recognition will help to drive considerable growth in the overall image recognition market over the next several years, according to a new forecast from Fortune Business Insights. The market research firm estimates that the global image recognition market had a value of $20.19 billion in 2018, and that it will reach a whopping $81.88…

Security Solutions Market to Reach $397.6 Billion by 2024: Report

Security Solutions Market to Reach $397.6 Billion by 2024: Report

A new study published by research firm MarketsandMarkets reports that the security solutions market is going to be worth $397.6 billion by 2024. This will reflect an anticipated compounded annual growth rate (CAGR) of 9% over the next 5 years, rising from its valuation of $257.9 billion in 2019. The report states that the key…

ABI Expects Public Security Demands to Drive Biometric Hardware Market

ABI Expects Public Security Demands to Drive Biometric Hardware Market

ABI Research is predicting that the demand for better security solutions will drive the market for biometric hardware to $19 billion by 2024. The firm expects Body-Worn Cameras (BWC), surveillance cameras, and access control technology to display the most growth over that time period, with much of that revenue coming from the public sector. Law…

Technavio Predicts Biometric IDs Will Fuel Global Biometrics Market

Technavio Predicts Biometric IDs Will Fuel Global Biometrics Market

Technavio has released a new report on the global biometrics market, which is expected to display a CAGR of more than 15 percent between 2019 and 2023. The research firm attributes that growth to the rising demand for biometric solutions in the public and the private sectors. With regards to the former, Technavio notes that…

Meticulous Report Forecasts $100.5 Billion AIDC Market

Meticulous Report Forecasts $100.5 Billion AIDC Market

Meticulous Research has released a new report that predicts that the Automatic Identification and Data Capture (AIDC) market will reach $100.5 billion by 2025. That figure represents a CAGR of 12.9 percent based on the size of the market in 2019. The AIDC market covers a wide range of identification and authentication technologies, including biometric…

Frost & Sullivan Tracks Rise of as-a-Service Solutions

Frost & Sullivan Tracks Rise of as-a-Service Solutions

A new report from Frost & Sullivan is calling attention to the growing popularity of as-a-service business solutions. The research firm notes that as-a-service models – which can cover everything from biometrics to infrastructure to identity management – are often more affordable and more convenient than fully packaged, non-service-based alternatives. In that regard, as-a-service solutions…

Biometric and Surveillance Tech Fuels $34.3 Billion Security Product Market

Biometric and Surveillance Tech Fuels $34.3 Billion Security Product Market

Memoori is predicting that global sales for physical security products will hit $34.3 billion in 2019. The figure represents an increase of 8.5 percent, and comes courtesy of a new report that examines the prospects for Access Control, Intruder Alarm and Video Surveillance technology in the next five years. According to Memoori, video surveillance accounts…

Vehicle Access Market Empowered by Biometric Tech: Report

Vehicle Access Market Empowered by Biometric Tech: Report

A new report from Grand View Research is predicting significant growth for the vehicle access control market over the next several years, with biometric technology poised to play an important role. The overall market is forecast to reach a value of $17.3 billion by 2025, reflecting a CAGR of 10.6 percent for the 2019-2025 forecast…

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…

Biometrics-as-a-Service Market to Exceed $5B in 2026: Report

Biometrics-as-a-Service Market to Exceed $5B in 2026: Report

The biometrics-as-a-service market is poised to see a CAGR of 18.2 percent from 2019 to 2026, according to analysis from Allied Market Research. The firm pegs the market’s value at $1.42 billion last year, and says it will reach a value of $5.37 billion at the end of its forecast period. The market is being…

MarketsandMarkets Forecasts $4.3 Billion Iris Recognition Market

MarketsandMarkets Forecasts $4.3 Billion Iris Recognition Market

Biometrics News – Iris Recognition MarketsandMarkets has released a new report that predicts that the iris recognition market will climb from $2.3 billion to $4.3 billion between 2019 and 2024. The figure represents a CAGR of 13.2 percent. The research firm attributes the projected growth to the need for strong security in both the public and 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…

Voice Recognition Market to Reach $28B in 2026: Report

Voice Recognition Market to Reach $28B in 2026: Report

Fortune Business Insights (FBI) has released a new report on the voice and speech recognition market, projecting that the market will grow from $6.89 billion to $28.34 billion between 2018 and 2026. The market is expected to display a CAGR of 19.8 percent during that period. FBI credits a number of different factors for the expected growth,…

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…

Visiongain Highlights Biometrics in Report on Airport Security Market

Visiongain Highlights Biometrics in Report on Airport Security Market

A new Visiongain report is predicting that increasing international travel will lead to a thriving airport security market over the course of the next decade. The report pegs the current value of the market at $8.83 billion, and that figure is expected to grow through 2029 as airports work to keep airport passengers safe. Visiongain…

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…

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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