market forecasts

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…

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…

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…

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…

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.…

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…

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…

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…

Fingerprint Biometrics Market to See Solid Growth Through 2023: ABI Research

Fingerprint Biometrics Market to See Solid Growth Through 2023: ABI Research

Despite the rise of facial recognition in smartphones, the fingerprint sensor market will continue to see substantial growth over the coming years, according to a new market forecast from ABI Research. The firm predicts that the fingerprint sensor market will see 1.26 billion shipments this year, and that this ties into a predicted CAGR of…

AMR Forecasts a Booming Keystroke Dynamics Market

AMR Forecasts a Booming Keystroke Dynamics Market

A new report from Allied Market Research suggests that the keystrokes dynamic market is set to explode in the next few years. According to AMR, 2017’s $129.8 million keystroke market figure will climb to $754.9 million by 2025 as more companies look for behavioral biometric solutions to increase security and combat the rising number of…

AFIS Market to Reach $26.55B by 2026: Report

AFIS Market to Reach $26.55B by 2026: Report

“Stratistics Market Research Consulting asserts that demand for AFIS systems is being fuelled in large part by increasing spending in the government sector…” A new market report from Stratistics Market Research Consulting is predicting solid growth for the fingerprint authentication market over the next several years. Entitled “Automated Fingerprint Identification System (AFIS) – Global Market…

Voice Recognition Market Expected to Hit $15.5B by 2029: IDTechEx Research

Voice Recognition Market Expected to Hit $15.5B by 2029: IDTechEx Research

Voice recognition technology has been commercially available since Radio Rex hit store shelves in the 1920s, but it is only in the past decade that it started making serious inroads into the consumer market. The latest research suggests that trend will continue in the next ten years.   A new report from IDTEchEx Research suggests…

Behavioral Biometrics Market to Reach $3.9B by 2025: Report

Behavioral Biometrics Market to Reach $3.9B by 2025: Report

The behavioral biometrics market is really going to come into its own over the next several years, suggests a new report from Allied Market Research. The firm estimates that the global behavioral biometrics market was valued at about $720.5 million in 2017, and that it will reach a whopping $3.922 billion by the year 2025.…

Expedited Biometric Traveler Processing Market to Reach $1.3B by 2022: Acuity

Expedited Biometric Traveler Processing Market to Reach $1.3B by 2022: Acuity

“Acuity Principal Maxine Most estimates that there are currently about 5,600 biometric eGates and kiosks deployed at over 300 locations in 80 countries, and that this number will triple by 2022.” The expedited traveler screening enabled by biometric technology at airports is going to continue its ascent over the next few years, suggests a new…

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…

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