market reports

Fingerprint Sensor Market to Reach $7.1B by 2024: Report

Fingerprint Sensor Market to Reach $7.1B by 2024: Report

Biometrics News – Fingerprint Recognition The fingerprint sensor market will grow from a value of $3.5 billion this year to $7.1 billion by 2024, according to a new forecast from MarketsandMarkets. This trajectory will reflect a CAGR of 15.3 percent. The report comes after Apple helped to prompt a shift in the mobile biometrics market…

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…

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…

New TMR Report Forecasts $26.2 Billion IDaaS Market for 2027

New TMR Report Forecasts $26.2 Billion IDaaS Market for 2027

A new report from Transparency Market Research (TMR) predicts that the Identity-as-a-Service (IDaaS) market will hit $26.2 billion by 2027, with a CAGR of 26 percent during that period. The increasing demand for authentication and document verification technology is expected to fuel much of that growth as technology allows for the creation of more secure…

BRIEF: Breaking Down the Biometrics Market Boom

BRIEF: Breaking Down the Biometrics Market Boom

The biometrics market has been booming for years now, having kicked into a high gear as demand for enhanced security technologies ramped up in the wake of the 9/11 attacks, and further accelerated when Apple blazed a trail for biometrics in the consumer tech sector with its first fingerprint-scanning iPhone in 2013. What’s remarkable is…

This Week’s Top Biometrics Stories: Fingerprint Tech, ATMs & e-Passports

This Week’s Top Biometrics Stories: Fingerprint Tech, ATMs & e-Passports

It’s another varied assortment of topics and themes in this week’s roundup of FindBiometrics’ top stories. And it begins with a bit of international flavor, with FindBiometrics President Peter O’Neill having reported live from one of the year’s biggest trade shows in Africa, and a major fingerprint biometrics specialist checking in on its new office…

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…

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…

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…

Pages