FindBiometrics
Global Identity Management
MarketsandMarkets has released a new report that predicts that the market for Biometrics-as-a-Service products will more than double in the next five years. The report places the current value of the market at $1.5 billion, and forecasts that that will grow to $3.7 billion by 2025. Those numbers represent a CAGR of 19.7 percent. The […]
Allied Market Research (AMR) is predicting that the market for behavioral biometric technology will reach $3.92 billion by 2025. That number echoes an earlier AMR report from January of 2019, which suggested that the market would grow at a CAGR of 23.7 percent for the forecast period, based on a 2017 market valuation of $720 […]
IDTechEx has released a new report that predicts that the overall market for printed and flexible sensors will climb to $4.5 billion in the next ten years. Much of that growth will be attributed to the growing demand for hybrid sensors, which will jump from a market worth less than $1 million in 2020 to […]
MarketsandMarkets has released a new report that details the impact of COVID-19 on fingerprint sensor markets. In that regard, the firm expects the market for that technology to double between 2020 and 2025, growing from $3 billion to $6 billion even though the coronavirus has raised health concerns and discouraged the use of shared fingerprint readers. […]
Valuates Reports is predicting that the global gesture recognition market will jump from $13.8 billion to $34.3 billion between 2018 and 2025. Those figures represent a CAGR of 13.87 percent for the forecast period. The research firm believes that new commercial and industrial applications of gesture recognition technology will drive much of that growth. In that regard, […]
“Other important factors include the growing prominence of IP camera systems, increasing interest in smart city technologies, and growing VSaaS demand.” Advancements in facial recognition technology are a key factor driving the broader video surveillance market, according to a new analysis from Valuates Reports. The firm estimates that the global video surveillance market was valued […]
“But the COVID-19-related changes don’t impact all contact-based biometrics vendors in the same way, ABI says.” The biometric device market will take a $2 billion hit in revenues this year due to the impact of COVID-19, according to a new report from ABI Research. “Contact biometric technologies like fingerprint and vein have been dealt a […]
Allied Market Research is doubling down on its previous prediction that the global biometric sensor market will reach $1.92 billion by 2025. That figure represents a CAGR of 9.3 percent, based on a 2017 market valuation of $944 million. The Allied report attributes much of that growth to the rising demand for reliable security and identity products, […]
MarketsandMarkets has released a new report on the gesture recognition and touchless sensing markets. The former is expected to climb from $9.8 billion to $32.3 billion between 2020 and 2025, while the latter will jump from $6.8 billion to $15.3 billion in the same time frame. The gesture recognition figures represent a CAGR of 27 percent. The […]
A new report from Grand View Research predicts that the overall image recognition market will jump to $109.4 billion between 2020 and 2027. That figure represents a CAGR of 18.8 percent for the entire forecast period. The vast image recognition market includes everything from surveillance and medical imaging to the driver assist systems in smart […]
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