market reports

SITA Report Foresees Major Expansion of Self-Screening Tech at Chinese Airports

SITA Report Foresees Major Expansion of Self-Screening Tech at Chinese Airports

China’s air travel industry is investing heavily in AI technology. According to SITA’s latest 2019 China IT Insights report, 88 percent of the country’s airlines and airports plan to have some form of AI program in the development or deployment phase by 2022, with a heavy focus on chatbots and virtual assistants. Roughly half (43…

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…

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…

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…

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