market reports

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…

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,…

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…

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