FindBiometrics
Global Identity Management
“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 […]
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 […]
A study by market research consulting firm Mordor Intelligence — titled “The Consumer Biometrics Market – Growth, Trends, and Forecast (2020-2025)” — predicts that the industry is expected to grow at a compounded annual growth rate (CAGR) of 17.2% during the forecast period. This would mean an increase in shipments from 2.1 billion units in […]
Research and consulting firm Frost and Sullivan has released a new report on the global biometrics market, predicting it will grow from $18.78 billion today to $45.98 billion by the year 2024. The report highlights the importance of the rise of the Internet of Things (IoT) and smartphone usage — along with the increasing viability […]
According to a recent Markets and Markets report, the global digital identity solutions market is poised to grow at a compounded annual growth rate (CAGR) of 17.3% between 2019 and 2024, growing from $13.7 billion to $30.5 billion. Growth will be driven by a number of factors including the rise of identity and authentication fraud […]
MarketsandMarkets has released a new report that suggests that the global Biometrics-as-a-Service (BaaS) market will climb from $1.2 billion to $2.7 billion between 2019 and 2024. Those figures represent a CAGR of 17 percent for the forecast period. The estimate is slightly less ambitious than a recent report from Allied Market Research (AMR) that predicted […]
A new study published by research firm MarketsandMarkets reports that the security solutions market is going to be worth $397.6 billion by 2024. This will reflect an anticipated compounded annual growth rate (CAGR) of 9% over the next 5 years, rising from its valuation of $257.9 billion in 2019. The report states that the key […]
When it comes to the government biometrics market, one growth area that’s impossible to ignore right now is biometric border control. It is simply exploding around the world, partly as a result of many governments’ increased focus on border security, and partly because of advancements in biometric technologies like facial recognition. Face-Scanning Achieves Liftoff In […]
The global biometric sensor market will see a CAGR of 9.3 percent between 2018 and 2025, according to a new report from Allied Market Research. The firm estimates a value of $944 million for the global biometrics market in 2017, and says that by the end of the forecast period it will reach a value […]
“Our focus on verification accuracy, speed and innovation is helping us meet the needs of modern enterprises who need a reliable means of proving that someone is who they claim to be online.” Jumio is celebrating the largest sales quarter in the company’s history after sales jumped 45 percent over the same quarter one year […]
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