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Global Identity Management
MarketsandMarkets has released a new report that analyzes the impact of the coronavirus on the homeland security management market. In that regard, the firm predicts that COVID-19 will have a significant dampening effect for the next few years. The market will climb from $1.035 trillion in 2020 to $1.081 trillion in 2025, growing at a modest CAGR […]
MarketsandMarkets has released a new report that suggests that the international market for emotion detection and recognition technology will double within the next four years. The firm specifically predicts that the market will climb from $21.6 billion in 2019 to $56 billion by 2024, a figure that represents a CAGR of 21 percent. The emotion recognition market includes […]
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 […]
MarketsandMarkets is forecasting major growth in the global eye tracking market, predicting that the appetite for such tech will jump from $560 million to $1.786 billion between 2020 and 2025. Those numbers represent a CAGR of 26.1 percent for that five-year period. The research firm attributes much of that growth to the healthcare industry, where eye tracking […]
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 […]
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 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 […]
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 […]
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 […]
“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 […]
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