Technavio

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…

Iris Recognition Market to See CAGR of 21 Percent Through 2021: Technavio

Iris Recognition Market to See CAGR of 21 Percent Through 2021: Technavio

The global iris recognition market will grow at a CAGR of 21 percent between this year and 2021, according to a new market forecast from Technavio. Entitled, ‘Global Iris Recognition Market 2017-2021’, the report comes amid growing excitement around iris recognition in the mobile sector. Samsung has proven to be a champion of the technology,…

Biometrics in Education Sector to See 26 Percent CAGR to 2021: Technavio

Biometrics in Education Sector to See 26 Percent CAGR to 2021: Technavio

The educational sector of the global biometrics market is poised to see annual growth of 26 percent between 2017 and 2021, according to a new report from Technavio. Several factors are going to drive this growth. In the APAC region and the GCC countries, biometric technologies are increasingly seen as a part of general infrastructure…

Fingerprint Biometrics Market to See 12% CAGR Through 2021

Fingerprint Biometrics Market to See 12% CAGR Through 2021

The global fingerprint biometrics market will grow at a CAGR of almost 12 percent over the next few years, according to a new report from Technavio. The market research firm says that the government sector in particular is showing strong demand for the technology due to the need for strong authentication and to fight crime.…

Technavio Predicts Substantial Growth for Automotive Biometrics Market

Technavio Predicts Substantial Growth for Automotive Biometrics Market

The biometric automotive market is will grow at a CAGR of over 19 percent between this year and 2021, according to a new report from Technavio. The market research firm highlights three major drivers of the growth: Growing demand in the BRIC countries, the security vulnerabilities of traditional key-based vehicle entry, and evolving government regulations…

Military Demand for Iris and Facial Biometrics Growing: Report

Military Demand for Iris and Facial Biometrics Growing: Report

The security applications of biometric technology have long been clear, and the next few years will see adoption of the technology continue, according to a new report from market research firm Technavio. Entitled “Global Military Biometrics Market 2016-2020”, the report predicts a CAGR of seven percent for this market for the forecast period. The report…

BFSI Biometrics to See CAGR of Almost 20 Percent Through 2020: Technavio

BFSI Biometrics to See CAGR of Almost 20 Percent Through 2020: Technavio

Technavio expects strong growth for the BFSI biometrics market. In a new report, the market research firm predicts growth of almost 20 percent for the next three years. In a report synopsis, Technavio highlighted the proliferation of smartphone fingerprint sensors as a factor in the BFSI biometrics market, and indeed, many companies have embraced Apple’s Touch ID…

VAR Segment Grows Along with Overall Fingerprint Biometrics Market: Technavio

VAR Segment Grows Along with Overall Fingerprint Biometrics Market: Technavio

As the fingerprint biometrics market continues its ascent, its subset in the value-added reseller (VAR) market is also taking off, according to a new report from Technavio. Entitled “Global Fingerprint Biometrics in VAR Market 2016-2020”, the report forecasts a CAGR of over 11 percent during that period. In a report synopsis, Technavio highlights several key…

Multimodal Biometrics to Gain ‘Widespread Acceptance’ by 2020: Technavio

Multimodal Biometrics to Gain ‘Widespread Acceptance’ by 2020: Technavio

Market research firm Technavio sees growth in the cards for the ‘global advanced authentication market’. In a new report, the firm predicts a CAGR of 17 percent between this year and 2020. By ‘advanced authentication’, Technavio means multi-factor and biometric solutions, and in making its market calculations the firm considered revenues from offerings like biometric…

TechNavio Predicts Growth for Keystroke Biometrics

TechNavio Predicts Growth for Keystroke Biometrics

Market research firm TechNavio has released a new report touching on behavioral biometrics. Entitled “Global Keystroke Biometrics Market 2016-2020”, the report predicts a CAGR of 10.09 percent for its forecast period. ‘Keystroke biometrics’ refers to how users manipulate their keyboards. It’s one component of the broader, emerging field of behavioral biometrics, which analyzes the unique…

Gait Biometrics Market to Make Strides: Report

Gait Biometrics Market to Make Strides: Report

Gait biometrics will continue to pick up momentum over the next few years, according to a new report from TechNavio. The firm predicts that between 2016 and 2020, the global gait biometrics market will grow at a rate of 13.98 percent (CAGR). The market research firm asserts that such growth is driven primarily by the…

Hack Fears Propel Biometric POS Market: Report

Hack Fears Propel Biometric POS Market: Report

The global biometric POS terminals market will grow at a rate of 26 percent (CAGR) between 2016 and 2020, according to new research from Technavio. Increasingly sophisticated hack attacks are the major factor in the market’s growth, according to the firm’s new report. Explaining the findings in a statement, Technavio lead research analyst Soumya Mutsuddi…

Financial Institutions Are Investing in Tech Companies With an Eye for mPayments

Financial Institutions Are Investing in Tech Companies With an Eye for mPayments

Market research firm Technavio has named its top vendors in the area of mobile payment services. They are very big names: Amazon Payments, HP, IBM, MasterCard, Orcale, and PayPal. The analysis comes from Technavio’s report, Global IT Spending by Mobile Payment Service Providers Market 2015-2019, released last autumn. In a new statement announcing Technavio’s top vendors,…

Steady Growth Expected for Biometric Access Control Market: TechNavio

Steady Growth Expected for Biometric Access Control Market: TechNavio

The global biometric access control market is in for steady growth over the next couple of years, according to a new report from TechNavio. The market research firm predicts a CAGR of 18 percent for the market between 2015 and 2019. According to TechNavio’s calculations, the should bring the market to a valuation of over $12…

Report Predicts Strong Growth for Biometric POS Market

Report Predicts Strong Growth for Biometric POS Market

The next few years will see the continued growth of biometric POS terminals, according to a new report from TechNavio. The market research firm predicts that this market will grow at a rate of almost 27 percent (CAGR) between 2016 and 2020. According to a report synopsis, a major factor in the market’s growth trajectory can…

Steady Growth Predicted for Smartphone Voice Recognition Market: Technavio

Steady Growth Predicted for Smartphone Voice Recognition Market: Technavio

Market research firm Technavio is predicting steady growth for the smartphone voice recognition market, forecasting a CAGR of about 10 percent between 2015 and 2019. One key market driver is the rise of speech-recognition based AI personal assistants such as Google Now, Apple’s Siri and Microsoft’s Cortana, and other emerging systems. These systems tend to…

ACaaS Market to See ‘Immense Growth’: Report

ACaaS Market to See ‘Immense Growth’: Report

TechNavio is predicting “immense growth” for the global Access Control as a Service (ACaaS) market over the next few years. In a new report, the market research firm forecasts a CAGR of 24 percent between 2016 and 2020. In a report synopsis, TechNavio credits much of the market’s expansion to “the growing need for high-level…

Significant Growth Predicted for Biometrics in Retail

Significant Growth Predicted for Biometrics in Retail

The retail arm of the global biometrics market is on track for significant growth over the next few years, according to TechNavio. A new report from the market research company predicts growth of about 21.3 percent (CAGR) between 2016 and 2020. In a report synopsis, TechNavio suggested that biometric time and attendance tracking systems are…

Major Trends Paint Rosy Picture of Behavioral Biometrics

Major Trends Paint Rosy Picture of Behavioral Biometrics

Tech market research firm Technavio has issued a new report on emerging trends in the global behavioral biometric market. The firm identifies four main trends suggesting market growth to come, predicting a CAGR of about 17 percent between 2016 and 2020. The first main trend is the growing prominence of multimodal solutions, which of course…

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