Tractica

Dramatic Growth Predicted for Iris Recognition Market: Tractica

Dramatic Growth Predicted for Iris Recognition Market: Tractica

The global iris recognition market is in for huge growth over the next several years, according to a new forecast from Tractica. The market research firm projects that it will rise from an estimated value of $676.6 million last year to $4.1 billion by the year 2025, with annual shipments of iris scanning devices rising…

Biometrics Market to Reach $15.1 Billion by 2025: Tractica

Biometrics Market to Reach $15.1 Billion by 2025: Tractica

Biometric technology is being adopted in consumer, business, and government applications “at an increasing pace,” according to Tractica. The market research firm has announced a new report predicting that the global biometrics market will grow from a value of $2.4 billion last year to $15.1 billion by 2025, reflecting a CAGR of 22.9 percent. The…

Computer Vision Tech Market to Reach $48.6B by 2022: Tractica

Computer Vision Tech Market to Reach $48.6B by 2022: Tractica

The computer vision hardware and software market will be worth $48.6 billion by the year 2022, according to a new report from Tractica. Entitled “Computer Vision Technologies and Markets”, the report forecasts a CAGR of 32.9 percent between 2015 and 2022, with the market having been worth about $6.6 billion last year. Tractica predicts that…

Exponential Growth for Enterprise Biometrics: Tractica

Exponential Growth for Enterprise Biometrics: Tractica

The enterprise biometrics market is bound for exponential growth over the next several years, according to a new report from market research firm Tractica. It’s expected to grow from $183 million this year to $1.7 billion by the year 2024. While there is a wide range of potential use cases for biometric technologies in enterprise…

Financial Services Second Only to Gov’t in Driving Biometrics

Financial Services Second Only to Gov’t in Driving Biometrics

The financial services sector is the number-two leader in the biometrics market and is poised for significant growth, according to a new report from Tractica. In a synopsis, the market research firm asserts that after the government, the financial services sector offers “the most mature market for biometrics technology”, and that the trend is expected…

Facial Recognition to Grow at 22 Percent CAGR Until 2024

Facial Recognition to Grow at 22 Percent CAGR Until 2024

The global facial recognition market is poised for considerable growth over the next several years, according to a recent report from Tractica. The market intelligence firm predicts that it’s going to grow at an annual rate of 22 percent (CAGR) between this year and 2024. For 2o15, Tractica pegs annual revenues at $150 million; by…

Facial Recognition Revenues to Hit $882.5 Million by 2024

Looking at emerging growth areas, Tractica points to opportunities in finance and also retail, where facial recognition could find some uses in marketing deployments. Tractica is predicting huge growth in the global facial recognition market over the next decade or so. In a new report, the market research firm says that annual revenues in the…

Over a Billion Biometric Mobile Devices To Ship in 2021

Over a Billion Biometric Mobile Devices To Ship in 2021

Market intelligence firm Tractica is predicting significant growth for the worldwide fingerprint scanning market. The firm suggests that annual shipments of mobile devices using the technology will exceed one billion units by the year 2021. That represents 34 percent of all mobile device shipments for that year, and Tractica says that in North America, which…

Speech and Voice Recognition Market To Hit $5.1 Billion

Speech and Voice Recognition Market To Hit $5.1 Billion

Market analysts at Tractica are predicting massive growth for the speech and voice recognition market. In a new report, the market intelligence firm predicts that the global market for this biometric modality will grow from $249 million to $5.1 billion by the year 2024. That reflects an annual growth rate of 40 percent (CAGR) over…

Global Biometrics Market to Hit Almost $15 Billion by 2024

Global Biometrics Market to Hit Almost $15 Billion by 2024

All told, the report estimates that the current value of the global biometrics market is about $2 billion, and that it will grow to $14.9 billion by the year 2024. Research and Markets has a new report available from research firm Tractica on the global biometrics market’s next decade. In this report, the firm’s researchers dig…

Market Research Firm Announces Biometrics Advisory Service

Market Research Firm Announces Biometrics Advisory Service

Market research firm Tractica has launched a new advisory service specializing the biometrics market. The aptly-named Biometrics Advisory Service will provide clients with current analysis of the industrial landscape so that they can plan strategy accordingly. In announcing the launch of the service, Tractica principal analyst Bob Lockhart explained that the biometrics market “is experiencing…

Analyst: “The biometrics market is finally here to stay.”

Analyst: “The biometrics market is finally here to stay.”

Market research firm Tractica is buoyant about the prospects of the worldwide biometrics market over the next several years. In a new report entitled “Biometrics Market Forecasts“, the firm predicts that the global biometrics market will grow at a CAGR of 25.3 percent over the next ten years. In financial terms, the firm believes that…