industry trends

Global Facial Recognition Market to Hit $7 Billion by 2024

Global Facial Recognition Market to Hit $7 Billion by 2024

“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…

e-Passports Market is Set to Surge: Report

e-Passports Market is Set to Surge: Report

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…

Connected Cars Will Increase Demand for Car Security Systems: Technavio

Connected Cars Will Increase Demand for Car Security Systems: Technavio

According to a new report from Technavio, the market for car security systems is expected to grow as more and more car manufacturers roll out new connectivity features for passenger vehicles. The use of biometric authentication for vehicle access and ignition will also be a key factor driving the market.   The logic in the…

GSMA Appoints New Head of Latin America Amid Region’s Mobile Boom

GSMA Appoints New Head of Latin America Amid Region’s Mobile Boom

“Javier brings an interesting new outlook on the digital ecosystem to the GSMA and has a solid understanding of the key topics impacting the region.” – Laxmi Akkaraju, Chief Strategy Officer, GSMA The GSMA has a new Head of Latin America. Javier Piñeiro comes to the mobile alliance from a previous position as Google’s Commercial…

Major Growth Coming For European Biometrics Market: Report

Major Growth Coming For European Biometrics Market: Report

“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…

Android Q to Support Face Authentication for Payments, Code Suggests

Android Q to Support Face Authentication for Payments, Code Suggests

It looks like Google is aiming to make facial recognition a more prominent component of its Android operating system for mobile devices, according to recent teardowns of the Beta 4 version of the forthcoming Android Q. The sleuthing found references in the mobile OS’s code to face-based authentication. And while Google had implemented support for…

Grand View Forecasts $31.82 Billion Speech and Voice Recognition Market

Grand View Forecasts $31.82 Billion Speech and Voice Recognition Market

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…

Money20/20 Europe Aims to Spur Financial Industry Transformation

Money20/20 Europe Aims to Spur Financial Industry Transformation

This year’s Money20/20 Europe conference kicked off today, and it’s already shaping up to be one of the biggest industry events of the year. One indication of this is the number of speakers lined up to take the stage: More than 350 industry leaders will deliver talks throughout Money20/20 Europe’s keynotes, seminars, and sessions. And…

Smartphone Industry Contributing to Growing Facial Recognition Market

Smartphone Industry Contributing to Growing Facial Recognition Market

‘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…

Goode Intelligence: Digital Identity Market Will Hit $15 Billion by 2024

Goode Intelligence: Digital Identity Market Will Hit $15 Billion by 2024

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…

Digital ID Takes Center Stage in This Week’s Top Stories

Digital ID Takes Center Stage in This Week’s Top Stories

There was a wide range of news this week on Mobile ID World, and the latest roundup of our top stories exemplifies that. Nevertheless, a careful look at this week’s top five articles can discern at least one important trend: Digital identity is an increasingly important focus area across a number of industries. This is…

Biometric Trend Helping to Fuel EMV Cards Growth: ABI Research

Biometric Trend Helping to Fuel EMV Cards Growth: ABI Research

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,…

The Identity Verification Market is Set to Skyrocket: Report

The Identity Verification Market is Set to Skyrocket: Report

MarketsandMarkets has released a new report that predicts that the market for identity verification tech will more than double from $6 billion in 2019 to $12.8 billion by 2024, with a CAGR of 16 percent. The rising demand for reliable identity verification solutions and services is expected to drive much of that growth as companies…

AU Optronics Announces Full-Screen Biometric Fingerprint Sensor

AU Optronics Announces Full-Screen Biometric Fingerprint Sensor

“…given the growing consensus that mobile fingerprint sensors are moving into device displays, extending the scanning capability across the entire display surface would seem to be a logical next step for smartphone brands…” In the midst of the SID Display Week trade show in San Jose, Taiwan-based optoelectronics specialist AU Optronics (or “AUO”) has announced…

Mobile Tech Market is Moving Toward Full-Screen Fingerprint Biometrics, says Precise CEO

Mobile Tech Market is Moving Toward Full-Screen Fingerprint Biometrics, says Precise CEO

“Its new Precise YOUNiQ solution, which combines fingerprint, facial, and behavioral recognition with geodata, is also an area of intensifying focus, with Precise Biometrics aiming for commercialization in 2020.” Full-screen fingerprint scanning could be the next big thing in mobile biometrics, according to comments from Precise Biometrics‘ CEO in the company’s latest quarterly update. “The…

FPC Celebrates Major Milestone: 1 Billion Biometric Sensors Shipped

FPC Celebrates Major Milestone: 1 Billion Biometric Sensors Shipped

Fingerprint Cards is celebrating a big milestone this week, announcing that it has now shipped over a billion fingerprint sensors. The Sweden-based biometrics specialist established itself over the last several years as one of the most prominent suppliers of fingerprint sensors to the mobile market, particularly with respect to Asia-made smartphones. While Fingerprint Cards never…

Biometrics Market to Hit $59.31 Billion by 2025: Report

Biometrics Market to Hit $59.31 Billion by 2025: Report

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…

More Cars Will Implement Biometric Safety Features in 2019: Fact.MR

More Cars Will Implement Biometric Safety Features in 2019: Fact.MR

A new report suggests that automotive biometrics providers are about to enjoy a lucrative year. Fact.MR valued the market for biometric driver identification systems at $10 billion in 2018, and expects that figure to skyrocket with 25 percent year-over-year growth in 2019. According to the report, much of the projected growth will come from North…

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