The behavioral biometrics market is really going to come into its own over the next several years, suggests a new report from Allied Market Research. The firm estimates that the global behavioral biometrics market was valued at about $720.5 million in 2017, and that it will reach a whopping $3.922 billion by the year 2025.…
“This trend is part of the larger mobile biometrics boom, with Goode Intelligence forecasting in its report that mobile biometric payments will amount to $1.67 trillion per annum by the end of the forecast period.” Mobile payments are going to keep climbing as the mobile biometrics boom continues to unfold in the world of financial…
“Metadata pertaining to things like device identifiers and online identity will be leveraged together with analysis of behavioral patterns and other AI systems to verify that users are who they say they are without any friction.” BioCatch has issued its top ten predictions of cybercrime trends anticipated for 2019, and there’s actually a bit of good news…
Financial services industry leaders have a strong appetite for biometric payment cards and are even willing to pay for one, suggest the results of a Zwipe survey at last week’s Fintech Connect event in London. Eighty percent of respondents said their payments are ‘always’ contactless, with 19 percent saying they make contactless payments ‘sometimes’. More…
Facial recognition technology has had a big year, in good ways and bad. On the positive side, Apple signaled a more or less definitive switch to 3D facial recognition as the primary mechanism for user authentication on its flagship smartphones: Having made a big splash last year with its introduction of Face ID on the…
This week brought some important news in the world of mobile biometrics: At its Snapdragon Technology Summit, Qualcomm announced that it had developed a new, ultrasonic in-display fingerprint sensor. Called the 3D Sonic Sensor, it was unveiled alongside Qualcomm’s Snapdragon 855 Mobile Platform, its flagship chip solution for the coming year. Together with the launch of…
2018 will have been the year in which 4G connectivity surpassed 3G in Latin America, suggests a new report from the GSMA. Entitled “The Mobile Economy: Latin America and the Caribbean 2018”, the report forecasts that by the end of the year, 4G networks will account for 38 percent of the region’s connections. That points…
“…2019 could be a year in which major hack attacks demonstrate which biometric security systems are truly effective and which are outdated, if Experian’s prediction is proven right.” Experian’s sixth annual Data Breach Industry Forecast finds biometrics in the crosshairs. Assessing the five major security threats expected for 2019, the report predicts that hackers will…
The GSMA is looking to tie Augmented Reality and Virtual Reality technology to the growing momentum around 5G connectivity, announcing a new initiative aimed at encouraging the development of cloud-based AR and VR services. Called “The GSMA Cloud AR/VR Forum”, the program has the backing of major mobile network operators including China Mobile, China Telecom,…
This time last year was a somewhat tumultuous one in the world of consumer-facing biometrics. Apple had just announced its iPhone X, and an entire industry of mobile device makers who had followed its lead in embracing fingerprint authentication for their own products suddenly faced the question of whether facial recognition was the future, even…
The global image recognition market will grow at an annual rate of 21.8 percent between 2018 and 2025, when it will be worth $86 billion, according to a new forecast from Allied Market Research. Cloud-based image recognition services will grow the fastest, according to the firm’s report, with a CAGR of 23.3 percent over the…
“Shanghai’s Hongqiao airport, London’s Heathrow, and Atlanta’s Hartsfield Jackson have all announced deployments or enhancements of existing passenger processing systems based on facial recognition technology.” Acuity Market Intelligence is pointing to deployments of biometric passenger processing technology announced this week at three major airports as validation of the market research firm’s predictions about the rise…
Just in time for this year’s Money20/20 event in Las Vegas, Goode Intelligence has issued a new report on the growing prominence of biometric technology in payments, entitled, “Biometrics for Payments; Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023 – Second Edition”. Much of the report’s analysis concerns the same trends outlined in FindBiometrics’…
“Biometric systems with fingerprints, face, voice, behaviour and iris enables a digital identity that makes it more convenient and secure in the daily life.” Stefan K. Persson, CEO, Precise Biometrics Precise Biometrics is moving beyond fingerprint recognition, announcing that it has embraced a new business strategy focused on multi-modal biometric authentication solutions. In a statement…
The risk-based authentication market is in for some substantial growth, according to a new market forecast from MarketsandMarkets. The market research firm predicts that this sector will grow from a value of $2.19 billion this year to $5.41 billion by the year 2023, reflecting a CAGR of 19.8 percent. According to the report, the market…
Samsung is feeling the heat from rival smartphone makers that have pioneered in-display fingerprint scanning this year, and is fast-tracking a new pair of devices to stay competitive in the China market, suggests a new report from SamMobile. Citing a “China-based leakster”, the report says that Samsung’s new devices, called the Galaxy P30 and the…
Businesses are really starting to recognize the importance of protecting customer data, but are still struggling to implement effective digital security technologies, suggests new ForgeRock-sponsored research from Forrester Consulting. The firm conducted its research this past April, polling 400 decision makers across the US, the UK, France, Germany, Australia, Japan, and China. It found that…
Ever since Apple introduced the world to its Face ID facial recognition system with the launch of its iPhone X last autumn, there have been rumors and speculation that Face ID would quickly become Apple’s primary biometric authentication system, at least on the iPhone. And last week, Apple confirmed those rumors, unveiling three new iPhones,…
Juniper Research is predicting the rise of software-based biometric authentication in a new report. Entitled “Mobile Payment Security: Biometric Authentication & Tokenisation 2018-2023,” the forecast predicts that end users of such systems will rise from about 429 million this year to 1.5 billion in 2023. The prediction essentially points to the rise of facial recognition.…
