industry trends

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…

The Far-Field Voice Recognition Market is About to Skyrocket

The Far-Field Voice Recognition Market is About to Skyrocket

A new report from MarketsandMarkets suggests that the demand for far-field voice recognition tech will skyrocket in the next few years. The market is expected to jump from $969 million in 2018 to $3.5 billion by 2024 thanks to the rising popularity of smart speakers, smart TVs, and an ever-expanding range of other smart devices. North America…

Samsung Extends In-Display Fingerprint Scanning to Mid-Range Line

Samsung Extends In-Display Fingerprint Scanning to Mid-Range Line

Samsung is bringing in-display fingerprint scanning to at least one mid-range smartphone, signalling that this could become a mainstay feature in the company’s overall mobile lineup. The newly-announced Galaxy A70 smartphone (pictured above) echoes the recent flagship Galaxy S10 in some other ways, too. There’s a strong focus on imaging, with the A70 sporting a…

GSMA China Report Projects Major 5G Expansion

GSMA China Report Projects Major 5G Expansion

The GSMA has released the findings of its first Mobile Economy report on China, revealing that the mobile industry was responsible for 5.5 percent of the country’s GDP in 2018. The industry generated $750 billion in value, all while supporting 8.5 million jobs and adding $84 billion in tax revenue to the country’s coffers.   …

Report Shows Mobile Wallet Usage Rates will Continue to Rise Through 2020

Report Shows Mobile Wallet Usage Rates will Continue to Rise Through 2020

The growth of mobile wallets doesn’t look like it’s likely to slow down anytime soon. That’s according to new research from Germany’s yStats.com, which indicates that the usage rates for Apple Pay, Samsung Pay, and Google Pay will continue to rise through 2020. Apple Pay was the most popular of the three, and is expected…

GSMA: Mobile Tech is Driving Economic Development in Tanzania

GSMA: Mobile Tech is Driving Economic Development in Tanzania

Mobile technology is playing a vital role in the ongoing economic development of Tanzania. A new GSMA report found that the country’s mobile operators generated $2.5 billion in value in 2016 alone, a figure that represents 5.2 percent of the country’s GDP. The mobile industry also creates jobs for around 1.5 million Tanzanian people, which…

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