market forecasts

Global Image Recognition Market to Hit $86 Billion by 2025: Research

Global Image Recognition Market to Hit $86 Billion by 2025: Research

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…

‘Curb to Gate’ Biometric Airport Automation is on the Way: Acuity

‘Curb to Gate’ Biometric Airport Automation is on the Way: Acuity

“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…

Goode Intelligence Market Forecast Charts Rise of Biometric Payments

Goode Intelligence Market Forecast Charts Rise of Biometric Payments

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’…

Report says Risk-based Authentication Market to Hit $5.41B by 2023

Report says Risk-based Authentication Market to Hit $5.41B by 2023

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…

Report Predicts Rise of Face Scanning Mobile Software, and Fall of Fingerprint Sensors

Report Predicts Rise of Face Scanning Mobile Software, and Fall of Fingerprint Sensors

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.…

Biometrics-Powered Airport Automation is Taking Off: Acuity

Biometrics-Powered Airport Automation is Taking Off: Acuity

“The age of seamless international travel has arrived. Integrated, frictionless passenger facilitation is the next wave of biometric automation for expedited travel.”  – Maxine Most, Principal, Acuity Market Intelligence Acuity Market Research is predicting considerable growth for the airport biometrics market over the next few years. Entitled, “The Airport Automated Biometric Facilitation Report: Form Curb to Gate,”…

Biometrics Market on Track to Hit $41.8 Billion by 2023

Biometrics Market on Track to Hit $41.8 Billion by 2023

The biometrics market will grow from a value of $16.8 billion this year to $41.8 billion by 2023, according to a new forecast from MarketsandMarkets. The growth will reflect a CAGR of 19.99 percent for the forecast period. The government sector will be the key driver of the overall market’s growth, according to a report…