market forecasts

Grand View Forecasts $1.99 Billion Anti-Money Laundering Market

Grand View Forecasts $1.99 Billion Anti-Money Laundering Market

A new report from Grand View Research predicts that the market for Anti-Money Laundering (AML) technology will hit $1.99 billion by 2025, growing from $857.2 million in 2018 with a CAGR of 13.6 percent. The market is expected to grow as various organizations look to clamp down on the threat of financial crime and keep up…

TMR: Home Automation Market Will Be Much Bigger than Previously Expected

TMR: Home Automation Market Will Be Much Bigger than Previously Expected

Home automation market will hit $116.26 billion by 2026 Transparency Market Research (TMR) has released a new report that forecasts major growth for the home automation market. The report predicts that the market will hit $116.26 billion by 2026, with a CAGR of 6.8 percent over the forecast period. The $116 billion figure represents a…

Transparency Market Research Forecasts Big Growth for IDaaS Market

Transparency Market Research Forecasts Big Growth for IDaaS Market

A new report from Transparency Market Research (TMR) predicts that the Identity-as-a-Service (IDaaS) market will hit $26.2 billion by 2027, with a CAGR of 26 percent during that period. The increasing demand for authentication and document verification technology is expected to fuel much of that growth as technology allows for the creation of more secure…

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…

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…

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…

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…

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…

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…

Juniper Research Goes Bearish on mPayments in New Report

Juniper Research Goes Bearish on mPayments in New Report

“The window of opportunity in the US for mobile payment providers like Apple Pay and Google Pay is closing fast,” writes Juniper Research in a new report on the mPayments market. Assessing the results of a survey of over a thousand smartphone users across the US and the UK, Juniper Research finds dismaying trends for…

Research: Behavioral Biometrics Market  on Track to Hit $3.9 Billion by 2025

Research: Behavioral Biometrics Market on Track to Hit $3.9 Billion by 2025

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.…

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…

Pages
  • 1
  • 2