market forecasts

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…

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…