market trends

Mobile Payments Continue to Climb as Biometrics Boom Continues: Goode

Mobile Payments Continue to Climb as Biometrics Boom Continues: Goode

“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…

‘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…

Chinese AI Startups Overtake US Firms in VC Backing: Report

Chinese AI Startups Overtake US Firms in VC Backing: Report

Chinese AI startups have now overtaken their American counterparts in attracting investment, according to a new report from ABI Research. The report asserts that China-based AI firms raised $5 billion in venture capital in 2017, compared to $4.4 billion raised by firms in the US. Notably, the Chinese firms raised $4.9 billion from 19 investments,…

Major Growth Coming for Voice and Speech Recognition Market

Major Growth Coming for Voice and Speech Recognition Market

“Clinical documentation in the healthcare market will be a leading driver going forward, Tractica says – good news for companies like Nuance Communications, which is already gaining a foothold with its Dragon Medical platform. “ Tractica is predicting some major growth for the voice and speech recognition market over the next several years. The market…

Apple Pay Has 252 Million Users And Counting: Loup Ventures

Apple Pay Has 252 Million Users And Counting: Loup Ventures

About 31 percent of active iPhone users are also using Apple Pay, Apple’s biometrically secured digital payments platform, according to a new estimate from Loup Ventures. And the firm predicts this number will rise substantially. In a new post on its website, the investment firm says Apple will lead the charge for digital wallets more…

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…

BRIEF: The Face ID Effect

BRIEF: The Face ID Effect

When Apple revealed its Face ID system for user authentication with its launch of the iPhone X last autumn, many wondered whether the mobile industry would shift away from fingerprint recognition and to facial recognition for user authentication. Several months later, it’s not clear that fingerprint recognition is going anywhere – that technology is still…