December 23, 2014 -
Acuity Market Intelligence forecasts that intensifying demand for smartphones, tablets, and wearable mobile devices that incorporate biometrics will drive a global market of 2.5 billion users with nearly 4.8 billion biometric devices by 2020.
Maxine Most, Principal and lead analyst at Acuity Market Intelligence notes: “The market for biometrically enabled mobile devices will surge over the next five years. Apple’s launch into biometrics and payments will be followed by similar efforts by Samsung and others, and within three years, biometrics will become a standard feature on smart phones as well as other mobile devices.”
“Acuity projects that embedded fingerprint sensors will initially dominate the market becoming standard in smart phones and tablets by 2017, generating more than $1.5 billion in annual revenues,” stated Most. “Emerging biometric sensors that rely on an individuals pulse, skin texture, or other yet unknown metrics will evolve rapidly, especially on wearables. This is in addition to biometric apps, such as facial or eye based recognition, that will leverage the camera or other built-in device features.”
According to Most: “Wearables including smart watches, Google’s re-envisioned Google Glass, along with form factors yet to be seen, will burst onto the market and fundamentally change the way we think about and manage communication, payments, personal transactions, healthcare, and social interaction. All of these devices will include embedded biometrics as well as options to download software-based biometric apps.”
Acuity Market Intelligence specializes in exploring how mobility is driving and reshaping the biometrics marketplace, by creating significant new opportunities, while attracting a new class of market entrants.
The recent vendor will publish a new, comprehensive market forecast entitled “The Global Biometrics and Mobility Report” in January 2015.