Report predicts rise of Biometrics-as-a-Service amid sensor market growth

Global biometric sensor shipments are expected to reach 1.9 billion by 2022, a 12.4 percent CAGR from 2015, driven by consumer electronics, mobile payments, digital security, and identity management, according to a report by ABI Research. “Monetizing Biometrics Technology through Silicon-as-a-Service Model” shows increased penetration rates across government, civil, banking, healthcare, and enterprise markets is expected to result in shipments of 31 million non-consumer biometric devices by 2022. ABI predicts biometrics market revenue will increase from $26.6 billion in 2016

Fingerprint payment cards to reach 160m shipments by 2022

ABI Research has published its latest Biometric Technologies and Applications report, which finds that biometric technologies are consistently growing their presence in more banking applications. The report states that embedded fingerprint sensor payment cards are the latest addition finally ready to go public. Fingerprint embedded payment cards will experience a significant growth over the next years reaching 160 million shipments by 2022 with a 5-year CAGR of approximately 400 percent. While the Middle East, Africa and North America will be

ABI Research report forecasts 213M powered payment cards to ship in 2022

ABI Research has published a new analyst report titled “Next-generation Powered Payment Card Technologies”, which forecasts that 213 million powered payment cards will ship in 2022. This number is made up of a combination of DCV cards, biometric sensor cards and other interactive powered payment card form factors, a huge increase from the 260,000 expected to be delivered by the end of 2017. ABI Research explains that payment cards become powered when they take on interactive form factors such as biometric

ABI Research forecasts 95% of smartphones to feature fingerprint sensors by 2022

ABI Research has published its latest biometric technologies market data report which forecasts that fingerprint sensors in smartphones will grow significantly to reach a 95 percent penetration rate of smartphone shipments by 2022. The report finds that this explosive growth will lead to new opportunities for biometric technologies, such as eye recognition, to be used as part of new identification and payment applications for both the banking and governmental markets. “While enterprise markets aggressively adopt vein recognition technologies in physical

Global biometrics market to exceed $10B by 2021: ABI Research

ABI Research has published its “Hot Tech Innovators: Biometrics” report, which forecasts that the biometrics market will exceed $10 billion by 2021. In the report, ABI Research identifies four technologies that innovative and agile startups must incorporate into their solutions to secure significant share in the changing competitive landscape including multifactor authentication (MFA), point-of-sale (PoS), mobile payments, and passive authentication. “Companies can no longer afford to cut corners when it comes to security,” said Dimitrios Pavlakis, industry analyst at ABI

ABI Research forecasts 300M shipments of smartphones with iris scanners in 2021

ABI Research has published new research that forecasts a rise in global shipments of smartphones equipped with iris scanners, reaching almost 300 million in 2021. The findings are a part of ABI Research’s “Human-Machine Interface Attach Rate and Penetration” report, which is included in its Wearables & Devices sector. “As the iris is an unchanging, protected, and completely unique feature of the human body, smartphone vendors are gradually incorporating iris scanning capabilities into their products as a secure biometric identification

ABI Research predicts that chip card vendors will adopt new form factors

ABI Research has released new research that finds that the Chinese and U.S. EMV (Europay-Mastercard-Visa) payment cards markets are experiencing double-digit year-on-year growth, responsible for more than 50% of 2.8 billion EMV cards shipped worldwide. But as the migration phase for these market regions comes to a close, the industry will soon experience a ripple effect driven by a flattening market in China and a dip in U.S. shipments due to overstocking. ABI Research finds the proliferating negative discussions among

Technavio, ABI Research forecast growth in fingerprint VAR, voice recognition markets

Technavio has published new a research report titled ‘Global Fingerprint Biometrics in VAR Market 2016-2020‘, which forecasts the global fingerprint biometrics in value-added reseller (VAR) market will experience a CAGR of more than 11% until 2020. The report provides an in-depth analysis of the global fingerprint biometrics in VAR market during the forecast period of 2016 to 2020, in terms of revenue and emerging trends. “With advances in technology, vendors are introducing 3-D fingerprint identification systems, which make the fingerprint

ABI Research predicts biometrics market to shift focus on banking, consumer electronics

ABI Research predicts that by 2021 the biometrics market will reach $30 billion and redirect its revenue focus away from the governmental sector to embrace opportunities in the consumer and banking sectors. As a result of this new shift in focus, consumer and banking segments will experience 19% and 12% growth rates, respectively. The new research is part of ABI Research’s Biometric Technologies and Applications Service. “After establishing a foundation in smartphones and user authentication, the biometrics market is branching

Biometrics in financial services, facial recognition, border security and fingerprints trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Financial services BMO Financial Group and MasterCard began a phased roll-out this week of a biometric corporate credit card program in Canada and the U.S. that will let cardholders verify online transactions using facial recognition and fingerprint biometrics. The first phase will test the potential of delivering cardholders greater security and convenience, including establishing and improving best practices in corporate environments, developing