Use of automated border control kiosks increases by 71 percent CAGR over four years

The number of digital identification and biometrics-based border control kiosks in use has increased by 71 percent CAGR over the last four years to 2283 kiosks deployed across 71 installations in 59 global ports of entry, according to the latest report by Acuity Market Intelligence. The tally includes Automated Border Control (ABC) Kiosks, Automated Passport Control (APC) Kiosks, and Primary Inspection Kiosks (PIK) at international airports and cruise terminals. “As airports and other ports of entry struggle to keep up

Acuity forecasts one trillion cloud-based biometric transactions by 2022

More than one trillion transactions will be authenticated with biometrics in the cloud by 2022, supported by 5.5 billion biometrically-enabled mobile devices, according to forecasts released Monday by Acuity Market Intelligence in “The Global Biometrics and Mobility Report.” Annual revenues from biometric transactions will grow from $474 million in 2017 to $18 billion in 2022, a CAGR over 100 percent, Acuity forecasts. Biometric app revenue will grow by 26 percent annually, from $9.4 billion to 29 billion during the period,

Acuity Market Intelligence publishes biometrics in the cloud report

Acuity Market Intelligence has published a new whitepaper, “Taming the Authentication Beast: Simplifying and Enhancing the Customer Journey with Biometrics in the Cloud”, which makes a case for the use of cloud biometrics. The whitepaper emphasizes that financial service organizations looking to experience the benefits of the digital revolution to improve security, reduce friction, lower costs, and attract the most desirable customers, will adopt biometric authentication in the cloud as the basis for improving and securing the customer experience. In

Mobile biometrics market to exceed $50.6B in revenue in 2022

Acuity Market Intelligence released a new research report which forecasts annual revenue from the mobile biometrics market will grow at nearly 41 percent CAGR from $6.5 billion in 2016 to $50.6 billion in 2022. The market — which is comprised of biometrics embedded in mobile devices, biometric app downloads, and biometric transactions authentication — will amount to revenues exceeding $193 billion for the total forecast period. “The potential for consumer use of mobile biometrics dwarfs any previous application of biometrics,”

Acuity report forecasts national electronic ID program to surpass $54B from 2016 to 2021

Acuity Market Intelligence released a new research report titled “The Global National eID Industry Report: 2017 Edition“, which forecasts that the global market for national electronic ID (eID) programs will exceed $54 billion in revenues between 2016 to 2021. The report finds that Asia will account for more than 60 percent of all cards issued as the number of countries issuing national eID cards increases from 124 to 136 during the forecast period. Acuity’s report projects that during the forecast

Acuity report shows border security concerns driving biometrics adoption

Acuity Market Intelligence emphasized that ongoing concerns about national security are driving border authorities to continue the adoption of biometric and digital identification based automation, including the deloypment of airport eGates and kiosks. “As the Trump administration doubles down on immigration restrictions and promises of ‘extreme vetting,’ the reality is that biometrics are used to scrutinize millions of international travelers across the globe every day,” said Maxine Most, principal at Acuity Market Intelligence. “Digital identification technology, including biometrics, allow immigration

Acuity reports 2017 to be groundbreaking for biometrics and digital identity

Acuity Market Intelligence has revealed its 2017 ten top trends for biometrics and digital identity, which predicts this year will be groundbreaking for biometrics and digital identity. The research consultancy firm explains that the increased adoption of biometrics and digital identity in 2017 will reflect a new understanding of the potential benefits of these technologies. “Biometrics and digital identity are often perceived as threats to privacy and security,” said Maxine Most, principal of Acuity Market intelligence. “However, taken together these

Global biometric adoption rises as smartphone prices decline

Acuity Market Intelligence published “The Global Biometrics and Mobility Report“, which reveals that the quarterly average price of a biometric smartphone decreased from $849 in Q1 2013 to $276 in Q4 2016. The report states that there are now 120 sub-$150 models on the market at an average price of $116, a significant increase from the 28 biometric models available a year ago at an average price of $127. There are currently 87 handset vendors offering biometric smartphones, with ZTE

Number of biometric smartphones more than doubled in a year: Acuity

Acuity Market Intelligence has published its latest ‘Biometric Smartphone Update’, which reveals that the number of smartphones incorporating fingerprint or eye-based biometrics has doubled since January 2016. The report finds that “87 smartphone vendors have introduced 346 biometric smartphones in the past year,” which brings the total number of biometric smartphone models introduced since 2013 to 549. This figure is more than double the 200 models the market research firm reported in January 2016. In addition, the report finds that

Acuity report forecasts biometric ID credentials to reach one billion a year by 2022

Acuity Market Intelligence has published new research that predicts that by 2022, annual production of biometric “physical” identity credentials will peak at more than one billion a year. These biometric identity credentials — which include ePassports, national identity cards, and driver’s licenses — will eventually be replaced by next generation “virtual” credentials securely stored in mobile devices and accessed via biometric authentication. The research goes on to state that by 2030, today’s standard identity credentials will be completely obsolete. “The