Goode Intelligence predicts biometrics will power keyless vehicle entry, more secure payments in 2018

The global biometrics market may experience a brief “plateau” or “dip” in 2018 as “the industry pauses to catch its breath” after four years of strong growth, according to Goode Intelligence. The market research firm’s 2018 Biometric Industry Predictions include more mobile device OEMs following Apple with 3D facial recognition systems, while further innovation in mobile device fingerprint integration to allow larger touchscreens with no physical home button could involve ultrasound or optical fingerprint sensors. Goode says that 2018 could

Goode Intelligence examines biometrics market for the connected car

Goode Intelligence has published a new analyst report forecasting that the biometrics market for the connected car will be valued at $969 million, with a CAGR of 96 percent over the six year period from 2018. In “Biometrics for the Connected Car; Automotive Biometrics Market Analysis & Forecasts 2018-2023”, the market research firm predicts that it will take the market around three to five years to start deploying biometrics in greater volumes for in-car and supporting biometrics on smart mobile

Apple Face ID to impact global mobile biometrics market

Goode Intelligence published a new analyst report that explores the impact of Apple Face ID on the market, as well as forecasts that revenues for mobile & wearable biometric authentication will surpass $14.75 billion by 2022. In its latest “Analyst Report, Mobile & Wearable Biometric Authentication Market Analysis and Forecasts 2017-2022 (fourth edition)”, Goode Intelligence also forecasts that by 2022 over 1.7 billion devices will have integrated biometric hardware and over 2.1 billion biometric software licenses will be sold. “The

Goode Intelligence forecasts mobile & wearable biometrics to surpass $6.2B by 2022

Goode Intelligence published a new analyst report forecasting that revenues for mobile & wearable biometric authentication will surpass $6.2 billion in revenues by 2022. In “Mobile & Wearable Biometric Authentication Market Analysis and Forecasts 2017-2022 (third edition)”, Goode Intelligence also predicts that by 2022 over 3.3 billion users will be benefiting from biometric authentication. Over the six years since Goode Intelligence has covered the market, it has grown significantly year-on-year with mobile biometric authentication becoming a regular security feature in

Biometric trends for 2017

This is a guest post by Alan Goode, Managing Director at Goode Intelligence. Biometrics is one of the hottest topics in technology and cybersecurity markets today. The use of biometrics for user authentication and identity assurance is an essential improvement over usernames and passwords, and innovations in mobile devices, wearables, and other technologies are bringing biometrics to mainstream audiences. ‎ Join me for this webinar, Biometric Trends for 2017, on December 08, 2016, at 11:00am EST, as I discuss with

Biometrics and financial services, smart guns, cybersecurity and facial recognition trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Financial A new report by Juniper Research titled “Top 10 disruptive technologies in fintech: 2016” discusses technologies that will do the most to transform e-commerce this year and topping the list are biometrics, federated identity and tokenisation. The report highlights the use of biometric authentication in both Apple Pay and Samsung Pay and the proliferation of fingerprint readers in smartphones as making

Biometrics in border security and banking, fingerprint technology trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Border security The Government Accountability Office (GAO) is advising the U.S. Department of Homeland Security (DHS) in a new report to reveal a new time frame for implementing a biometric exit system at U.S. airports. The GAO report ultimately finds that DHS had not fulfilled statutory requirements to implement a biometric exit capability and report data on overstays. Gemalto was selected by

Goode Intelligence names five key drivers of biometrics adoption for financial services

Goode Intelligence has published its Biometrics for Financial Services analyst report series, which among other things identifies the top five trends that are driving the adoption of biometrics for financial services. The biometrics for financial services market is growing at an alarming rate, with Goode Intelligence projecting the market to be worth over US$11 billion by 2020. Leading the five key trends is the expectation that biometrics will eventually replace PINs for ATM security in different scenarios, including cardless using

Biometrics research, authentication, border security and fintech trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Research vendors One of the most popular articles this week concerned two new biometrics market reports by leading research vendors Goode Intelligence and Technavio. Goode Intelligence published a new report that predicts that by 2020 over 16 billion mobile biometric payment transactions will be made. Technavio also released a new report on biometrics in workforce management which discusses the key drivers and

New biometrics market reports by Goode Intelligence and Technavio

Two new reports for the biometrics industry were recently released. Mobile biometrics for financial services Goode Intelligence has published a new report, “Mobile Biometrics for Financial Services; Market & Technology Analysis, Adoption Strategies & Forecasts 2015-2020”, which predicts that by 2020 over 16 billion mobile biometric payment transactions will be made. According to the research firm, millions of customers (120 million plus during 2015) are using mobile biometrics daily to provide secure user authentication and transaction authorization. This trend is