This week in biometrics industry stocks

As the biometrics industry continues to grow and expand Biometric Update is bringing a new focus to some of the stock stories in the sector. Check in with this space each week for a rundown of some of the financial news emerging out of the group of biometrics industry stocks we like to follow. -Well-known financial news site theStreet.com mentioned the firm, Next Biometrics in a story that looked at stocks that jump in “value on news of terrorist attacks.”

Mastercard and Oxford University unveil framework for mobile biometric banking

Despite a strong consensus among consumers and banks that biometrics should replace passwords for access to financial accounts, knowledge gaps are slowing the transition, according to the report “Mobile Biometrics in Financial Services: A Five Factor Framework,” released Tuesday by researchers from Oxford University and Mastercard. Since 93 percent of consumers prefer biometrics to passwords, according to researchers, and 92 percent of banks want to adopt biometric technology, its adoption should be advancing rapidly. Only 13 percent have deployed biometrics,

EyeVerify study finds consumers trust biometrics for mobile banking and payments

EyeVerify Inc. released The Retail Banking Biometrics Confidence Report, which explores consumer preferences and behavior regarding a range of biometrics solutions. The survey of 1,002 U.S. adults revealed that they want more biometrics options for mobile banking and view biometrics as more secure than passwords. Seventy-nine percent of the respondents said they want the opportunity to use more biometric authentication methods beyond the fingerprint (eye, face, fingerprint, and voice) to access mobile banking or payment apps. Additionally, 42 percent said

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

TrendForce forecasts that IR sensors for smartphones market to reach US$145M this year

TrendForce estimates that the infrared (IR) sensor modules for mobile devices global market will reach US$145 million in 2017, driven by the proliferation of high-end smartphones adopting 3D sensing technology. A 3D sensing solution comprises of an RGB camera module, infrared (IR) sensor technology that uses VCSEL (vertical-cavity surface-emitting laser) as a light source. Several upcoming smartphones are expected to feature facial recognition capabilities based on 3D sensing technology, including Apple’s iPhone 8. “Acquiring and processing data of 3D models

TMR report forecasts military biometrics market to reach $10.62B in 2025

Transparency Market Research (TMR) has published a new research report on the global military biometrics market, which forecasts the market will grow at a CAGR of 7.4 percent between 2017 and 2025. At this pace, the global military biometrics market’s valuation is projected to increase from US$5.65 in 2016 to reach US$10.62 billion by the end of 2025. The report emphasizes the highly competitive nature of the global military biometrics market, as several large global players occupy the vendor landscape.

Technavio report finds ePassport market to grow 26% CAGR through 2021

Technavio has published a new research report that finds that the global ePassport market is expected to grow at a CAGR of more than 26 percent during the forecast period. The report, “Global e-Passport Market 2017-2021“, covers the market outlook and growth prospects of the global ePassport market for 2017-2021. According to Technavio, some of the factors contributing to the growing preference for multimodal biometrics such as ePassports include the high adoption rate in applications such as border control, not

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

Report reveals fingerprints dominate global biometrics market

SmartMetric has welcomed a report by French research firm Yale which finds that fingerprint based biometrics dominated the $4.45 billion global biometrics market in 2016 with an estimated 91 percent market share. The study states that the fingerprint biometrics market in 2016 was valued at $4.1 billion. The report also finds that other biometric hardware solutions collectively have an estimated $250 million market share. SmartMetric states that while the $4.1 billion market value for 2016 of fingerprint biometric hardware is

Biometrics Research Group projects $10 billion in mobile biometrics revenue in 2018

Biometrics Research Group, Inc., publisher of BiometricUpdate.com, yesterday released an updated Special Report that provides an overview and synopsis on mobile biometric applications. Mobile biometric applications operate on mobile devices such as smartphones and tablets, with “apps” utilizing embedded software and sensors to make secure use of those devices and apps more convenient. They do so by enabling the owner of a device to use their biometrics to authenticate their identity as an enhancement or alternative to passwords. The report