Biometrics changing the way governments address data security, privacy

Accenture has published a new research report that finds that biometrics and advanced analytics are helping to revolutionize the way governments and public service agencies are addressing data security and privacy concerns. Titled ‘Emerging Technologies in Public Service’, the report explores the adoption of emerging technologies across government agencies including health and social services, policing/justice, revenue, border services, administration and pensions / social security. The report is based on Accenture’s survey of nearly 800 public service technology professionals across nine

Biometrics Research Group releases report on policing

Biometrics in policing will constitute half of the industry’s market share by the end of this decade, according to a new Biometrics in Law Enforcement (PDF) report published by the Biometrics Research Group Inc., the publisher of BiometricUpdate.com. Biometrics Research Group Inc. projects that the total global biometrics market will grow to US$35.5 billion by 2020 from its 2015 value of US$15 billion. The research vendor approximates that more than half of this 2020 spending, equaling US$18 billion, will be

Special Report: Biometrics in Law Enforcement

This white paper by Biometrics Research Group, Inc. provides an overview of the law enforcement biometrics market (PDF). click to download the report (PDF) Law enforcement biometrics refers to applications of biometric systems which aids policing. Biometrics Research Group Inc. projects that the global law enforcement biometrics market will grow to US$18 billion by 2020 from its 2015 value of US$7.5 billion. The law enforcement market includes the use of biometrics to identify or verify the identity of individuals who

Global facial recognition market forecasted to grow 23% CAGR through 2021

Technavio has published new research in which analysts forecast the global facial recognition market to grow at a CAGR of nearly 23 percent from 2017 to 2021. The research report provides a detailed industry analysis based on the technology (3D and 2D facial recognition), application (identification and verification), end-user (government, transportation, and BFSI), and geography (North America, Europe, APAC, MEA, and South America). Technavio analysts highlight three major growth drivers of the global facial recognition market including increasing instances of

Biometric access control market to grow 25% CAGR from 2017-2021

S&P Consulting published a new report that forecasts that biometric access control systems will undergo more than a 25 percent CAGR in the residential security sector from 2017-2021 to ensure secure access to homeowners and avoid unauthorized access to third-parties. The report on the global biometric access control systems market examines the key trends and dynamics impacting the development of the market, including the restraints, drivers, and opportunities. In addition, the report uses several analysis tools such as Porter’s five

Persistence to release biometric palm scanner market report

Persistence Market Research will release a new report in September titled “Biometric Palm Scanner Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025” Persistence analysts emphasize that one of palm scanner technology’s most important features is that the accuracy in scanning the palm is unaffected by external injuries on the palm, burns or other skin problems because palm vein pattern is subcutaneous and therefore unaffected by external injuries. The report states that the demand for palm

This week in biometrics industry stocks

As the biometric industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. The data chain between Nasdaq and several media outlets was accidentally fed incorrect data on July 4th. For a while the data feed to several major websites suggested shares of tech stocks such as Amazon

Technavio forecasts global biometric PoS terminals to grow 28% CAGR through 2021

Technavio has published a new research market report that forecasts that the global biometric PoS terminals market will grow at a CAGR of nearly 28 percent from 2017 to 2021. The report lists facial recognition, fingerprint identification, iris recognition, palm vein identification, retina recognition, and voice recognition as the six major segments based on technology. According to Technavio, fingerprint identification dominated the market in 2016 with a revenue share of 85 percent. “The biometric POS terminals market will grow at

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,