Zwipe publishes report on biometric authentication solutions for payments

Zwipe has released a report on biometric authentication solutions for payments. The report is based upon market research features interviews with 15 leading international experts from academia, financial institutions and solution providers. Zwipe is a Norwegian-based biometric technology firm that is focused on developing and commercializing secure, fast and easy-to-use biometric authentication solutions in three key areas: payments, access control and identification. Zwipe’s report, targeted at industry players, aims to highlight developments in payment biometrics, specifically focused on trends driving

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

Biometrics industry stocks this week

As the biometrics 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 week for a rundown of the financial news and interesting ideas from the week that was. Swedish biometrics firm Fingerprint Cards AB recently issued a notice addressing market rumors. Some market participants had, apparently, been speculating about the possibility the company was preparing for a possible takeover bid. The company had

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

Eurosmart forecasts secure element shipments to pass 10 billion in 2018

The secure element market will grow by 3.3 percent in 2017, and surpass 10 billion shipments in 2018, Eurosmart announced this week in its annual market forecast. Evolving technology is resulting in new form factors, markets, and use cases for secure elements, according to the announcement, and Eurosmart certifications also evolve to maintain convenience and security for organizations and individuals. “Apple created momentum making biometrics just ‘cool,’” said Mouille. “Users favour biometrics over PIN and password for commercial applications since

Global biometric sensor market to surpass $1.8 billion by 2024: report

The global biometric sensor market will grow at a CAGR of 9.7 percent from 2016 through 2024 to reach $1,820 million, according to a report released by Variant Market Research. The market is driven by innovations which make sensors light weight and compact, as well as the rising adoption of fingerprint identification for tablets, smartphones, and other devices, according to Variant. While the firm warns that a lack of skilled trainers may hamper market growth, increasing adoption of fingerprint scanning

Credence Research forecasts biometrics in healthcare market growth

The global healthcare biometrics market will grow at a CAGR of 22.9 percent to surpass $13.9 million in revenue in 2025, according to a new report from Credence Research. “Healthcare Biometrics Market – Growth, Future Prospects, and Competitive Analysis, 2017-2025” examines staff and patient identification solutions, and predicts that home and remote patient care, care provider authentication, patient tracking within healthcare facilities and prescription dispensing will be the key areas of demand during the forecast period. Demand is increasing for

Technavio report forecasts iris recognition market growth over 20 percent through 2021

Technavio expects the global iris recognition market to grow at a CAGR of nearly 21 percent through 2021, according to research released Monday. The report, “Global Iris Recognition Market 2017-2021,” provides analysis of the market segments, regions, revenues, and emerging trends, and divides the market by categories of government, healthcare, and transportation. Iris recognition technology was widely accepted in government use in 2016, according to the report. “The need to track employees and government initiatives such as e-passports, border control

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

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