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

Special Report: Mobile Biometrics Applications

This mobile biometrics market report by Biometrics Research Group, Inc. provides an overview of the mobile biometrics market and the elements contributing to its growth towards global ubiquity. The report covers the market for biometric applications on mobile devices as an enhancement or alternative to passwords, which will continue to see enormous growth due to consumer demand for convenient security. This is particularly the case for uses like banking and commerce where security is critical. Other market segments include enterprise

TrendForce forecasts optical sensors used in iris and facial recognition to reach $827M in 2025

LEDinside, a division of TrendForce, recently published its 2017 IR LED/IR Laser and Optical Sensor Market Report, which forecasts that the global market of IR LED and IR laser components used in iris and facial recognition solutions will grow at a CAGR of 24 percent from $145 million in 2017 to $827 million in 2025. “The incorporation of features such as iris recognition and 3D Sensing in smartphones provides a lucrative opportunity for suppliers of IR LED, IR laser and

Grand View Research publishes report on global biometrics technology market

Grand View Research has published a research report focused on the global biometrics technology market, which forecasts that growing concerns over internal and external securities are expected to drive the global biometrics technologies market over the forecast period for 2014 to 2025. The 100-page report states that the increasing use of biometric technologies in government and private sectors for employee identification and attendance will further drive the demand over the next nine years. The high cost of biometrics is one

Insight Partners releases report on mobile biometrics market to 2025

Insight Partners has published the “Mobile Biometrics Market to 2025 – Global Analysis and Forecasts by Components, Authentication Type, Verticals” report, which projects significant growth from 2017 to 2025 due to growing concerns for security and increasing penetration of mobile phones across the world. Mobile biometric technology continues to be a heavily adopted method of accessing mobile devices, with Apple being an early integrator of fingerprint biometric technology with its mobile phones and tablets. Previous to mobile biometric integration, the

New reports on iris biometrics, next generation biometric markets

Persistence Market Research will publish two reports in March focusing on the iris biometrics and next generation biometric markets for the forecast period of 2015 to 2021. In its upcoming “Iris Biometrics Market: Global Industry Analysis and Forecast 2015 – 2021” report, Persistence analysts state that the growth of the iris biometrics market is driven by the rising demand for authentication and extensive support from the government as well as the rising demand for e-passports, criminal identification, and surveillance in

Fingerprint Cards to discuss strategy, trends at Capital Markets Day in December

Fingerprint Cards has arranged for a Capital Markets Day to be held in Stockholm on December 8, 2016 to give further insight to the company’s strategy and business. Guidance for 2017 will be presented at the event along with the following subjects: strategy and guidance; megatrends and future opportunities; trends in Asia; growth opportunities in the US; innovation leadership, and; profitable growth. The Capital Markets Day will be webcasted on the company’s webite and the presentation material from the Capital

Technavio releases global mobile payment security report for 2016-2020

Technavio has released a new report on the global mobile payment security software market, which analyzes key trends expected to affect the market outlook from 2016-2020. In the report, Technavio ICT research analysts identify the top three emerging trends driving the global mobile payment security software market as the introduction of mobile biometrics, the development of multi-factor authentication, and the increased adoption of multimodal biometrics. Technavio lead analyst Amrita Choudhury explains that the increasing occurrences of theft of private financial