Survey shows biometric authentication about to take off among Asian corporations

Nearly a third of all large corporations in Asia believe biometric authentication modalities like fingerprint, face, voice, and iris recognition are far more secure than current practices, and plan to use them in the near future, according to research by East & Partners Asia. The market research firm interviewed 947 chief financial officers and corporate treasurers from the top 1,000 financial institutions across ten major markets in Asia, and found that while only 3.2 percent currently use biometrics, passwords are

Technavio report forecasts global biometrics market in education to grow 26% CAGR from 2017-2021

Technavio has released a new report that forecasts that the global biometrics market in the education sector to grow at a CAGR of more than 26 percent during the forecast 2017-2021. In the report, “Global Biometrics Market in Education Sector 2017-2021”, Technavio covers the market outlook and growth prospects of the global biometrics market in the education sector for 2017-2021. Technavio further segments the market into three types, including fingerprinting technology, iris recognition technology, and facial recognition technology. Fingerprinting technology

Mobile biometrics market to exceed $50.6B in revenue in 2022

Acuity Market Intelligence released a new research report which forecasts annual revenue from the mobile biometrics market will grow at nearly 41 percent CAGR from $6.5 billion in 2016 to $50.6 billion in 2022. The market — which is comprised of biometrics embedded in mobile devices, biometric app downloads, and biometric transactions authentication — will amount to revenues exceeding $193 billion for the total forecast period. “The potential for consumer use of mobile biometrics dwarfs any previous application of biometrics,”

BIS Research report forecasts fingerprint market to reach $12.82B by 2023

BIS Research has published a new research report titled “Global Fingerprint Sensors Market, Analysis & Forecast, 2017 – 2023“, which forecasts the global fingerprint sensors market to grow at 15.7 percent CAGR to reach $12.82 billion by 2023. The growth of the global fingerprint authentication and identification market has been driven by the pursuit for a safe and secure ecosystem where there are no fraudulent multiple identities, identity fraud, security breaches, and a threat to digital assets. The report said

Technavio report examines multi-factor authentication market trends for 2017-2021

Technavio has published a new research report on the global multi-factor authentication market which analyzes key trends expected to impact the market outlook from 2017-2021. The report forecasts that the market will grow at a CAGR of nearly 23 percent during the forecast period. Enterprises are adopting safe and secure authentication services that allow only an authorized person to access their information. “Multi-factor authentication solutions are gaining prominence in organizations to monitor people from gaining unauthorized access to critical data and tampering

Global healthcare biometrics market to surpass $2.8B by 2022

Market Research Engine released a new research report that forecasts that the global healthcare biometrics market will undergo a CAGR of 19.2 percent from 2016 to 2022 to exceed more than US$2.8B by 2022. The research report details the driving factors of the global healthcare biometrics market as increased financial profits, providing a practical option to passwords, decreased healthcare fraud attacks, governments supporting the adoption of biometrics in healthcare, and developing countries being integrated by biometric solutions in healthcare set-ups.

Study finds Americans support biometrics-based payment systems

Viewpost released the results of a new survey covering American consumers’ perceptions about “futuristic” payments technologies and currencies, including biometric solutions such as fingerprinting, facial recognition, retinal scanning and voice control. After surveying 1,000 U.S. consumers, Viewpost found that 80 percent of Americans are in support of biometrics-enabled payments technologies and currencies. The study found that 52 percent of respondents believe that payments between companies and customers will be exchanged via mobile app in the future. Based on the survey

Technavio report forecasts fingerprint market to grow 12% CAGR from 2017-2021

Technavio recently released new research that forecasts the fingerprint biometrics market will grow at a CAGR of nearly 12 percent from 2017 to 2021, driven by the growing need for secure authentication, especially in government projects. Titled ‘Global Fingerprint Biometrics Market 2017-2021’, Technavio’s analysts categorize the global fingerprint biometrics market into six major segments by end user, including government, transit, healthcare, BFSI, retail, and others. The report states that the top three revenue-generating end-user segments for the global finger biometrics

TMR report forecasts growth in facial recognition market to meet security needs

Transparency Market Research has published a new report titled “Facial Recognition Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” which details the growing number of applications of facial recognition technology in visual surveillance systems and to corroborate other biometric systems in meeting a range of security needs. The report states how the rapidly emerging real-life applications of facial recognition technology in various areas related to public security is constantly driving growth of the facial recognition

Digital payments will boost demand for mobile biometric security

Transparency Market Research has published a new research report that shows that the global mobile biometric security and services market has made consistent progress in the last few years due to the increasing demand for smartphones and the rising acknowledgment of the benefits presented by biometric technology. “Mobile Biometric Security and Services Market: Professional Market Research Report and Forecasts, 2017 – 2025” finds that the main driver for the demand from the mobile biometric security and services market is the