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

Automated security eGate market to grow 9% CAGR from 2017-2021

Technavio has published its latest market research report on the global automated security e-gate market, which examines key trends expected to impact the market outlook from 2017-2021. Titled “Global Automated Security E-gate Market 2017-2021“, the report forecasts the global automated security e-gate market to grow at a CAGR of close to 9 percent during the forecast period. Countries like the US and those in the European Union (EU) have comprehensive policies for reinforcing border security. Meanwhile, emerging economies such as

Mobile biometrics market to grow 79% CAGR to 2021

Technavio has published a new market research report that forecasts that the global mobile biometrics market will grow at a CAGR of more than 79 percent from 2017 to 2021. The report, ‘Global Mobile Biometrics Market 2017-2021’, provides an in-depth analysis of the market in terms of revenue and emerging market trends, including up to date analysis and forecasts for various market segments and all geographical regions. “Various sectors, such as healthcare and defense, and enterprises are increasingly using the mobile

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

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 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

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

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

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

Technavio report forecasts global automotive biometric market 2017-2021

Technavio published a new report titled “Global Biometric Market in the Automotive Sector, 2017-2021”, which forecasts that the market will grow steadily during the next four years and see a CAGR increase of more than 19 percent by 2021. The report states that one of the main growth drivers of the market is the vulnerability in existing keyless entry systems in which criminals use hacking devices to break into vehicles. To combat this, automotive original equipment manufacturers (OEMs), suppliers, and