Biometrics research brief: healthcare, payments, scan software
According to Grand View Research, the global healthcare biometric market is expected to reach USD 14.5 billion by 2025. The migration of health system and hospitals to electronic health records (EHR) and computerized physician order entry is expected to propel the demand for healthcare biometrics over the forecast period. In terms of technology, others segments which includes DNA analysis, retina analysis, and ECG analysis are expected to show the fastest growth during the forecast period. In terms of technology, iris recognition is also expected to show lucrative growth owing to its uniqueness as compared to other technologies. The firm notes that North America is expected to dominate the healthcare biometrics market during the forecast period. The Asian Pacific region is expected to show the fastest growth in healthcare biometrics market over the forecast period
Biometric payments in Singapore
A survey conducted by AYTM Market Research, entitled “Biometrics in Payments: Singapore”, found that residents of that country are interested in using the technology to verify identity (97%) and make payments (96%). According to the survey, more than half of the respondents have already used at least one form of biometric authentication including fingerprint recognition (88%), facial recognition (56%), iris scanning (50%) and voice recognition (49%). Among the range of biometric solutions, consumers were most familiar with fingerprint recognition, with 51% of them using it regularly.
Scan software market
According to MarketInsightReports, the global biometric scan software market is expected to register a CAGR of 10.48% between 2018 and 2023. The meteoric rise in demand for smartphones is widely considered one of the primary drivers for the growth of biometric scan software market. Companies, like 3M, NEC, and M2SYS, among others, are offering biometric scan software solutions in mobile gadgets. Failing to safeguard information in these digital assets has resulted in financial losses and irreparable damage critical information in the device.