Biometrics research briefs: China, airports, cybersecurity
China driving smartphone biometrics
Juniper Research notes that China, whose urban areas have been early adopters of mobile payments, will continue to drive smartphone biometrics.
The market research says that China is set to become leader with more than US$1.2 trillion transacted through biometrics in 2023, constitute 42.3 percent of overall global market value. Because local technology providers dominate China, the international market may be the only option for other tech companies in the space.
Airport automated biometric facilitation
Acuity Market Intelligence predicts the global market for airport automated biometric facilitation will be worth US$1.3 billion in revenue over the next five years as more than 16,300 eGates and kiosks are deployed for automated check-in, auto bag drop, passport control, security checkpoints, and boarding.
The firm projects a stunning 20 percent compound annual growth rate (CAGR) in annual revenue from airport biometric automation, as it rises from US$156 million in 2018 to US$389 million in 2022.
More than 80 countries currently have a combined 5,500 automated border control (ABC) eGates, ABC kiosks, automated passport control (APC) kiosks, automated immigration check-in (AIC) kiosks, auto bag drop (ABD) units, and automated boarding (AIB) eGates deployed at more than 300 locations. Dozens of additional airports are expected to deploy these kinds of units, tripling their number by 2020.
Europe currently dominates the global market, but the market itself will shift towards total Asian domination by 2030.
Juniper Research predicts 146 billion digital records will be stolen by 2023. This will represent a 175 percent increase in identity theft, from 12 billion records more records stolen in 2018 to 33 billion records in 2023.
Despite making up 99 percent of businesses, small businesses represent only 13 percent of cybersecurity market spending in 2018, with an average of only US$500 a year being spent, and many companies using consumer-grade products. Those that digitize will be vulnerable to newer forms of malware if they have only endpoint protection, Juniper warns.
The research firm also notes that the disparate range of institutions and regulations dealing with data from national and international consumers and businesses in the U.S. will make the country an even more prominent target over the next five years, with more than half of all data breaches expected to occur there by 2023.