Biometrics research briefs: North America growth, smart city surveillance, decentralized ID
The biometrics market in North America will grow by an impressive 17.54 percent CAGR from 2019 through 2027, according to a new report from Triton Market Research.
Identity theft problems, as identified by the U.S. Federal Trade Commission, will drive adoption of advanced authentication methods, such as biometrics, according to the 110-page report. Research and development projects in the U.S. have positioned the market well, with a diverse range of applications.
Smart city surveillance to surpass $21B by 2023
The global smart city market is expected to continue robust growth, with Body-worn cameras are expected and gunshot detection technology are expected to join fixed network surveillance infrastructure as the smart city surveillance equipment market leaps from €6.5 billion (US$7.2 billion) in 2018 to €19.5 billion ($21.6 billion) in 2023, a 24.5 percent CAGR, according to a new report from Berg Insight.
Asia-Pacific, and particularly China, accounts for the majority of the market so far. Market leaders noted are Hikvision, Dahua, and Axis for cameras, ShotSpotter for gunshot detection and Axon for body cameras.
The 170-page ‘Smart Cities: Connected Public Spaces’ report includes analysis of smart street lighting, parking, waste collection, and city surveillance segments, and profiles 57 market vendors.
The installed base of smart street lights growing from 10.4 million by the end of 2018 to 31.2 million in 2023, a CAGR of 24.5 percent.
Decentralized identity about to take off
The decentralized identity market around the world is set for “manifold” growth, according to the new ‘Global Decentralized Identity Market− Strategic Analysis and Future Outlook’ report from BIS Research, driven by data breaches and increasing data protection and privacy concerns.
The concept only began receiving consumer attention in 2018, the firm says, but the increased control it provides is quickly growing in popularity. Digital IDs for non-human goods, resources and assets are increasingly in demand, and IoT growth and cybersecurity threats are also identified as key factors contributing to market growth. Blockchain integrations in combination with smart contracts are considered a major market opportunity.
“The decentralized identity market is witnessing a huge demand majorly from the end-user segment due to the considerable level of control it offers to own and manage the respective identity entirely to the user/individual,” writes BIS Research Principle Analyst Paarijaat Sharma in an announcement. “Moreover, an increase in data breaches and cybersecurity threats is significantly creating a strong need for higher security measures and enhanced safety protocols in the enterprise sector. Further, the decentralized identity market in countries such as Canada, the U.S., and Switzerland, among others, is currently among the leading markets for deploying a decentralized identity-based solution.”
Major players identified include Evernym, uPort, and Civic Technologies.
Also on the cybersecurity front, Frost & Sullivan’s ‘Innovations in Artificial Intelligence-, Cloud-, and IoT-based Security,’ which it calls a “Cyber Security TechVision Opportunity Engine (TOE),” is now available at ResearchAndMarkets.com.
Acuity Market Intelligence, meanwhile, has released fresh updates of ‘The Automated Passport Control (APC) Kiosk Deployment List’ and ‘The Automated Biometric Control (ABC) eGate Deployment List.’