FB pixel

IDC report projects AR/VR trend to boost biometrics spending in Europe

IDC report projects AR/VR trend to boost biometrics spending in Europe

A study by market intelligence and advisory services organization, International Data Corporation (IDC), suggests there will be increased spending by European companies in biometric systems throughout 2022 and further, with the trend expected to continue till 2026 triggering an estimated spend of $6.1 billion by then.

The report is titled ‘European Human Augmentation Forecast, 2021-2026: How AR/VR biometrics, wearables and other augmentation techs will elevate human skills and transform business.’

IDC says the spending this year alone will be at around $3.3 billion, an increase of 20 percent from last year’ figures.

This is being driven by a number of factors including the desire by companies to improve employee experience, improve workplace access control management, as well as staff management, it mentions.

Biometrics deployments will also see an increase in 2023, despite challenges facing the use of the technology, such as data protection and privacy issues, the study also finds. That year, the topmost use cases for the technology will include security, automated employee management, access control, employee authentication for data access, as well as employee time and attendance management, according to IDC.

Biometrics in the financial industry will also see vast deployments as companies will be looking to enhance physical and system security strategies and also compliance with regulatory requirements.

The IDC study figures that many companies will go more for fingerprint, face and voice biometrics authentication and verification systems, and tech solutions based on these biometric identifiers will be the most sought-after.

However, a small number of companies will prefer systems based on gait analysis, keystroke dynamics, hand geometry, or iris scanning, which IDC presents as biometric modalities suitable for particular settings and purposes.

“Workplaces are transforming, and focusing on biometrics solutions that drive innovation, employee experience, and facility security will be key to ensure European businesses run smoothly,” said Andrea Minonne, research manager and lead of Human Augmentation Research at IDC. “The COVID-19 pandemic and the Russia-Ukraine war have bypassed security concerns and have highlighted how biometrics can deliver extraordinary outcomes and bring positive impacts on business and society.”

The IDC says the human augmentation market, which the report studies for the period 2021-2026, includes technologies such as augmented and virtual reality (AR/VR), exoskeletons, biometrics, wearables, affective computing, brain computer interfaces, smart home, and medical devices including ingestible, injectable, and implantable devices.

The IDC findings come at a time when there are emerging developments around the European Union AI Act, which seeks to set new guidelines on the development and deployment of AI technologies, including biometrics such as facial recognition.

Article Topics

 |   |   |   |   |   |   |   |   | 

Latest Biometrics News


Maryland bill on police use of facial recognition is ‘strongest law in the nation’

Maryland has passed one of the more stringent laws governing the use of facial recognition technology by law enforcement in…


Immigrant and civil rights groups urge govt to ban own use of FRT, limit private use

Rights groups continue to call on the U.S. government to limit governmental use of facial recognition technology. Digital rights group…


Kenya raises issuance targets for digital IDs and passports

Everything being equal, Kenya plans to issue at least three million digital national IDs and one million biometric passports before…


IOM and Japan back biometrics at Sri Lanka ports of entry

Biometric technology use continues to grow at airports around the world. Air transport industry IT provider SITA predicts that by…


Kuwait fingerprints 2M as biometric data registration deadline nears

Kuwait is finalizing its program of collecting fingerprints for the country’s central biometric database as the June deadline for completion….


Xperix OCR software deployed for Brazil border control in deal with Akiyama Group

South Korea-based biometrics provider Xperix Inc. has announced the successful integration of its RealPass-N Optical Character Recognition (OCR) algorithm and…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events