Biometrics segment largest in AIDC market projected at over $100B by 2025
Biometrics made up the largest share of the global market for automatic identification and data capture (AIDC) technologies in 2020,…
Biometrics Market Reports
Biometrics Research Group Inc. estimates the global biometrics market will grow to US$55.5 billion by 2025 from its projected 2020 value of US$35.5 billion.
Ongoing coverage of market analysis, research and forecasts for the biometrics industry. In addition to market research on the general biometrics and digital ID industries, coverage ranges from individual modalities and market segments to related hardware segments like cameras and applications such as mobile payments.
Government biometrics initiatives to boost $18B market growth
Market research company Technavio announced a major boost to the biometrics market due to increased government initiatives. According to its…
Biometric systems market to grow by over $30B in next five years, report says
The global market for biometric systems will nearly double to be worth $68.6 billion in 2025, up from an estimated…
Biometrics to lead identity verification market growth to $15.8B by 2025
The identity verification market is forecast to more than double from $7.6 billion in 2020 to $15.8 billion in 2025,…
Biometrics to fuel smart home market growth of $127B by 2027
Rapid development of advanced technologies like biometrics is fueling the growth of the global smart home market. Verified Market Research…
Biometrics to drive robust growth in digital door lock and smart doorbell markets
Both the digital door lock system and the smart doorbell market are going to be experiencing substantial growth over the…
Facial recognition market to grow at 12 percent CAGR to 2024, Technavio forecasts
A new report by market research company Technavio has estimated a 12 percent compound annual growth in the facial recognition…
Global fingerprint biometrics revenues drop 22 percent in 2020, says ABI Research
Global biometric device revenues are expected to drop 22 percent to US$6.6 billion before the end of the year, according…
Global biometrics market forecast to surpass $82B by 2027 despite pandemic
The global biometrics market is forecast to reach $82.8 billion by 2027, growing at a 19.3 percent CAGR from an…
Nigeria’s data protection service market to gross $100M by 2023 – Report
It has been estimated that the data protection services market of Africa’s most populous nation, Nigeria, will hit the US$100…
