KYC and AML costs add up, compliance with biometrics costs less: Ondato
The cost of anti-money-laundering (AML) processes for major European banks averages €14.25 million (US$15.15 million) each year, with each of…
Biometrics Market Reports
Biometrics Research Group Inc. estimates the global biometrics market will grow to US$77.9B by 2026 from its projected 2021 value of US$39.1B.
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.
Cybersecurity concerns for access control rise as biometrics solutions grow
Physical security is “mission critical” for firms according to the 2022 State of Physical Security Report from Canada-based access control…
Vendor says buyers ready for biometrics as threats outpace security
Ninety-two percent of consumers think cybersecurity threats will continue to outpace defensive efforts. Essentially the same number (91 percent) would…
Convenience driving US consumer adoption of face biometrics: report
Over 131 million US nationals utilize face biometrics technologies daily, and almost half of them do so to access three…
Outsources may take more of biometric security costs and complexity
A large majority of U.S.-based IT executives at smaller firms are increasingly working with biometrics, according to a vendor-funded survey,…
Biometric access control market growing with new investments, partnerships
The physical access control system (PACS) market is estimated at $8.1 billion and is expected to expand briskly at a…
Jumping the gun on a new era of security-informed online consumers
Is an era of Zero Trust consumers really dawning? A survey paid for by a digital ID authentication company claims…
Crypto thefts explode; report says users will tolerate ID verification friction to stop it
A survey paid for by a digital ID verification company indicates that at least 70 percent of cryptocurrency users are…
Border biometrics to stay hot through 2027 – market report
Cameras serving as the front end of facial recognition systems and other border surveillance technologies will double in value in…
Cisco report: 81 percent of all smartphones have biometrics enabled
The percentage of phones with built-in biometrics capabilities remained at around 81 percent over the last year, according to Cisco…
