Biometrics to Grow 103% by 2020
5-31-2016
The boom in biometrics is here. Biometric authentication adoption is expected to accelerate by 103% by 2020, according to market research company Technavio.
Analyzing biometrics across various authentication methodologies, the report breaks down and predicts anticipated market values by 2020: fingerprint recognition achieving a value of $12B, voice recognition at $11B, and facial recognition $1B.
The report focuses on key questions such as market trends impacting the growth of the mobile biometrics market, challenges to market-growth, challenges, opportunities and threats in the global market. Access Technavio’s Global Mobile Biometrics 2016-2020 report here.
About ETA
The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $56.75 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.
ETAs membership spans the breadth of the payments industry to include independent sales organizations (ISOs), payments networks, financial institutions, transaction processors, mobile payments products and services, payments technologies, and software providers (ISV) and hardware suppliers. For more information, visit electran.org.
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