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 global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $6 trillion in purchases in the US and deploying payments innovations to merchants and consumers. Learn more: www.electran.org.
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