Biometrics to Grow 103% by 2020

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.