Biometrics

[New] Commercialization of biometric bank cards will be the next stop, with BNP Paribas already announcing that its first biometric card will debut in Autumn 2020.
[New] Over the next decade our world will be reshaped by advanced technology, from 5G communications to artificial intelligence, and biometric identities to quantum encryption.
[New] More recently, the Department of Homeland Security unveiled its Biometric Exit plan, which aims to use facial recognition technology on nearly all air travel passengers by 2023, to identify compliance with visa status.
[New] Forbes predicts by 2025, at least 90% of new enterprise apps will embed AI; by 2024, over 50% of user interface interactions will use AI-enabled computer vision, speech, natural language processing, and AR/VR.
[New] Biometric kiosks, e-gates, surveillance cameras and fingerprint, iris and face recognition devices will combine to create total revenues of $3.5 billion by 2025.
Delta airline has confirmed that by the top of 2020, 20 airports will have face recognition to enhance the customer journey.
By 2025, at least 90% of new enterprise applications will embed AI, and over 50% of user interface interactions will use AI-enabled computer vision, speech, and natural language processing.
Deloitte Global predicts that by 2023, over three - quarters of all smartphone owners in developed countries will use some form of biometric authentication, and 80 percent of smartphones will have at least one dedicated biometric sensor, such as a fingerprint reader or a 3-D facial scanner.
By 2023, over $2 trillion of mobile payment transactions could be authenticated by biometric technology.
While several major leaks of biometric data have already occurred globally, the Middle East and Africa regions could see the first attacks in the theft and use of biometric data in 2019.
The use of biometric technology, such as facial recognition, fingerprint ID, and voice biometrics, will rise in 2020.
The Global Computer Vision Market is expected to grow from USD 11,091.56 Million in 2018 to USD 19,398.97 Million by the end of 2025 at a Compound Annual Growth Rate of 8.31%.
Juniper Research pinpointed the use of biometrics, including fingerprint and facial recognition as a notable emerging trend, predicting that mPOS devices that incorporate biometric authentication could comprise 4% of terminals by 2023.
The global market for automotive biometric identification is expected to reach $30 3M by 2024, with a compound annual growth rate of nearly 17%.
Biometric authentication will be used to secure $2.5 trillion in mobile payment transactions by 2024, a tenfold increase from the $228 million forecast for 2019.
Juniper predicts that 80% of smartphones will have some form of biometric hardware by 2023, representing just over 5 billion smartphones.
1.2 billion people are expected to use biometrics for payments on a daily basis in 2020 and that there will be 579 million biometric payment cards in use in 2023.
Goode Intelligence forecasts that over $1.67 trillion of mobile biometric payments will be made annually by 2023 and over $8.7 billion revenue will be generated for suppliers of mobile biometric technology by 2023.
While biometric authentication technology is already being used with smartphones and passport identification in the UK, 2019 and beyond will see endless possibilities for the use of biometric smart cards into payments and beyond.
The value of the biometric market for connected cars will reach $969m (£769m) by 2024, while consultants Frost & Sullivan suggests around a third of new cars in 2025 will feature some form of biometric technology.
Biometrics for financial products and services are expected to represent one third of the total market for biometric solutions in 2020.
The value of the annual market for computer-vision technology will reach $48.6 billion by 2022.

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Last updated: 09 August 2020