MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Frost & Sullivan
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Global Biometrics to Reach $45.96 Billion as the Implementation of eGovernance by the Public Sector Rises Finds Frost & Sullivan - Partnerships with technology companies to help biometrics vendors expand capabilities in multiple modalities and create revenue opportunities, finds Frost & Sullivan - Frost.com
Global Biometrics to Reach $45.96 Billion as the Implementation of eGovernance by the Public Sector Rises Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Santa Clara, CA, United States, 2020/03/19 - Partnerships with technology companies to help biometrics vendors expand capabilities in multiple modalities and create revenue opportunities, finds Frost & Sullivan - Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Biometric / Forensic Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The rise of Internet of Things (IoT) and smartphone usage has greatly expanded the market for biometric identity authentication due to the ubiquity of mobile biometrics. Technological advancements and higher biometric spending and implementations in the public sector due to the use of eGovernance are expected to drive the $18.78 billion market toward $45.96 billion in 2024 at a compound annual growth rate of 19.6%.

“Rapid developments in eCommerce, Artificial Intelligence (AI), and blockchain are prompting biometric vendors to constantly innovate and make the most of the market demand for advanced biometrics,” said Nandini Bhattacharya, Industry Manager for Industrial at Frost & Sullivan. “Therefore, there is likely to be a spurt in the number of partnerships between biometric vendors and emerging technology companies.”

Frost & Sullivan’s recent analysis, Global Biometrics Market, Forecast to 2024, examines the key regional and technology trends as well as the growth drivers and restraints that are expected to impact the market. It analyzes the main competitors, their product offerings, and assesses if vendors are ready to go it alone or if they need partnerships to take their businesses to the next level. The study covers fingerprint, face, iris, vein, voice, and other technologies, such as DNA, palm print, hand geometry, signature, and behavioral.

“Investments by governments are a major source of revenue for biometric vendors globally. The rising implementation and adoption of biometric border management, ePassports, and facial surveillance in cross-border applications are expanding the market for biometric technologies, especially fingerprint and face,” noted Bhattacharya. “Regionally, Asia-Pacific will experience the highest growth due to increased government spending on biometric-authorized applications.”

To make the most of the significant growth opportunities, biometric vendors need to:

• Develop behavioral and multimodal biometrics technologies to tap the demand from major commercial applications.
• Engage in partnerships and acquisitions with technology vendors to enhance and adapt their product portfolio in the fast-evolving market.
• Offer Biometric-as-a-Service for both government and commercial applications.
• Enhance their offering to include an AI
• Build an IoT strategy to leverage potential opportunities in the fields of commerce, automotive, and finance.

Global Biometrics Market, Forecast to 2024 is part of Frost & Sullivan’s global Automatic Identification & Security Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan (frost.com) has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Biometrics Market, Forecast to 2024 / K1C5-11

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Biometric / Forensic Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Biometric / Forensic articles,
CATCH Visitors via Your Competitors Announcements!


Global Biometrics to Reach $45.96 Billion as the Implementation of eGovernance by the Public Sector Rises Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Jaylon Brinkley - Frost.com 
210-247-2481 jaylon.brinkley[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Biometric / Forensic via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Biometric / Forensic Most Recent Related Newswires:

Fingerprints Expands its Capacitive Touch Sensor Portfolio to Address the Smallest Form Factors in the Access Control Segment
Global Biometrics Market in Healthcare to Witness a Four-fold Growth, Predicts Frost & Sullivan
IDEX Biometrics and Tongxin Microelectronics Collaboration Results in China UnionPay Certification
Fingerprint Cards Starts Collaboration with On-line Distributor Digi-Key Electronics
IDEX Biometrics and Zwipe Collaborate on Zwipe Pay One Platform
IDEX Biometrics Technology Certified by An Additional Global Payment Network
Infinity Optics Lauded by Frost & Sullivan for Enriching Biometric Authentication Processes with its Novel QuantumCrypt Platform
IDEMIA, Zwipe and IDEX Biometrics Achieve Key Milestone Towards Next Generation Biometric Card Platform
IDEX Biometrics and Partner FEITIAN Technologies Achieve Industry’s First Certification for China UnionPay
Fingerprints and FEITIAN Enter Global Software License and Sensors Volume Agreement for Biometric Cards and Access Devices
Fingerprint Cards Expands Biometric Software for Access Control
IDEX Biometrics’s TrustedBio™ Sensor Selected by a Leading Global Tier 1 Smartcard Manufacturer for Biometric Payment Cards
IDEX Biometrics Set to Drive Down Cost of Biometric Smartcards with New TrustedBio™ Family of Products and Solutions
Herta Security Lauded by Frost & Sullivan for Delivering Cutting-edge, Real-time Facial Recognition and Detection Deployment
IDEX Biometrics has Received its First Production Orders of a Multimillion-dollar Commitment from a Leading Global Provider of Financial Services

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  TransPerfect

Visit  BizJobs.com





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)