Global biometrics market to hit $14.9bn by 2024

News in brief

News in brief

The global biometrics market will increase from US$2bn in 2015 to $14.9bn by 2024, with cumulative revenue for the 10-year period reaching $67.8bn, market intelligence firm Tractica forecasts. “Biometric modalities that are likely to generate the most revenue include fingerprint, iris image and voice recognition,” the company says. “Key use cases include consumer device authentication, mobile banking, ATMs, government IT systems, POS transactions, pharmacy dispensing and wearable device authentication.”

Filed by This email address is being protected from spambots. You need JavaScript enabled to view it. nfcworld.com Published 15 May 2015, 12:45 • Last updated 15 May 2015, 12:32