Information and Technology

Authentication and identification methods have evolved over the past few years, from authentication documents and PIN to next-generation biometrics that uses a combination of hardware and soft based methods that identify biological characteristics like fingerprints, signature, iris, retina, face, voice, palm, and DNA. Evidently, next-generation biometric systems have enhanced security to many organizations worldwide and have reduced security breaches, financial frauds, and illegal immigration. According to Market Research Future (MRFR), the next-generation biometrics is anticipated to reach USD 32 billion at an 18% CAGR by 2023. The market is estimated to show staggering growth over the forecast period due to the growing awareness about its benefits such as privacy, security, uniformity, interoperability, ease of use, and accuracy, and the increasing adoption of next-gen biometric systems in e-commerce industry, travel & immigration industry, and cloud computing industry, which is ...

Market Research Future (MRFR) has released a new market intelligence report on the global next generation biometrics market. The report provides readers with a clear view into the global next generation biometrics market’s probable growth trajectory over the forecast period from 2017 to 2023 based on a detailed study of the market’s historical growth trajectory and key factors affecting the market growth. The global next generation biometrics market is expected to exhibit a strong 18% CAGR over the forecast period from 2017 to 2023, rising to a valuation of USD 32 billion. Next generation biometrics are used for identification and access control in a number of varied industries. Biometrics utilize unique body markers such as fingerprints or iris patterns instead of physical objects such as cards or codes to identify individuals. This makes them inherently more secure than conventional security apparatus, as biomarkers are much harder to copy and misuse than other methods of access con...