News about Recognition.
February 14th, 2017
The global wearable security devices market is expected to reach US$5.74bn by 2021, Technavio research shows. The market will grow between 2017 and 2021 at a compound annual growth rate (CAGR) of “close to 19% during the forecast period,” the company says. “The increased adoption of Internet of Things to manage the physical assets of an organisation is one of the key drivers of the market.”
February 23rd, 2016
ID specialist Morpho is working with Visa to explore payment concepts using new security technologies including biometric recognition. “These technologies will be applied to existing means of payment such as credit or debit cards, mobile, ATMs and point-of-sale terminals,” Morpho says. “Morpho’s collaboration with Visa intends to explore innovative security solutions in response to the strong growth in this market.”
October 5th, 2015
Shipments of fingerprint sensors for smartphones are expected to reach 1bn units by 2020, representing a 17% compound annual growth rate (CAGR), according to ABI Research. “Other biometric modalities like face, voice and eye-based recognition are currently moving out of the fledgling phase and are to be integrated as highly-secure — albeit more expensive — biometric capabilities in smartphone devices with a five-year CAGR revenue growth of 144%,” the company says.