First Season of Holiday Shopping with Mobile Biometric Payments Wraps Up With a Present for Biometrics Industry: A Rosy Forecast for More Than 2 Billion Users of 4.8 Billion Mobile Biometric Devices by 2020
DENVER, Dec. 22, 2014 /PRNewswire/ -- The 2014 Holiday Season may be the brightest ever for the biometrics industry as Acuity Market Intelligence reports that the long anticipated floodgates for consumer biometrics may finally be open. Acuity forecasts that intensifying demand for smart phones, tablets, and wearable mobile devices that incorporate biometrics will drive a global market of 2.5 billion users with nearly 4.8 billion biometric devices by 2020.
According to Maxine Most, Acuity Market Intelligence Principal and lead analyst, "The market for biometrically enabled mobile devices will surge over the next five years. Apple's launch into biometrics and payments will be followed by similar efforts by Samsung and others, and within 3 years, biometrics will become a standard feature on smart phones as well as other mobile devices."
Most, a biometric identity and security technology expert, continues "Wearables including smart watches, Google's re-envisioned Google Glass, along with form factors yet to be seen, will burst onto the market and fundamentally change the way we think about and manage communication, payments, personal transactions, healthcare, and social interaction. All of these devices will include embedded biometrics as well as options to download software-based biometric apps."
"Acuity projects that embedded fingerprint sensors will initially dominate the market becoming standard in smart phones and tablets by 2017, generating more than $1.5 billion in annual revenues. Emerging biometric sensors that rely on an individuals pulse, skin texture, or other yet unknown metrics will evolve rapidly, especially on wearables," says Most. "This is in addition to biometric apps, such as facial or eye based recognition, that will leverage the camera or other built-in device features."
For more insight into the mobile biometric marketplace, download Acuity's Mobile Market Briefs at http://www.acuity-mi.com/Mobile_Biometric_Market.php. For a comprehensive view of the marketplace and detailed forecasts, pre-order "The Global Biometrics and Mobility Report" at http://www.acuity-mi.com/GBMR_Report.php. The report will be available in January 2015 and can be ordered now for a 20% discount.
About Acuity Market Intelligence Acuity Market Intelligence (http://www.acuity-mi.com) is an emerging technology strategy and research consultancy with a proven record of accurately anticipating biometric and electronic identity (eID) market trends.
Contact: Acuity Market Intelligence +1 303 449 1897
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/first-season-of-holiday-shopping-with-mobile-biometric-payments-wraps-up-with-a-present-for-biometrics-industry-a-rosy-forecast-for-more-than-2-billion-users-of-48-billion-mobile-biometric-devices-by-2020-300012921.html
SOURCE ACUITY MARKET INTELLIGENCE
Share this article