Saturday, July 23, 2016

BIOMETRIC AND MOBILE TECH INNOVATION

According to the latest market analysis from Acuity Market Intelligence, the combination of tumultuous world events and the proliferation of innovative, disruptive biometric and mobile technology has created a perfect storm that is driving the evolution of digital identity for commerce, payments, the enterprise, and civil applications.

Acuity projects that 750 million biometric smartphones are in use today, representing more than 30% of the global smartphone installed base. Acuity expects this market to grow to 100% of the 2 billion smartphones shipped annually by 2018 with 100% installed base adoption by 2020. More than 800 million biometrically enabled transactions will be competed annually on mobile devices by 2020 generating nearly $7 billion in annual biometric authentication revenue.

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