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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