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Software Industry News

July 16, 2015

Acuity report predicts mobile biometrics growth to disrupt the global payments market

Acuity Market Intelligence has released “The Global Biometrics and Mobility Report: The Convergence of Commerce and Privacy“, which forecasts that the mobile biometrics market will generate $34.6 billion in annual revenue in 2020. The report finds that this significant growth in the mobile biometrics market will disrupt the global payment market by providing an alternative method of securing and processing mobile transactions. The $34.6 billion in projected annual revenue will include 4.8 billion biometrically-enabled smart mobile devices generating $6.2 billion