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Software Industry News

July 3, 2015
 

Next-generation biometrics market to reach $24.4B by 2020: Report

Markets and Markets recently published a 178-page report addressing the next-generation biometrics market, which is expected to undergo a 17.9% CAGR to reach $24.4 billion by 2020. This forecasted growth in the global biometrics market over the next five years can be attributed to numerous drivers, including government initiatives across the world to adopt biometrics systems for the purpose of identification and verification, the introduction of e-passports, and the use of biometrics in criminal identification. As such, the use of