The Prism Project’s Flagship Report predicts over $315 billion in global biometric digital identity revenue by 2028, driven by 250+ evaluated industry players. Biometrics play a crucial role in combating fraud, enhancing user experiences, and streamlining operations. The report emphasizes the need for advanced identity solutions amid growing digital threats. The Prism Project’s recent Flagship…
The Contactless Biometrics Market is set to rise from USD 19.12 Billion in 2023 to USD 70.48 Billion by 2032, driven by security concerns and technological innovations. Key players include Aware and NEC Corporation. The sector is segmented by technology and application, with North America leading in market share while Asia Pacific shows rapid growth….
Identity security is evolving towards phishing-resistant authentication and integrated cloud-based management solutions. Key trends include greater reliance on passkeys and the growing significance of zero-trust frameworks. As threats targeting identities increase, organizations must adopt advanced security measures, leverage AI, and address challenges with legacy systems and standardization. Identity security is expected to evolve significantly, with…
Paravision secured a top five position in the NIST FRTE 1:N test with its upcoming 7th Generation Face Recognition technology, excelling in the visa-border scenario. It has consistently ranked highly in previous evaluations, marking it as a leading vendor in facial recognition. The company’s performance is underpinned by a commitment to continuous innovation and adaptability…
The biometric authentication identification market is expected to grow significantly from 2024 to 2032, driven by technological innovations and sustainability efforts. North America remains a key player due to high technology adoption, with Europe also projected to grow. Success in this market requires businesses to balance agility and focus on sustainable practices, fostering innovation to…
Innovatrics’ updated algorithm for latent fingerprint identification has achieved rank 1 in the NIST ELFT, recording a 98.2% hit rate. It excelled in the FBI-provided dataset, demonstrating low FNIR and FPIR rates. The algorithm also delivered top accuracy against the DoD’s largest dataset. Matus Kapusta praised the achievement as a testament to Innovatrics’ commitment to…
AI advancements are facilitating identity fraud, particularly through deepfake selfies that fool biometric security systems. A report reveals significant fraud increases in social media, making it essential for organizations to adopt behavior-based detection methods rather than relying on traditional verification alone. The shift highlights the urgent need for enhanced security practices. Recent findings from AU10TIX…
The global biometric sensor market is anticipated to grow from USD 1.80 billion in 2023 to USD 6.10 billion by 2032, with a CAGR of 14.59%. Key factors driving this growth include increasing security needs, innovation in biometric technology, and wider adoption across sectors such as finance, healthcare, and travel. The trend is highlighted by…
The U.S. Customs and Border Protection (CBP) is expanding iris recognition use, guided by Iris ID, focusing on improving border security and efficiency. Iris biometrics offer advantages in reliability and accuracy, with aims for 100% integration at checkpoints. Though more privacy-friendly than facial recognition, concerns about data misuse loom as technology adoption increases. The U.S….
The biometric payment market is set to grow from USD 8.6 billion in 2023 to USD 34.8 billion by 2032, with a CAGR of 16.84%. This growth is attributed to increasing security concerns and consumer preference for seamless transactions powered by technologies like fingerprint and facial recognition. Leading players, including Apple and Mastercard, are spearheading…
