Biometrics in The Cloud to Authenticate More Than One Trillion Transactions Annually by 2022

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Acuity Market Intelligence forecasts that by 2022, some-more than 5.5 billion biometrically-enabled mobile inclination will emanate a tellurian height that supports one trillion Cloud-based biometric exchange annually. Acuity expects Cloud-based biometric solutions to expostulate a mobile biometric marketplace to $50.6 billion in annual income by 2022.

“Biometric have turn a mainstream preference for unlocking smartphones and verifying on-device transactions,” according to Maxine Most, Acuity’s Principal and lead analyst. “But a marketplace is elaborating towards a hierarchy of integrated biometric authentication methods that operation from elementary device-based corroboration to third-party biometric Cloud, or server-side, solutions. These solutions will reinstate normal digital temperament schemes and yield some-more secure and arguable temperament declaration on a tellurian scale.”

Acuity projects annual biometric transaction income will boost from $474 million in 2017 to $18 billion in 2022 surpassing a 100% CAGR. Biometric app income will grow during 26% during this duration as income increases from $9.4 billion to $29 billion annually. Mobile biometric transaction volume is foresee to strech 1.4 trillion annually in 2022 – some-more than 70% cloud formed – as biometric app downloads surpass 16.7 billion that year.

“Pushing biometrics to ‘the edge’ of a mobile ecosystem with device-based authentication improves a mobile experience, though with limitations,” says Most, a biometric temperament consultant with scarcely twenty years of complete concentration on this now burgeoning marketplace. “The large boon comes from Cloud, or server-side biometrics, that facilitate authentication and revoke attrition while joining an particular to a device and height eccentric Unique Verifiable Identity (UVI).”

Acuity’s Maxine Most shares discernment into a elaborating Cloud biometrics marketplace during a “Digital Identity in a Era of Cloud Biometrics” webinar presented by findBIOMETRICS on Wed, Dec 6, during 11 ET. Register during https://tinyurl.com/ycap9xjs.

Acuity creates a box for Cloud biometrics in “Taming a Authentication Beast: Simplifying and Enhancing a Customer Journey with Biometrics in a Cloud.” Download a whitepaper during www.acuity-mi.com/CloudFS.php.

For minute forecasts and research of a mobile biometric market, preview and squeeze “The Global Biometrics and Mobility Report” during www.acuity-mi.com/GBMR_Report.php.

Source: Acuity Market Intelligence

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