Acuity forecasts 2 billion users of 4.8 billion mobile biometric devices by 2020.
According to Acuity Market Intelligence, there could be as many as 4.8 billion biometric devices by 2020.
With the global market projected to see 2.5 billion users, the growth in these devices will be fuelled by intensifying demand for smart phones, tablets, and wearable mobile devices that incorporate biometrics.
According to Maxine Most, Acuity Market Intelligence Principal and lead analyst, "The market for biometrically enabled mobile devices will surge over the next five years."
"Apple’s launch into biometrics and payments will be followed by similar efforts by Samsung and others, and within 3 years, biometrics will become a standard feature on smart phones as well as other mobile devices."
Most, a biometric identity and security technology expert, continues "Wearables including smart watches, Google’s re-envisioned Google Glass, along with form factors yet to be seen, will burst onto the market and fundamentally change the way we think about and manage communication, payments, personal transactions, healthcare, and social interaction. All of these devices will include embedded biometrics as well as options to download software-based biometric apps."
"Acuity projects that embedded fingerprint sensors will initially dominate the market becoming standard in smart phones and tablets by 2017, generating more than $1.5 billion in annual revenues. Emerging biometric sensors that rely on an individuals pulse, skin texture, or other yet unknown metrics will evolve rapidly, especially on wearables," says Most.
"This is in addition to biometric apps, such as facial or eye based recognition, that will leverage the camera or other built-in device features."