The market of technologies of biometric identification will increase for 10 years, six times
Analysts Tractica decided to make a forecast about the market development of biometric technologies. This includes scanners, fingerprint scanners, iris, face recognition and so on.
Analysts believe that this market will grow from $ 2.4 billion last year to 15.1 billion by 2025. We have already mentioned that to make such long term predictions in the market IT is a thankless job, but analysts believe otherwise.
On average, the market of biometric technologies will grow by 22.9% each year. If you look at the chart, you can see that this growth will be uniform. During the 10-year period, the total market turnover will be around 69,8 billion.
The main areas of application of such technologies will be healthcare, Finance, government organizations, enterprises and, of course, consumer electronics.