Identity tech-focused analysis firm Acuity Market Intelligence has predicted that annual revenue from mobile biometrics will grow to $50.6 billion in 2022.That figure reflects a CAGR of nearly 41% from $6.5 billion in 2016, with total forecast period revenues exceeding $193 billion, said the outlet.

According to Maxine Most, Acuity Principal and lead analyst, “The potential for consumer use of mobile biometrics dwarfs any previous application of biometrics. More than 1.9 billion biometrically enabled mobile devices will be in circulation by the end of 2017. This will grow to an unprecedented 5.5 billion devices by 2022 as this massive, globally available platform remains the driving force behind worldwide biometric adoption.” read more