Multi-factor authentication (MFA) is also projected to grow at a high rate, with Asia-Pacific expected to lead the growth.
“The 178-page report cites rising authentication fraud, increased biometrics integration in smartphones, and the drive towards end-to-end customer experiences will drive market growth.”
There will also be significant growth in the smart ticketing market, with the technology being relied on to reduce fake or duplicate tickets.
The widespread use of facial recognition gets its own chapter in a new ResearchandMarkets.com offering: 'Digital China – The Other Digital Superpower,' discusses how government support for 5G and facial recognition, among other key technologies, is fostering growth and strong market positioning for a number of domestic companies