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ABI Research: Biometrics industry to reach $13.8 billion in 2015

The security industry is booming, and biometrics will reach $13.8 billion in 2015, according to ABI Research.

Published Sun, Feb 15 2015 10:20 AM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

The surging biometrics market is predicted to reach $13.8 billion in 2015, largely due to government adoption, however, there could be growing interest in the private sector, according to the ABI Research group.

ABI Research: Biometrics industry to reach $13.8 billion in 2015 | TweakTown.com

The United States and European Union nations will continue to adopt biometrics, with fingerprint recognition still the leading solution. Consumer and private sector biometrics spending could outpace government spending in 2018, according to ABI, as wearables and smartphones implement enhanced security protocols.

The healthcare industry is still trying to cope with news that Anthem suffered a major data breach - and there are increased talks regarding cybersecurity technologies that can be utilized to prevent future incidents. As more companies transition to electronic health records, biometrics supporters hope that it will present a great opportunity for hardware and software adoption.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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