Bank biometrics market $18B by ’32; new deals for Illuma, Journey, BioCatch

Financial services customers are warming to biometric authentication and that is pushing growth for vendors.

According to new research by Market Research Future, the banking biometric market will reach $18 billion in 2032, growing at a compounded annual rate of 15.8 percent between 2022 and 2032.

In 2022, North American accounted for 45.8 percent of the of the global market. In fact, the United States was the biggest market and Canada had the quickest expansion. The researchers expect particularly rapid …

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