Biometric device revenues to drop 22%, expected to rebound in 2021

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In the aftermath of the COVID-19 pandemic, global biometric device revenues are expected to drop 22%, ($1.8 billion) to $6.6 billion, according to a report from ABI Research. The entire biometrics market, however, will regain momentum in 2021 and is expected to reach approximately $40 billion in total revenues by 2025. Global biometric device revenues in 2020 “The current decline in the biometrics market landscape stems from multifaceted challenges from a governmental, commercial, and technological … More

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Read the original article: Biometric device revenues to drop 22%, expected to rebound in 2021