Digital identity predictions for 2020: biometrics, deepfakes, cybersecurity and decentralized ID

Many companies in the biometric, digital identity, and cybersecurity space have shared predictions for 2020 with Biometric Update, touching on many of the key themes of the past year, and reflecting the wealth of opportunity, as well as the anxieties at play in the industry. Those predictions most closely thematically related to biometrics and our top news stories are collected below. "The global market for mobile biometrics is forecast to grow at an impressive 31.14 percent CAGR, adding $28.45 billion per year in incremental growth between 2018 and 2023, despite the CAGR decelerating by 22 percent in the period," points out Robert Prigge, CEO of Jumio. "The growth forecasts in the latest set of market analyst reports that indicate widespread adoption of biometrics technology: 22 percent for mobile biometrics, 22 percent for 3D sensors, and 19 percent for healthcare biometrics Facial authentication is impacting the physical security market, cloud-based subscription services are becoming more popular for security, and the Pentagon is expected to remain a source of opportunity for companies offering advanced authentication technologies. Although we are still in the early stages of biometric-based identity proofing and authentication, its development will serve as a viable solution for the growing fraud epidemic."