A new report released from Technavio projects that the global gait biometrics market will grow by 13.47% CAGR through 2020.
More specifically to the Americas, the gait biometrics market is poised to grow at a CAGR of 12.92%, to reach an estimated $31.79 million by 2020, according to a media release from Technavio.
Per the report, the Americas was a major contributor to the market in 2015, with a share of 47.16%. North America in particular was an early adopter of gait biometrics, and the technology is being highly adopted in the healthcare, sports, and rehabilitation sectors.
However, according to the release, the Americas’ market share is predicted to decline during the forecast period, with the suggested reason being the limited awareness of gait biometric systems in South America, leading to its low adoption.
For more information, visit Technavio.
[Source(s): Technavio, Business Wire]