Connect with us

Technology

$315 Billion Revenue Opportunity in Biometric Digital Identity Projected by The Prism Project 2024 Flagship Report

Published

on

Report Evaluates 250+ Industry Players and Highlights Key Dynamics Driving Growth of the Global Digital Identity Ecosystem

DENVER, Jan. 7, 2025 /PRNewswire-PRWeb/ — The Prism Project’s highly anticipated Biometric Digital Identity Flagship Report evaluates more than 250 industry players and identifies the key market dynamics driving extraordinary growth in the emerging global digital identity ecosystem. Published by Acuity Market Intelligence, the leading biometric digital identity research consultancy, the report highlights the critical role of biometrics in reducing fraud, improving operational efficiency, preserving privacy, and enhancing user experience in the era of digital transformation.

“With biometric-centric digital identity, enhancing customer experience becomes an opportunity to reduce fraud, improve operational efficiency, protect privacy, all while satisfying compliance requirements and increasing revenue”

Forecasting over $315 billion in global revenue and 5.6 trillion biometric transactions between 2024 and 2028, the report reveals the massive potential of biometric digital identity solutions. The Prism Project’s intense market focus based on the foundational conviction that the only true, reliable link between humans and their digital data is biometrics, and supported by proprietary survey data, market forecasts, and analysis models, exposes the digital transformation challenges common to all markets that can be addressed with orchestrated biometric technologies.

Transformative Impact of Biometrics

“The scale of biometric digital identity adoption reflects its pivotal role in shaping the evolution of digital transformation across the world,” said Maxine Most, founder of The Prism Project and Acuity Market Intelligence and report author. “From fraud prevention to improved user experiences, the potential for biometrics to revolutionize the emerging global digital ecosystem is unprecedented.”

Designed to illuminate the rapidly evolving landscape of biometric digital identity, this report is a valuable resource for industry stakeholders and technology innovators. It empowers influencers and decision-makers to understand, evaluate, and implement biometric digital identity technology and solutions. The report delivers actionable insights into how biometrics can be leveraged to address critical challenges from fraud prevention and automation to enhancing guest experiences and meeting regulatory requirements.

Addressing Challenges and Opportunities

The report identifies critical challenges in the digital identity marketplace, such as deepfakes and synthetic identity fraud, data privacy concerns, and siloed identity infrastructures. It offers real-world case studies demonstrating how biometric technologies such as liveness and deepfake detection integrated into decentralized identity platforms with privacy-first design principals and fraud prevention tools are solving these problems today.

“With biometric-centric digital identity, enhancing customer experience becomes an opportunity to reduce fraud, improve operational efficiency, protect privacy, all while satisfying compliance requirements and increasing revenue,” Most said. “The Flagship Prism Report is not just a roadmap for biometric digital identity’s future; it’s a call to action for businesses and consumers, governments and citizens, to prioritize secure and inclusive identity solutions as a means to usher in a privacy-first future of user-empowered identity that is more intuitive, convenient, and profitable.”

What’s Inside the Flagship Prism Report

Comprehensive Insights: Holistic analysis of the global digital identity industry framed around common challenges and biometric solutions.Market Forecasts: Original research predicting 47.5% CAGR with a total of $315 billion in revenue and 5.6 trillion transactions over the forecast period from 2024 – 2028.Vendor Evaluations: Proprietary assessment methodology applied to more than 250 vendors and organizations operating in and supporting the global digital identity ecosystemPrism Market Landscape Model: Flagship version of the proprietary Biometric Digital Identity Prism market framework that positions market players as Luminaires, Catalysts, or Pulsars based on their individual evaluations.Real-World Use Cases: Deployed solutions showcasing how biometric digital identity is reducing fraud, lowering costs, delivering enhanced guest experiences, improving efficiency, and increasing virtual and physical security all while protecting citizen and consumer privacy and personal data.

Key Findings

User Experience: Biometric integration enhances customer satisfaction and operational efficiency, especially in travel and e-commerce sectors.Regulatory Compliance: Biometric solutions streamline adherence to stringent data privacy, anti-money laundering (AML), and Know Your Customer (KYC) requirements.Fraud Mitigation: Biometrics offer robust defenses against synthetic identity fraud and AI-powered scams that cost the global economy billions annually.

Survey Insights

The report draws from surveys of vendors and relying parties across key sectors, revealing the following trends:

Primary Motivators: Regulatory compliance, fraud protection, and enhanced customer experience are top drivers for adoption among relying parties.Alignment Gaps: Though vendors also see fraud as a major motivation for adoption, a disparity exists between vendor perception of automation driven demand, and their customers, the relying parties, who are focused on compliance and customer experience key adoption factors.Deployment Trends: Authentication, onboarding, and access control are the most widely adopted applications, while employee time and attendance has seen minimal interest, marking a shift in biometric use cases.

Market Projections

The report highlights significant growth of biometric digital identity globally and across key regions and vertical markets:

Total Market Growth: $315 billion in revenue and 5.6 trillion transactions globally with North America leading in revenue share (35%) and APAC dominating transaction volumes (48%).Financial Services: 1.2 trillion transactions generating $40 billion in revenue. As with the global market, North America leads in revenue share (35%) and APAC dominates transaction volumes (48%) .Travel and Hospitality: 262 billion transactions driving $72 billion in revenue, with air travel accounting for 50% of the market, followed by 33% for hotels and resorts.Government Services: 6.4 trillion transactions generating $202.5 billion in revenue, driven by initiatives across Europe, North America, and APAC.

The Finale of the 2024 Prism Reports Series

The Flagship Prism Report is the last of four Biometric Digital Identity Prism reports released by The Prism Project in 2024, alongside the Financial Services Prism Report, the Travel and Hospitality Prism Report, and the Government Services Prism Report.

Each report builds on the Biometric Digital Identity Prism, a proprietary market landscape framework that helps influencers and decision-makers understand, evaluate, and implement digital identity technologies and solutions. The Prism is the only truly biometric-centric market model for understanding and evaluating the global digital identity ecosystem. It is based on the foundational conviction that in the age of digital transformation, the only true, reliable link between humans and their digital data is biometrics.

Together, these reports provide in-depth analyses of biometric digital identity’s transformative potential across critical industries, addressing unique challenges and opportunities in each domain.

All reports are available for download after a brief registration at www.the-prism-project.com/reports.

The Role of Collaboration in a Transformative Era

The success of the 2024 Flagship Prism Report is rooted in the collective commitment and forward-thinking contributions of its 28 sponsors and partners – a who’s who of the global digital identity intelligentsia. They are:

Anonybit, AuthenticID, AuthID, Aware, Biometria Aplicada, Daon, ID Dataweb, Ideem, IDEMIA, Identity Week, Identy, ID Tech, iiDENTIFii, Incode, Innovatrics, Indicio, Inverid, iProov, Kantara Initiative, Keyless, Panini, Peak IDV, SITA, Sodec Technologies, Tech5, Veratad, Veriff, and Wicket.

These leaders in the biometric and digital identity share The Prism Project’s vision for a secure, inclusive digital identity ecosystem. Their contributions highlight the innovation and collaboration needed to build scalable, privacy-centric solutions that empower global digital transformation.

A Platform of Independence and Integrity

While sponsorship provides organizations with increased visibility and opportunities for profiles and case studies, The Prism Project maintains strict independence and unbiased assessments. Sponsorship does not influence vendor evaluations or rankings, ensuring readers receive transparent, objective insights.

About The Prism Project – The Prism Project (www.the-prism-project.com) is at the forefront of biometric and digital identity research and education. Created by Acuity Market Intelligence, it bridges the gap between identity technology experts and organizations seeking innovative solutions for digital transformation. Through industry collaboration and comprehensive research, The Prism Project empowers influencers and decision-makers to forge a secure, human-centric digital identity future.

About Acuity Market Intelligence – Acuity Market Intelligence (www.acuitymi.com) is a trusted research and strategic advisory firm specializing in biometrics, identity, and digital transformation. Known for delivering actionable insights and proprietary market forecasts, Acuity helps organizations navigate the rapidly evolving digital identity landscape with confidence and clarity.

For further information, interviews, sponsor inquiries, or to download Prism reports, please visit www.the-prism-project.com or contact info@the-prism-project.com.

Media Contact

Maxine Most, The Prism Project, 1 3034491897, info@the-prism-project.com, www.the-prism-project.com

LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/315-billion-revenue-opportunity-in-biometric-digital-identity-projected-by-the-prism-project-2024-flagship-report-302340945.html

SOURCE The Prism Project

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Purina Films Docuseries A Different Breed Earns Three Daytime Emmy® Award Nominations

Published

on

By

Emmy®-nominated series celebrates the extraordinary bond between people and pets through the world of canine competition

ST. LOUIS, July 21, 2026 /PRNewswire/ — When pet lovers see the human-pet bond in action, it creates connection and deepens the appreciation they have for the animals in their own lives. That connection recently led Purina to dive deeper into the world of canine competition through a docuseries that is now receiving critical acclaim. Today, Purina is celebrating three Daytime Emmy® Award nominations for A Different Breed, its original nine-episode documentary series produced through Purina Films in partnership with InkBlot Narratives and WPP Media, including recognition for Outstanding Lifestyle Program, Outstanding Editing and Outstanding Directing.

The Daytime Emmy® Awards recognize excellence in daytime television and streaming programming across lifestyle, documentary, instructional, travel, culinary and children’s content. A Different Breed is nominated alongside productions from some of the entertainment industry’s leading studios, networks and streaming platforms.

Streaming on Prime Video, A Different Breed follows 18 teams on the road to the Purina Pro Plan Incredible Dog Challenge National Finals, putting the spotlight on the competitors, their dogs and the extraordinary relationships that drive them. The series marks an intentional shift from traditional brand-led content toward storytelling that entertains, inspires and fosters meaningful connections – all in new channels and formats that resonate with the viewing habits of today’s consumer.

“The way people discover and engage with content continues to evolve, and we’re evolving with them,” said Andrea Faccio, President and Chief Growth Officer at Purina. “At Purina, we’ve always believed the bond between people and pets is full of inspiring stories. A Different Breed gave us the opportunity to share those stories in a way people actively choose to experience, and we’re incredibly proud to see them recognized alongside some of the industry’s most celebrated programs.”

Through Purina Films, Purina is evolving how it connects with pet lovers taking a more entertainment-led approach to storytelling, creating premium content that highlights the meaningful role pets play in people’s lives. By inviting viewers behind the scenes of the Purina Pro Plan Incredible Dog Challenge and into competitors’ lives and homes, A Different Breed tells the kinds of emotionally rich stories today’s audiences actively seek out.

The backdrop of the series is the Purina Pro Plan Incredible Dog Challenge, a premier canine performance sports competition that has showcased extraordinary canine athletes and their handlers for nearly 30 years. The competition features a variety of events, including high-flying disc routines, agility courses, weave pole racing and diving dog competitions.

The National Academy of Television Arts & Sciences will announce the winners of the Daytime Emmy Awards on October 30, 2026.

All nine episodes of A Different Breed are available to stream exclusively on Prime Video in the U.S. at no additional cost with a Prime membership. The second season of the Emmy®-nominated series is in production, continuing Purina’s commitment to bring audiences authentic stories that celebrate the incredible bond between people and pets.

About Nestlé Purina PetCare 
Nestlé Purina PetCare creates richer lives for pets and the people who love them. Founded in 1894, Purina has helped dogs and cats live longer, healthier lives by offering scientifically based nutritional innovations.

Purina manufactures some of the world’s most trusted and popular pet care products, including Dog Chow, Purina ONE, Pro Plan, Friskies and Tidy Cats. Our more than 11,000 U.S. associates take pride in our trusted pet food, treat and litter brands that feed 46 million dogs and 68 million cats every year. Nearly 500 Purina scientists, veterinarians, and pet care experts ensure our commitment to unsurpassed quality and nutrition.

Over the past five years, Purina has contributed more than $150 million towards organizations that bring, and keep, people and pets together, as well as those that help our communities and environment thrive.

Purina is part of Nestlé, a global leader in Nutrition, Health and Wellness. For more information, visit purina.com or subscribe here to get the latest Purina news.

View original content to download multimedia:https://www.prnewswire.com/news-releases/purina-films-docuseries-a-different-breed-earns-three-daytime-emmy-award-nominations-302831018.html

SOURCE Purina

Continue Reading

Technology

Toy Foundation Partners with Build-A-Bear & Chuck E. Cheese to Raise $100,000 for Children in Need

Published

on

By

The International Day of Play-themed cause marketing campaigns engaged consumers through promotions, exclusive product, & pin pad donations.

NEW YORK, July 21, 2026 /PRNewswire/ — The Toy Foundation™, the philanthropic arm of The Toy Association™, celebrated the United Nation’s International Day of Play (June 11) with two cause marketing campaigns with Build-A-Bear Foundation and Chuck E. Cheese. Together, the campaigns raised over $100,000, as families across the country and around the world supported The Toy Foundation’s mission to deliver the power of play to children in need.

The Toy Foundation’s partnership with Chuck E. Cheese included a three-part fundraising campaign throughout the month of June. At nearly 500 Chuck E. Cheese locations, families who donated $5 at checkout received 500 tickets to use toward prizes, turning a charitable gift into extra fun. Families also had the option to make a $1 or $3 donation directly at the pin pad, powered by FreedomPay’s Gateway to Giving™ — a charitable program that enables seamless giving at the point of sale, creating another opportunity to support a child in need. At select fun centers, families could also purchase a Chuck E. Cheese x Crazy Aaron’s Limited-Edition Thinking Putty, with one hundred percent of the purchase price benefitting The Toy Foundation.

“Partnering with The Toy Foundation this International Day of Play allowed us to make a real difference through the power of play,” said Scott Drake, CEO of CEC Entertainment. “Play is at the heart of everything we do, and we are deeply grateful to the families that joined us in supporting this great cause. Together, we are giving back in a meaningful way that inspires pride across our entire community.”

Build-A-Bear brought its signature warmth to workshops across the U.S. and the UK with a weeklong fundraising campaign held June 8 to 12. Shoppers made donations in amounts of their choosing at checkout, both in stores and online, with every dollar supporting The Toy Foundation’s work to deliver play to children in need.

“Build-A-Bear Foundation is proud to partner with The Toy Foundation in advancing the shared belief that play has the power to positively impact children’s lives,” said David Henderson, president of Build-A-Bear Foundation. “From toy donations and sponsorship support to this International Day of Play fundraising campaign, we are committed to helping create more moments of joy for children and families in need. We are so grateful to our guests and partners whose generosity continues to make that impact possible.”

These fundraising campaigns complimented The Toy Foundation’s International Day of Play toy collection initiative, which resulted in nearly 20 companies donating $5.7 million in toys. The toy donations are being distributed to more than 450,000 children in under-resourced communities, schools, and hospitals around the world.

“We are grateful to Build-A-Bear Foundation and Chuck E. Cheese for their support, collaboration, and partnership in hosting two successful cause marketing campaigns, and to the companies that generously donated toys in honor of International Day of Play,” said Pam Mastrota, executive director of The Toy Foundation. “Together, we are making a lasting impact, transforming children’s lives with the power of play.”

The Toy Foundation partners with companies and retailers to create tailored cause marketing campaigns that engage consumers and support children through play.

Campaign opportunities include:

Retail campaigns that donate a portion of proceeds from select productsPoint-of-sale donation campaignsCo-branded products featuring cause-related messagingCustomized campaigns tailored to a company’s goals

To learn more and get involved in advancing the toy industry’s collective impact, visit toyfoundation.org or contact The Toy Foundation team.

About The Toy Foundation™ www.toyfoundation.org
The Toy Foundation™ is a 501(c)(3) children’s charity and philanthropic arm of The Toy Association. The uniting force for the collective philanthropy of the toy industry, The Toy Foundation is dedicated to creating a world where every child experiences the comfort, joy, and extraordinary benefits of play. The Toy Foundation works toward this vision through two program areas, Toy Chest, a toy distribution initiative, and Play Fund, a grant distribution initiative. By working together, The Toy Foundation has delivered the power of play to 38 million children in need worldwide. To learn more about The Toy Foundation, visit toyfoundation.org.

About Build‑A‑Bear Workshop, Inc.
Founded in 1997, Build‑A‑Bear is a leading global retailtainment brand on a mission to add a little more heart to life. At Build-A-Bear, guests are invited to create personalized furry friends through a unique stuffing, dressing, accessorizing and naming process, accentuated by a memorable “heart ceremony” that creates moments of connection for people of all ages.

Over the years, Build‑A‑Bear has grown into a multi‑generational phenomenon, positioned at the intersection of pop‑culture trends. Beyond its signature retail experience, the brand also offers pre‑stuffed plush, gifting, partnerships with best‑in‑class licensed and collectible characters, and original storytelling through Build‑A‑Bear Entertainment, LLC. Build‑A‑Bear’s current brand platform and message, “The Stuff You Love,” crosses ages and cultures while celebrating nearly 30 years of helping people mark life’s meaningful moments.

Today, Build‑A‑Bear operates more than 650 company-owned, partner-operated and franchise experience locations across more than 30 countries, complemented by buildabear.com. Build‑A‑Bear Workshop, Inc. (NYSE: BBW) reported $529.8 million in total revenues for fiscal 2025, representing the company’s 5th consecutive year of record results. Learn more at the Investor Relations section of buildabear.com.

About Chuck E. Cheese
Chuck E. Cheese is where over 550,000 happy birthdays are celebrated every year. For nearly 50 years, Chuck E. Cheese has been the place Where A Kid Can Be A Kid®, making birthday kids the star of the show through its interactive experiences, arcade games and the beloved Chuck E. Cheese character. The brand operates more than 500 locations globally and remains committed to providing a fun, safe and inclusive environment through industry-leading programs such as Kid Check® and its partnership with Autism Speaks. As a strong advocate for local communities, Chuck E. Cheese has donated more than $24 million to schools and nonprofits through its fundraising programs. For more information, visit www.chuckecheese.com.

Contact: Erin Wright
The Toy Foundation
646.520.4851
ewright@toyfoundation.org

View original content:https://www.prnewswire.com/news-releases/toy-foundation-partners-with-build-a-bear–chuck-e-cheese-to-raise-100-000-for-children-in-need-302831086.html

SOURCE The Toy Foundation

Continue Reading

Technology

Play a Video Game Against a Dish of Living Neurons: Intactis Bio Launches “Biostack”

Published

on

By

Served from a rack mountable Biohybrid Processing Unit (BPU) to lower AI energy usage. 

SALT LAKE CITY, July 21, 2026 /PRNewswire/ — Intactis Bio launched the Biostack Alpha, a video game in which allows anyone to compete against living human neurons grown in the lab. A player sits on one side of the web-browser. On the other is Biohybrid Intelligence: a small population of neurons in a dish that receives the game board as patterns of electrical stimulation. These neurons then answer, move by move, where to drop the next piece.

 

Play a video game against living neurons in rack mountable Biohybrid Processing Unit (BPU) to lower AI energy usage.

Biocomputation is a field focused on curbing the AI energy crises by replacing inefficient silicon chips with low energy biological processors. Biostack is the most tactile and publicly accessible demonstration yet to emerge from the field of biocomputation. Play today at play.intactis.bio. 

A biocomputer you can rack

Biostack runs on the Intactis BPU (Biohybrid Processing Unit), a biocomputer built into the same form factor as the GPUs widely distributed in data centers today. Living neurons at its core are wrapped in the cooling, life support, and signal hardware needed to keep the neurons healthy while they compute. The unit pairs the living substrate with silicon and rack mountable networking, which allows the systems to scale out using existing data center infrastructure.

The map that makes neurons playable

What makes the tissue controllable is a computational neuroscience model. Intactis ran a comprehensive screen to map how electrical stimulus drives neural outputs, cataloguing more than 150 statistically significant relationships and accounting for up to 96% of the tissue’s response. “Biocomputation is not a black box. We have the actual equation,” said Daniel Rodriguez-Granrose, PhD, Founder and CEO of Intactis Bio. This design space lets the company map neural responses onto specific game controls, so the biocomputer can directly learn the Biostack board state and ideal responses in a closed loop.

How a dish of neurons plays

Each turn, Biostack compresses the board (the current piece, the height of every column, and any gaps) into a compact code and delivers it to the tissue as a timed sequence of electrical pulses. The neurons respond, and the system reads their answer as a six-bit placement: four bits choose one of ten columns, two bits choose one of four rotations. Together this represents over 1000 unique electrical inputs to encode the board space and up to 40 possible destinations for every piece. Intactis has successfully transmitted this information to the neurons, and mapped their response back to the live game. In this demo, game performance held and even improved across overnight gaps between sessions. The living network is genuinely shaped by use.

Why a game matters

The stakes reach well beyond the screen. AI’s appetite for electricity is on track to outrun global electricity production. A supercomputer can draw on the order of 20 megawatts; a human brain runs on about 20 watts. The company projects energy-cost reductions around 95%, total-cost reductions around 90%, and data center footprint reductions around 88% versus exaflop-scale silicon.

From demo to business

Intactis sells the capability as Cloud Biocompute as a Service, targeting gaming, robotics, AI and LLM developers already spending $20,000 or more per month on GPUs. The company has secured more than $1 million in early capital and non-dilutive support and is raising a $5 million seed round to bring the BPU to data center partners. Intactis is built by a team with more than $900 million in prior exits.

About Intactis Bio

Intactis Bio builds biohybrid computers that run living human neurons alongside silicon to deliver compute with dramatically lower energy, cost, and footprint. Its rack-mountable Biohybrid Processing Unit (BPU) targets the widening gap between AI compute demand and available power. Learn more at intactis.bio.

View original content to download multimedia:https://www.prnewswire.com/news-releases/play-a-video-game-against-a-dish-of-living-neurons-intactis-bio-launches-biostack-302831095.html

SOURCE Intactis Bio Corp

Continue Reading

Trending