Biometrics industry faces $3 billion hit in the second quarter

The second-quarter earnings for biometric industry is expected to be the largest ever, according to the latest forecast from global technology consulting firm IBISWorld.

The forecast is based on estimates from a variety of financial services firms, including IBM and PricewaterhouseCoopers.

The industry is expecting an operating loss of $3.3 billion, up from a forecast of $2.7 billion in the first quarter.IBISWorld expects the industry to lose $3 to $4 billion in second-half revenue, based on its forecast of annual growth of 4.3% to 5.6%.IBIS World expects the average biometric enrollment system to cost $1.6 billion, a 17% increase over the $1 billion forecast in the prior year.

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