About Biometrics as a Service
In 1999, biometrics was introduced as an application to render authentication after identifying and verifying biological and physiological traits such as voice, palm geometry, DNA, gait, fingerprints, facial features, iris, signature, and vein geometry. This technology is reliable, as it cannot be lost or forgotten by an individual.
Verification is a one-to-one matching process that verifies the biometrics traits of an individual against a set template in the database. Identification is a one-to-many matching process wherein the biometrics traits of an individual are matched against all templates in the database to determine an individual's identity.
Technavio’s analysts forecast the global biometrics as a service market to grow at a CAGR of 17.11% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global biometrics as a service market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of biometrics as a service, which includes cloud-based biometrics solutions and third-party managed solutions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biometrics as a Service Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Biometrics as a Service Market: BioID, Fujitsu, ImageWare and IriTech.
Other Prominent Vendors in the market are: FingerCheck, Secur-eye, and MorphoTrust USA.
Commenting on the report, an analyst from Technavio’s team said: “The increased implementation of the BYOD policy among enterprises has highlighted the need for cloud-based mobile biometrics. Data security is also gaining prominence with the growing need to access data from mobile devices such as smartphones. Therefore, cloud-based mobile biometrics will be adopted by enterprises and biometrics data in the cloud will be managed by third-party service providers.”
According to the report, data security is a key concern for enterprises, government organizations, and individuals. Personal identification numbers (PINs), identity badges, and numeric keypads are the most popular devices used to prevent unauthorized access to sensitive data and assets. The introduction of two-factor authentication allowed access to authorized individuals based on hardware devices and numeric codes. Biometrics solutions were introduced in order to implement advanced security.
Further, the report states that privacy concerns regarding biometrics are gaining prominence with the adoption of various technologies such as fingerprint and palm vein recognition in organizations. Since an individual’s biometric features are used to gain access to confidential data and secure premises, these features can be misused by a third party without the consent of the individual.
BioID, Fujitsu, ImageWare, IriTech, FingerCheck, Secur-eye, MorphoTrust USA.
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