Biometric revenue from smartphones expected to increase: Study

September 12, 2014 - 

Frost & Sullivan published a new study that shows that the number of global biometrics smartphone users is expected to increase exponentially from 43.23 million in 2013 to 471.11 million in 2017.

The spike in smartphone users during this time represents a shift from the early adopter phase to the early maturity phase. By 2019, biometrics will fully be considered a mature technology.

Entitled “Biometrics Go Mobile: A Market Overview”, the Frost & Sullivan study is part of the Smart Cards Growth Partnership Service program.

The study shows that biometric revenue from smartphones is expected to jump from $53.6 million in 2013 to $396.2 million in 2019, at a compound annual growth rate of 39.6 percent.

“Due to existing hardware capabilities across devices, most of the growth is expected from facial and voice authentication technologies,” said Frost & Sullivan ICT global program director Jean-Noel Georges. “While the uptake of biometric technologies will get a boost from the proliferation of new devices with fingerprint authentication capability, their acceptance will be tepid until the market develops more sophisticated and accurate authentication software.”

The success of biometric technologies will depend on its ability to compete with other identification technologies such as near field communication, along with making significant investments in sensors and infrastructure.

The study also touches on how privacy continues to be a sensitive issue in many countries, particularly in Europe, which prevents many individuals from using biometric technologies.

User security confidence is low as a result of the technology’s non- optimized false acceptance rate and false rejection rate rates. And since there is no standard regarding biometric, mobile manufacturers continue to deploy proprietary solutions.

“Biometrics solution providers should have a regional strategy in order to specifically adapt the product or service to local privacy rules,” said Georges. “A respect for global standards, or at least a common set of rules, will have a strong impact on their uptake all over the world.”

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. His experience includes a mix of entrepreneurship, brand development and publishing. Stephen attended Carleton University and lives in Toronto, Canada. Connect with Stephen on LinkindIn.