March 26, 2015 -
ABI Research forecasts that global revenues in 2015 for biometrics in the consumer and enterprise will reach $3.1 billion, driven by smartphone solutions.
While existing smartphone hardware provides a stable position for some authentication modalities, new advances in the biometrics field will continue to drive further smartphone hardware upgrades.
Additionally, pioneering algorithm design and cloud computing services continue to innovate user authentication.
“Biometry is moving rapidly into the security ecosystem and its adoption by CE devices will jumpstart this phenomenon,” said Dimitrios Pavlakis, Digital Security Research analyst. “Specifically, smartphone biometrics provide not only a secure alternative for authentication, mobile payments, and BYOD initiatives but also enhance user experience, navigation, mobility, and versatility.”
Industry leaders Apple and Samsung are setting the new standard for smartphone authentication and biometric-based mobile payments.
Other companies like AGNITiO, EyeVerify, ImageWare Systems, KeyLemon, and Nok Nok Labs are introducing voice and face biometrics for consumer identity management and the implementation of improved security features.