Technavio, ABI Research forecast growth in fingerprint VAR, voice recognition markets
Technavio has published new a research report titled ‘Global Fingerprint Biometrics in VAR Market 2016-2020‘, which forecasts the global fingerprint biometrics in value-added reseller (VAR) market will experience a CAGR of more than 11% until 2020.
The report provides an in-depth analysis of the global fingerprint biometrics in VAR market during the forecast period of 2016 to 2020, in terms of revenue and emerging trends.
“With advances in technology, vendors are introducing 3-D fingerprint identification systems, which make the fingerprint authentication system more accurate and reliable,” said Rakesh Kumar Panda, one of Technavio’s lead industry analysts for automatic identification systems. “3-D fingerprint sensors mainly use ultrasonic scanning techniques to capture fingerprints. This technology is implemented in smartphones and tablets to provide a higher level of security for end-users.”
The report lists the key growth drivers of the global fingerprint biometrics in VAR market, including the growing demand for single sign-on (SSO), integration of fingerprint biometrics into smart cards, emergence of touchless sensing technology, and the rising demand for SSO.
The report states that as the number of interactions among employees for various purposes continues to increase, SSO seems to be an optimal solution.
VARs are introducing software with SSO capabilities, which is offered as an additional feature with biometric hardware.
As a result, this trend is contributing to the rising demand for fingerprint biometrics through VARs in regions such as APAC, where the presence of biometric vendors is low, according to the report.
Additionally, the report finds that governments are investing in fingerprint biometric technology to ensure the security and authorized access to secured premises.
Biometric-based smart card which combine a stored fingerprint template on a smart card and a live scanner, are being used for various documents including ID cards, passports, driving licenses, social security cards, and medical and insurance cards, said the report.
Key advances in fingerprint technology have led to the emergence of touchless sensing technology, which generates a 3-D fingerprint scan to help resolve issues that arise when the traditional fingerprint biometric technology is used.
The report finds that 3-D touchless fingerprint technology is interoperable with legacy devices to provide high-quality, large, nail-to-nail representation of the finger.
In a separate report, ABI Research predicts that consumers who engage with voice functionality on a monthly basis will grow by a CAGR of 80% to reach more than one billion by 2021.
In the new report titled ‘Transformative Horizon: Voice Recognition and Conversational Interaction’, ABI Research analysts state the need for natural, conversational interaction between humans and their devices is increasing as people rely on them for more daily tasks.
“Smartphones are usually the first devices people think of in relation to voice input and recognition,” says Eric Abbruzzese, Senior Analyst at ABI Research. “But growth in smart glasses and smart home devices will fuel this trend going forward.”
ABI Research predicts in the report that within enterprises, natural language processing will prove to be particularly beneficial in use cases and verticals that demand hands-free functionality, such as in healthcare, oil and gas, factory floors, and construction.
According to the research, enterprise voice adoption often requires customized dictionaries, applications, and tools. Meanwhile, the key players in voice recognition allow some APIs to extend into these domains.
On the consumer side, voice control and conversational interaction is a natural fit for both smart glasses and AR devices, as their primary purpose is to offer hands-free, efficient data display and interaction, said the report.
Smart home devices like Amazon Echo and Google Home will drive consumer use cases, with growth in AI-based personal assistants enabling natural and greater interaction.
The report lists Apple, Google, and Microsoft as the main players in the market, with each company pushing their voice platforms heavily, most recently with Google’s Home voice-powered smart home device.
In particular, the report highlights Amazon’s potential to experience great growth as the company is currently developing voice technology for the automotive industry, as well as seeing rapid movement in sales of its voice-supported Echo and Fire devices.