November 29, 2016 -
Juniper Research has released a new study which finds that biometric authentication is ready to move beyond fingerprints alone and use several different identifiers, including facial recognition and voiceprints.
These authentication methods will become part of more people’s lives, they will increase from being installed on an estimated 190 million mobile devices in 2016 to exceed 600 million devices by 2021.
The new research, Mobile Biometrics: Consumer Markets, Opportunities & Forecasts 2016-2021, finds that demand from businesses for authentication methods that rely less on hardware will boost the profile of newer biometrics over the next 5 years, in particular voiceprints and facial recognition.
This can be attributed to the technologies’ greater ease of deployment over fingerprinting, as they do not require dedicated hardware.
As a result, biometric security will be expanded to a new audience in markets with lower-tier smartphones, with fingerprinting remaining common in more affluent regions.
The study also finds that use cases for biometrics will transition from identification to verification, due to the need for increased security of the biometric itself.
In these cases the biometric is stored and approved on-device and an alert is sent to a service, rather than the biometric being sent and matched against a remotely held record.
“While biometrics offer an increased amount of security and convenience, they need higher levels of protection,” said research author James Moar. “Establishing best practices for storage and transmission of newer biometrics will be key to ensuring both consumer control over and the security of these most personal data.”
Previously reported, Juniper Research released a new study that finds ecommerce merchants and financial institutions will be increasingly investing in online fraud detection solutions over the next five years, leading annual spending to grow by 30% to reach $9.2 billion by 2020.