BIS Research forecasts global biometrics market to reach $25.31B in 2020

Market analyst group BIS Research has authored a new report entitled “Global Biometric Authentication & Identification Market: Focus On Modality, Motility & Application – Estimation & Forecast, 2015-2020”, which forecasts the global biometric market will grow from $10.08 billion in 2014 to $25.31 billion in 2020. This significant growth in the global biometrics market represents an estimated CAGR of 16.56% from 2015 to 2020. The report states that the majority of the demand is sourced out of APAC and Middle

Enacomm CMO compares biometric authentication methods, financial institutions exploring biometrics & more top stories

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Comparing biometric authentication methods One of the more intriguing stories this week was penned by Enacomm CMO David Anderson, in which he provides a detailed analysis of the various biometric authentication methods, including fingerprint scanning, facial recognition and voice biometrics. Banking Credit card companies such as Mastercard, along with Canadian banks, are developing biometric authentication technologies to enable customers to validate transactions both

HYPR releases biometric tokenization SDK

HYPR announced via its blog that it is now offering general availability of the HYPR Biometric Tokenization Platform, a new end-to-end solution for next-generation security. Any organization can use HYPR’s biometric authentication SDK to seamlessly implement next-generation identity management in any application. The SDK supports all compatible biometric devices, such as mobile phones and tablets, as well as includes built-in support for various biometric authentication methods, including fingerprint scanning, facial recognition and voice recognition. The HYPR SDK includes mobile and

SpeechPro, PenRad develop voice biometrics solution for hospitals

SpeechPro USA and PenRad have combined their solutions to deliver a secure, voice biometrics-enabled data entry system for hospitals and clinics. By integrating SpeechPro’s voice biometric technology into PenRad’s Applicadia technology, the touchless solution allows staff to perform 100% data-entry through validated voice, to prevent disease transmission, enhance security, and boost professional productivity. With nearly 100,000 deaths caused by healthcare associated infections (HAI’s) each year, hospital staff and patients are constantly at risk for disease transmission. Fortunately, smart technologies such

Nonprofit uses biometrics technology to monitor India’s tuberculosis cases

Operation ASHA, an organization that aims to provide tuberculosis (TB) treatment and health services to poor residents in India’s urban slums and rural villages, is using biometrics technology to ensure that TB patients receive comprehensive treatment as well as to detect any new cases, according to a report by Voice of America. Since TB patients require up to 76 doses of medicines under direct observation at a designated treatment center, it can be a challenging task for the patient, health

Next-generation biometrics market to reach $24.4B by 2020: Report

Markets and Markets recently published a 178-page report addressing the next-generation biometrics market, which is expected to undergo a 17.9% CAGR to reach $24.4 billion by 2020. This forecasted growth in the global biometrics market over the next five years can be attributed to numerous drivers, including government initiatives across the world to adopt biometrics systems for the purpose of identification and verification, the introduction of e-passports, and the use of biometrics in criminal identification. As such, the use of

Europe, North America to dominate 2015 biometrics market: Frost & Sullivan

Frost & Sullivan has published its latest report entitled “2015 Global Outlook of the Biometrics Industry“, which predicts that Europe and North America will dominate the 2015 biometrics market. The 70-page report forecasts that the larger regions of the biometrics market will generate 74% of global revenue due to government adoption. The global biometrics market at large is expected to undergo a significant growth in both public and commercial applications as a result of the uptake of multiple technologies available,

Medical center deploys RightPatient biometric patient identification system

RightPatient announced that Terrebonne General Medical Center (TGMC) has implemented its biometric patient identity management, data integrity, and health security platform using iris recognition. Terrebonne will be using the RightPatient identity management system throughout the hospital in an effort to boost patient safety standards, prevent the duplication of medical records, and curb medical identity theft. The hospital thoroughly assessed multiple biometric patient identification solutions, including their backend search capabilities and the hygiene risks of contact versus non-contact biometric hardware, before

Olea introduces continuous heart pattern authentication solution

Olea Sensor Networks, a provider of intelligent sensors and analytic software for mobile and cloud-based service solutions, unveiled its HeartSignature, authentication technology which is able to accurately and continuously identify individuals based on their unique heart pattern. Unlike many other biometric systems currently on the market, Olea’s HeartSignature enables continuous authentication. This enables an additional, enhanced layer of security by eliminating any interruptions and “time-outs”, along with the need for passwords. HeartSignature identifies the individual’s unique heart pattern without interruption

Fingerprint biometrics and facial recognition most popular this week

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Fingerprints Once again, fingerprint recognition were among this week’s most popular stories, starting with Integrated Biometrics announcement that Bethcom selected its Columbo FBI certified FAP 30 sensor to incorporate into its new Phalcon physical access control product. Samsung revealed that filed a U.S. patent application for a new non-touch method for fingerprint recognition on mobile devices. BioSSL partnered with the Danish smart card