- Growing adoption of multimodal biometrics
- Emergence of mobile biometrics
Technavio's research on the global multimodal biometrics market puts the CAGR at 15% between 2016 and 2020. Multimodal biometrics, which integrates different biometrics such as fingerprint, facial and voice recognition in a single device, provides accurate, reliable authentication of users and a fortified level of security.
Asia Pacific is expected to be the fastest-growing region in the multimodal biometrics market as organisations migrate from smart card-based systems to more sophistication authentication systems.
“The market is witnessing increased use of multimodal biometrics across various sectors such as healthcare, BFSI, transportation, automotive, and government sectors. These organisations prefer multimodal biometrics for controlling access to secure premises and authenticating individuals. The use of multimodal biometrics provides accuracy and reliable recognition and fortified level of security,” commented Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
“Of late, biometric technologies such as voice recognition and facial recognition technologies have gained traction in the healthcare sector. These technologies are providing end-to-end electronic processes to ensure customer convenience and compliance with security regulations. Owing to increased use of mobile devices such as smartphones, tablets, and PDAs in the healthcare sector, manufacturers are integrating mobile apps with multimodal biometrics to avoid unauthorised access to patients' records."
Fingerprint recognition dominates the multimodal biometrics market, accounting for 43% of the overall market share. The adoption of fingerprint recognition in multimodal biometric systems is high because of the low cost of hardware systems. The need to track employees and government initiatives such as e-passports, border control programmes, and e-governance are fostering the growth of this market. By 2020, a number of educational institutions, retail stores, healthcare organisations, and banks are likely to adopt multimodal biometric systems integrated with fingerprint recognition to execute live finger scans, which are typically non-intrusive and accurate.
The key vendors in the global multimodal biometrics market are BioID, IriTech, M2SYS, NEC and Safran. The market contains many multinational vendors and small regional players, and consolidation is expected.
“The market is witnessing increased use of multimodal biometrics across various sectors such as healthcare, BFSI, transportation, automotive, and government sectors. These organisations prefer multimodal biometrics for controlling access to secure premises and authenticating individuals. The use of multimodal biometrics provides accuracy and reliable recognition and fortified level of security,” commented Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
“Of late, biometric technologies such as voice recognition and facial recognition technologies have gained traction in the healthcare sector. These technologies are providing end-to-end electronic processes to ensure customer convenience and compliance with security regulations. Owing to increased use of mobile devices such as smartphones, tablets, and PDAs in the healthcare sector, manufacturers are integrating mobile apps with multimodal biometrics to avoid unauthorised access to patients' records."
Fingerprint recognition dominates the multimodal biometrics market, accounting for 43% of the overall market share. The adoption of fingerprint recognition in multimodal biometric systems is high because of the low cost of hardware systems. The need to track employees and government initiatives such as e-passports, border control programmes, and e-governance are fostering the growth of this market. By 2020, a number of educational institutions, retail stores, healthcare organisations, and banks are likely to adopt multimodal biometric systems integrated with fingerprint recognition to execute live finger scans, which are typically non-intrusive and accurate.
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| Source: Technavio, 2016. Global multimodal biometrics market by fingerprint recognition (US$ million). |
Mobile biometrics helps to capture physical features of an individual and compare them against the database for real-time identity verification. Palm vein recognition is likely to be adopted in mobile devices for access control and for gaining access to payment transactions, Technavio said. A number of telecom operators are supporting the use of wireless mobile biometrics for palm vein recognition.
Key vendors in the global palm vein biometrics market include BioEnable, Fujitsu, M2SYS and Tyco. Competition in the fragmented market is expected to intensify with an increase in solution extensions, technological innovations, and mergers and acquisitions.
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