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A New Age for the Global Biometrics Market

Consumer population with biometrics-enabled smartphones likely to increase


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2014-04-30 07:17:02 - A New Age for the Global Biometrics Market - a new market research report on companiesandmarkets.com

Mobile biometrics solutions are expected to continue gaining prominence in the larger biometrics landscape, with innovation accelerating in smartphones, sensors, and cloud capabilities. Traditionally, governments have been the largest end-user group because of the technology´s strong capability to verify and authenticate identities. Key applications include border control, national ID programmes, and election campaigns.
The advancement of mobile devices and sensor technologies is currently generating a shift toward the consumerisation of biometrics. Mobile payments are one of the key areas in which biometric data will be used to replace traditional PINs* and passwords for increased security in user identification and verification. The mobile payment ecosystem using biometrics is in a nascent stage and likely to gain traction as standards develop.
The consumer population

 

 

with biometrics-enabled smartphones is likely to increase. Standards are likely to emerge. Mobile payment ecosystem is likely to be developed. Developing countries will look to introduce mobile payment by expanding on the national ID card programme the mobile payment ecosystem is still evolving. There is strong interest in rolling out biometrics in mobile payment, but standards for security are yet to be addressed.
Few implementations exist for biometrics in mobile payment. Biometrics are introduced in applications such as fingerprint modality in smartphones.

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