More Chinese smartphone vendors are investing in equipping their devices with fingerprint sensors with such phones expected to hit one billion shipment by 2020, marking a 17 percent CAGR, according to ABI Research.
Biometrics on smartphone devices have moved past the simple authentication option and are headed towards establishing a more robust mobile payment solution.
However, other biometric modalities such as face, voice and eye-based recognition are currently moving out of the fledgling phase and are to be integrated as highly-secure – albeit more expensive – biometric capabilities in smartphone devices with a five-year CAGR revenue growth of 144 percent.
In the banking and finance sector, ATMs receive a long overdue and much needed boost. ATMs are now incorporating finger-vein and palm-vein technologies as a primary or additional form of identification while voice recognition will maintain a leading position as fraud prevention software.
Iris recognition is booming in the healthcare sector as a form of logical and physical access control, and hospitals are gradually investing more in biometric-based patient ID and Electronic Medical Records (EMR) software. Leading suppliers of biometric technology include vendors Saffran Morpho, NEC, 3M Cogent, Agnitio, and FPC. Promising up-and-comers include Techshino, EyeVerify, and VKansee.