Exponential Growth for Enterprise Biometrics: Tractica

Exponential Growth for Enterprise Biometrics: TracticaThe enterprise biometrics market is bound for exponential growth over the next several years, according to a new report from market research firm Tractica. It’s expected to grow from $183 million this year to $1.7 billion by the year 2024.

While there is a wide range of potential use cases for biometric technologies in enterprise applications, Tractica highlights enterprise IT systems and particularly login access security as “by far the biggest”. The use case also has the advantage of low cost, with software and fingerprint readers often being the only technologies required for such deployments. Still, other use cases abound, from time and attendance tracking to physical access control.

Tractica’s assertion about the ascendance of biometric login security is supported by a wealth of anecdotal evidence as we continue to see the emergence of devices like the Tactivo Reader and, recently, the advanced biometric authentication capabilities of Windows 10, with its Windows Hello security apparatus. And Tractica’s overall assertion about the growth in store for the enterprise biometrics market is backed up by other research firms’ reports on the crucial place of this sector in driving growth in the overall biometrics market.

September 3, 2015 – by Alex Perala