Tech market research firm Technavio has issued a new report on emerging trends in the global behavioral biometric market. The firm identifies four main trends suggesting market growth to come, predicting a CAGR of about 17 percent between 2016 and 2020.
The first main trend is the growing prominence of multimodal solutions, which of course could implement behavioral biometrics as in the case of FST’s IMID system, for example, which uses a combination of facial, voice, and motion pattern recognition for identification. Indeed, as the limitations of single-modality biometrics become clearer, it seems likely that increasing numbers of organizations are going to integrate other modalities into their identification solutions in a range of applications.
Technavio also highlights the growing prominence of voice biometrics in the healthcare sector, voice biometrics in the BFSI sector, and signature verifications on mobile devices as encouraging trends for the behavioral biometrics market. While all of these trends are indeed taking place, Technavio’s consideration of them highlights the amorphous nature of the idea of ‘behavioral biometrics’. Some companies are offering behavioral biometrics solutions based on users’ online activity, while others, like the aforementioned IMID solution, consider physical, bodily activity.
In any case, it appears to be an intriguing market in its very early stages, and one that could see considerable growth going forward.
January 18, 2016 – by Alex Perala