The rapidly ascending popularity of mobile fingerprint scanning is helping to lead growth in numerous other areas, says ABI Research.
Reporting on findings from its Biometric Technologies and Applications publication, the market research firm says that by 2022, fingerprint sensors will reach a 95 percent penetration rate of the smartphone market. That echoes a forecast from Acuity Market Intelligence, which has gone so far as to predict that a full 100 percent of smartphones shipped in 2022 will feature fingerprint sensors.
That trend is helping to establish new opportunities for other biometric modalities, ABI says, with Industry Analyst Dimitrios Pavlakis predicting significant growth for eye-based biometric authentication technologies. In a statement, Pavlakis asserts that “eye recognition technologies will soon be one of the most secure modalities for consumer electronics authentication and secure mobile payments,” and indeed, Samsung is already targeting such applications with its new iris-scanning smartphones.
Meanwhile, perhaps thanks to the ascent of mobile fingerprint scanning, other biometric technologies are also seeing significant growth, with Pavlakis highlighting HYPR’s work in biometric blockchain, Nymi’s cardiac biometrics-based payments, and Fujitsu and Hitachi’s leadership in the business applications of vein recognition, which saw an 18 percent growth rate over the course of five years.
May 3, 2017 – by Alex Perala