“The rising instances of identity thefts and cyber crimes are boosting the adoption of multifactor authentication and multimodal technology systems.” Frost and Sullivan is predicting that the expansion of national ID programs will fuel the demand for biometric technology in the Asia-Pacific region over the next few years. In its report, the research firm noted…
A growing number of organizations have begun to document the decline of passwords and the rise of biometric authentication. At least, that’s the takeaway from a new article from SC Magazine that gathers similar reports from a roster of biometrics experts, including Kaspersky Labs, Duo Security, Frost & Sullivan, and IDEX Biometrics. The article specifically…
Earlier this month, Frost & Sullivan released a new report that emphasized the growing importance of behavioral biometrics, arguing that it “will become the main identity verification element in two factor or multifactor authentication.” Now BioCatch is following up with a blog post that highlights the more tangible benefits of the technology. In the post,…
“AI-driven behavioral biometrics will become the main identity verification element in two-factor or multifactor authentication…” A new report from Frost & Sullivan projects major growth for the European biometrics market, which is expected to climb from $4.98 billion to $11.5 billion by 2023. Artificial intelligence and machine learning will fuel much of that growth as performance improvements…
Frost & Sullivan has named NEC as its 2019 Biometrics Company of the Year in the Asia Pacific Region. The accolade is intended to recognize NEC’s pioneering work in multiple segments of the biometrics industry, with multimodal solutions that have integrated face, voice, iris, and fingerprint recognition alongside other forms of biometric identification. “We are…
Growth consultancy Frost & Sullivan has named Gemalto the recipient of its 2018 Middle East & Africa Customer Value Leadership Award. The award is in recognition of PURE, Gemalto’s white label payments platform that is designed to let domestic schemes and private label card issuers offer their own payment cards to customers. The system was used…
The global airport industry increasingly looking to IT solutions to help drive and facilitate growth, with innovative technologies like biometrics being key to those efforts, suggests a new Frost & Sullivan report. Entitled “Digital Transformation in Airports”, the report predicts that by 2023, airport IT spending will reach $4.63 billion, driven largely by growth in…
Security is the top concern for IT administrators when choosing a cloud services provider, says Frost & Sullivan. The finding emerged from the growth consultancy’s IT Decision Maker Survey, in which 45 percent of respondents named security as the main factor in their decision. That’s way above price, which only 27 percent named as the…
The emergence of the Internet of Things presents a huge opportunity for the global security and surveillance sensors market, suggests a new report from Frost & Sullivan. In a statement, the growth consultancy firm announced ‘three big predictions’ for this market: That sensors will form the “physical layer” to IoT-driven machine-to-machine communications; new communication protocols…
While Apple’s iPhone X announcement last month attracted attention primarily for revealing the most substantial redesign of the iPhone to date, a Frost & Sullivan analyst thinks that hidden in the subtext are hints that Apple’s next focus will be on making its own car. In his new report, Frost & Sullivan Connectivity & Telematics…
“…Jumio noted that it doubled its sales in the first half of the year, and that its Netverify platform is now being used to verify almost 200,000 users each day.” Frost & Sullivan has named Jumio the 2017 North American Entrepreneurial Company of the Year for the Biometric Security Solutions Industry. Detailing the company in…
While fingerprint recognition has tended to see strong growth and revenues in the past, new biometric modalities like vein, iris, and facial recognition are seeing “strong adoption across industries,” according to Frost & Sullivan TechVision Senior Industry Analyst Swapnadeep Nayak. That’s one of the key findings in Frost & Sullivan’s new report, “Cybersecurity Innovations in…
Credence ID has won Frost & Sullivan’s 2017 Global New Product Innovation Award. The award was given in recognition of the CredenceTAB, a tablet device first announced by Credence ID last year. The tablet features a built-in FBI PIV FAP 30 fingerprint sensor, a smart card reader, an MRZ reader, and eDocument reading capabilities. In…
IriTech has won the 2017 North American Frost & Sullivan Award for New Product Innovation. The company was recognized for its specialty – iris biometrics technology. In a statement announcing the award, Frost & Sullivan Research Analyst Mike Valenti praised IriTech’s iris scanning solution as one that “works under direct sunlight at extended side-gazing angle and…
NEC has received the 2017 Frost & Sullivan Asia Pacific Integrated Biometrics Solutions for Public Safety Leadership Award. In a statement announcing the award win, NEC explained that it had been granted in recognition of the company’s “technical leadership and growth performance” in the APAC region last year. Commenting further, Frost & Sullivan Asia Pacific ICT…
BioCatch has won the 2017 Global Frost & Sullivan Award for Product Innovation. The company was recognized for its behavioral biometrics technology, which analyzes patterns in user behavior to assess potential fraud threats, an emerging digital security field of which BioCatch has proven to be a pioneer. Commenting on the company’s win, Frost & Sullivan’s Ram…
The enterprise sector’s growing use of cloud computing is driving demand for Identity as a Service (IDaaS) solutions, according to a new report from Frost & Sullivan’s TechVision unit. The firm’s new report, Technologies Empowering Future of Identity Management, argues that identity and access management (IAM) challenges “are more business-centric than technology-centric,” as it puts…
ImageWare has won the 2017 North American Frost & Sullivan Award for New Product Innovation. In a statement announcing the award, the growth consultancy explained that each year it is bestowed to “the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it.” Frost & Sullivan lauded ImageWare for its…
“[The company’s Smart Enterprise platform] features NEC’s facial recognition technology, which allows retailers using it to analyze demographic qualities of their customers.” NEC has been named the winner of the 2016 North America Frost & Sullivan Company of the Year Award. The company won largely on the basis of its Smart Enterprise platform, a comprehensive…