Mobile Biometrics, Biometric Authentication, Mobile Biometric Authentication
Technology

Mobile biometric authentication market expanding rapidly; disruptors identified

Mobile biometric authentication market is expanding rapidly owing to inclusion of fingerprint sensors, iris scanners, voice recognition software among other things and according to new study by Juniper Research, value of smartphone biometrically authenticated transactions is to increase by hundreds of times in just a span of five years.

Going into the specifics of the increase, Juniper Research points out that the value of all smartphone biometrically authenticated transactions is expected to increase from $14.2 billion in 2016 to nearly $655 billion in 2021. If we look into the current scenario, Apple Pay is the current market leader by handling 85 per cent of these transactions.

Dr Windsor Holden, authors of the research report, points out that the increase in willingness of customers to embrace biometrics as a more convenient alternative to passwords offers, companies that can offer not only secure, but user-friendly authentication platforms are set to significantly contribute to the evolution of the mobile payment space.

As part of its Mobile Payment Security: Biometric Authentication & Tokenisation research, Juniper Research has revealed names of three companies that it identifies as biometric disruptors. Juniper has identified G&D (Giesecke & Devrient), Gemalto and Synaptics as having capabilities to disrupt the wider mobile ecosystem through the implementation of their platforms.

Juniper argued that while the biometrics sector itself is relatively mature, few deployments in the mobile space have achieved a critical mass of adoption, whether for use in payment or authentication. Juniper highlighted G&D’s historic strength in the wider mobile security and identity space allied to an extensive breadth and depth of FIDO-certified solutions encompassing face, iris, voice, fingerprint technologies and leading tokenisation services for digital payment. According to Juniper, G&D – which is increasingly offering its solutions across the mobile environment – is well placed to exploit the burgeoning demand for biometric authentication.

About the author

Anthony Clarke

Anthony holds a masters in Journalism and has been an avid creative writer since his teens. Anthony has got his work featured in a number of publications including Dig Boston, Scout Somerville, Content Standard, STACK, and Spare Change News. As a journalist he has been known for his work on homelessness, local politics, transportation, Latino and immigration issues, and music. As a blogger and press writer, he has worked on topics like religion, local business, video games, social media, and higher education. He was a prizewinner in the Eighth Annual Kingston-Mann Student Research Awards and received his MFA in Creative Non-Fiction from Pine Manor College’s Solstice Creative Writing Program. While he still enjoys researching and writing articles, he enjoys working with a team of writers even more.

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