Wednesday, 5 July 2017

Global Biometric System Market Promises Growth Opportunities

The days of username and password combinations are coming to an end as next-generation authentication mechanisms come of age. Faced with having to remember old-style credentials for an ever-wider range of applications, most users have resorted to insecure password management practices such as writing down credentials. This is especially the case when using complex passwords or reusing the same credentials for multiple applications.

Acceptance of Biometrics Is Growing
One form of next-generation authentication, now coming into its own, is biometrics. According to a recent Accenture survey of 24,000 consumers worldwide, 60 percent said usernames and passwords are too cumbersome to use, and 77 percent said they would be interested in an alternative mode of authentication. When it comes to biometrics, 58 percent stated they would be interested in using them.

According to that report, a driving force for the growth of biometric system technologies has been the deficiency in data protection and security backward practices, such as passwords and PI codes. Add to that the ever-present threats to security, such as terrorist attacks and aircraft hijackings, have strengthened claims for a more robust global security solution.
A trend has developed with government projects for the implementation of electronic passports, driver's licenses, border management and national identification initiatives in many of the world's largest nations including India, Mexico and Russia.

Biometric Sensors Are Being Built into a Wide Range of Devices
According to an RSA white paper, the future of authentication is about providing a choice for users and the need for secure authentication that facilitates user compliance with security policies. Biometric technologies have come a long way from their original reputation of being inconvenient and expensive to deploy. This is changing as cost-effective biometric sensors are built into the current generation of mobile devices, including in cameras and speakers, making them much more convenient for users.

The latest biometric machine, including the newest generation of smartphones, provide security at the hardware level, while biometric information is validated separately from the core operating system. This enhances security because core operating systems are susceptible to malware. As more wearables and the Internet things come into everyday use, biometric identifiers are expected to be embedded into a much wider range of devices.

Biometrics Hold Promise for Secure Payments
One area in which biometric technology identification holds considerable promise is in making financial payments more secure. According to Biometric Update, voice and facial recognition will greatly help combat fraud that results from lost or stolen credit cards or from data stolen during transactions. Already, biometric identification system has become a mature technology direction of development with many successfully implemented projects worldwide. In connection with this analysis of both general trends and prospects, as well as detailed information about the dynamics of the key segments of the cross-sectional industries and application areas, it seems urgent.

The global market for biometric authentication solutions has entered a phase of active innovation and the intensification of the use of both the government, law enforcement, law enforcement and defense agencies, and in the commercial segment, rapidly integrating into the banking sector, retail, mobile applications, Internet of Things, health, education and so on.

Article Source: ArtipotArticles

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