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Biometrics: 10 Trends to Watch

White Paper Details

Pages: 30

Tables, Charts, Figures: 11

Release Date: 3Q 2015

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Press Releases

The Biometrics Technology Market is Evolving to Address a Diverse Set of Use Cases and
Industry Applications

The global market for biometrics is developing rapidly, as a variety of conditions converge to create
increasing demand for biometric technologies among consumers, enterprises, and governments
alike. After a long wait, use cases that were once a gleam in the eye are reality. Biometric voter
registration removes barriers of poverty and illiteracy, and it can run on a tablet. Consumers can
authenticate financial transactions with a fingerprint, voice, eyes, or even an electrocardiogram, all
with far lower risk than passwords that can be stolen and used on the other side of the world.

Tractica’s analysis indicates that use cases, above all else, define biometrics. Technology enables,
but does not define this market. There is little evidence of point solution selling or customers being
seduced by impressive technology. Even vendors with unique technology talk first about solving
problems. Biometrics is democratic; everyone has eyes, voices, fingers, or at least a pulse. This
technology serves all economies.

This white paper examines 10 key trends that will be key factors in the ongoing evolution of the
biometrics market, including the following:

Market drivers are converging on biometrics

Use cases sell; technology does not
Non-consumer use cases dominate revenue, but at a cost
Software-only solutions will be strong
Finance will continue to be a strong vertical market
Healthcare biometrics is the next big thing
Vertical industry specialists can succeed
Developing economies represent a good market opportunity
Voice and speech recognition will be strong modalities
New vendors entering the market will have tough times

This Tractica white paper highlights 10 key market trends for biometrics hardware and software that
Tractica has identified as part of its ongoing analysis of the biometrics market. Biometrics is well-
established in some industries, while nascent in others, and the white paper describes specific trends
that will be key to understanding how biometrics vendors succeed or fail in this diverse set of
markets. These trends are based on the ongoing research and analysis that is part of Tractica’s
Biometrics Advisory Service. The white paper is published in partnership with Biometric Update.

Key Questions Addressed:

Which biometric modalities will be adopted for various use cases and industry applications?
How are biometrics end users making their purchase decisions, and what types of business
models are emerging to serve the market?
What are some of the most promising industry sectors for adoption of biometrics?
What types of biometrics solutions will be in greatest demand as the market continues to grow?
What are the competitive dynamics that exist in today’s market for biometrics vendors, and how
will they change in the years ahead?
How will the development of the biometrics market vary in different regions of the world?

Who Needs This Report?

 Biometrics device manufacturers
Semiconductor and component vendors
Biometrics technology companies
Software developers and integrators
Mobile network operators
Enterprise users of biometrics
Government agencies
Investor community

Table of Contents

1. Introduction
2. 10 Key Biometrics Trends to Watch
1. Market Drivers Are Converging on Biometrics
2. Use Cases Sell; Technology Does Not
3. Non-Consumer Use Cases Dominate Revenue, but at a Cost
4. Software-Only Solutions Will Be Strong
5. Finance Will Continue to Be a Strong Vertical Market
6. Healthcare Biometrics Is the Next Big Thing
7. Vertical Industry Specialists Can Succeed
8. Developing Economies Represent a Good Market Opportunity
9. Voice and Speech Recognition Will Be a Strong Modality
10. New Vendors Entering the Market Will Have Tough Times
3. Company Directory
4. Acronym and Abbreviation List
5. Table of Contents
6. Table of Charts and Figures
7. Additional Reading
8. Scope of Study, Sources and Methodology, Notes
9. Biometric Update

List of Charts and Figures

Biometrics Revenue by Key Use Cases, World Markets: 2015-2024

Biometrics Revenue, Consumer Facing and Non-Consumer Facing Applications, World
Markets: 2015-2024
Biometrics Revenue by Hardware/Software, World Markets: 2015-2024
Finance Biometrics Revenue by Region, World Markets: 2015-2024
Healthcare Biometrics Revenue by Use Case, World Markets: 2015-2024
Biometrics Revenue by Industry, World Markets: 2015-2024
Annual Voice and Speech Biometrics Revenue by Region, World Markets: 2015-2024
Unstaffed Bank Branch in Poland
Iris Imaging Used for Patient Identification
Mobile Iris Image Scan in Helmand Province, Afghanistan
 Voter Registration with Fingerprints in Ghana

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Research
User Interface Technologies
Biometrics
Digital Health
Wearable Devices
Automation & Robotics
Consulting
Consulting Overview
Consumer and Business User Surveys
Competitive Analysis
Customer Pro ling and Segmentation
Market Sizing & Forecasting
Market and Product Strategy Consulting
Marketing Campaign Support
Strategic Advisory Sessions
Resources
 Company Pro les
White Papers
About
Overview
Team
Research Methodology
Careers
Contact Us
Newsroom
Press Releases
Tractica in the News
Events
Blog
My Reports
Register