Navigation Links
Mobile Payments, Point-of-Sale, Multifactor, and Passive Authentication Top Choices for Biometric Innovators
Date:2/22/2017

LONDON, Feb. 22, 2017 /PRNewswire/ -- With the biometrics market to exceed $10 billion by 2021, ABI Research identifies four technologies that innovative and agile startups must incorporate into their solutions to secure significant share in the changing competitive landscape: multifactor authentication (MFA), point-of-sale (PoS), mobile payments, and passive authentication.  

"Companies can no longer afford to cut corners when it comes to security," says Dimitrios Pavlakis, Industry Analyst at ABI Research. "Pairing biometrics with MFA and passive authentication is a natural evolution of the technology, as it complements traditional authentication with higher security factors that can be further adjusted as part of a greater risk assessment system."

ABI Research finds HYPR, KnuEdge, UnifyID, and Yubico to be proven innovators in the global biometrics market. The companies create and deliver pioneering solutions that incorporate high-tech with low-cost hardware tokens, decentralize control using blockchain multimodal biometrics, feature military-grade voice recognition, or even leverage a host of connected sensors to gait biometrics for seamless authentication. 

Payments are also a driving force within the biometrics market, particularly as millennials fuel adoption rates for new applications. Companies like Atom Bank, Biyo, Nymi, Smart Metric, Veridium, VKansee, and Zwipe are disrupting the market landscape through transformative technologies ranging from continuous heart rate recognition in wearables, high resolution spoof-resistant sensors, smart card embedded fingerprint sensors, biometrical digital-only banking solutions, as well as four-finger recognition and palm-vein payments.

"Successful vendors will need to tackle convenience and interoperability factors, minimize total cost of ownership without compromising security, as well as prove their abilities to comply with emerging industry specifications that do not compromise data privacy," concludes Pavlakis.

These findings are from ABI Research's Hot Tech Innovators: Biometrics (https://www.abiresearch.com/market-research/product/1027194-hot-tech-innovators-biometrics/) report.

About ABI Research

ABI Research stands at the forefront of technology market research, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company's global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit www.abiresearch.com.

Contact Info: Mackenzie Gavel

Tel: +44.203.326.0142


pr@abiresearch.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mobile-payments-point-of-sale-multifactor-and-passive-authentication-top-choices-for-biometric-innovators-300411772.html


'/>"/>
SOURCE ABI Research
Copyright©2017 PR Newswire.
All rights reserved


Related biology news :

1. Biometric Authentication Provides Better Mobile Device Security, Heavy Reading Finds
2. LaserLock Technologies Moves Forward With An Even More Secure Multi-Factor Internet/Mobile Login System
3. Biometrics Can Revolutionise Mobile Payment Security, says Frost & Sullivan
4. BluStor Introduces the Worlds First Platform to Protect the Full Stream of Mobile Security: Device, User, And Data
5. US Navy Deploys Mobile Biometric Solution Provided by Aware
6. NexID Biometrics: The Solution to Spoofing Mobile Biometrics
7. Basis Extends Series B to more than $23 Million; Announces Mobile Veteran, Ethan Fassett, as VP of Product
8. ValidSoft and Spindle to Demo New Mobile Commerce Ecosystem at Money2020
9. Verizon Advances Patient Care With Launch of Mobile Health Software Solution
10. NREL developed mobile app for alternative fueling station locations released
11. Biometric-Mobile Wallet Technology Takes Aims at a Target Market Of Nearly $1Billion Potential
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/5/2017)... , April 5, 2017  The Allen Institute for ... Cell Explorer: a one-of-a-kind portal and dynamic digital window ... imaging data, the first application of deep learning to ... stem cell lines and a growing suite of powerful ... for these and future publicly available resources created and ...
(Date:4/3/2017)... 2017  Data captured by IsoCode, IsoPlexis ... a statistically significant association between the potency ... and objective response of cancer patients post-treatment. ... whether cancer patients will respond to CAR-T ... as to improve both pre-infusion potency testing and ...
(Date:3/29/2017)... 29, 2017  higi, the health IT company that ... North America , today announced a Series B ... of EveryMove. The new investment and acquisition accelerates higi,s ... to transform population health activities through the collection and ... higi collects and secures data today on behalf ...
Breaking Biology News(10 mins):
(Date:4/26/2017)... ... 26, 2017 , ... WonderWorks, Myrtle Beach’s science focused amusement ... of deep space exploration and inspire space enthusiasts. The exhibit features interactive exhibits ... guest appearance by former Shuttle Astronaut Don Thomas. , The intergalactic weekend kicks ...
(Date:4/26/2017)... ... April 26, 2017 , ... As the call ... healthcare industry stakeholders, the discussion surrounding the topic will continue at WEDI 2017- ... in Los Angeles, Calif. Hosted by the Workgroup for Electronic Data Interchange (WEDI), ...
(Date:4/25/2017)... R.I. , April 25, 2017 ... Inc. ("EpiVax") has licensed its novel immune-modulating technology to ... autoimmune disease and allergy. Tregitopes, pronounced ... in human immunoglobulin by EpiVax CEO Annie ... Similar to intravenous immunoglobulin G, an autoimmune disease ...
(Date:4/24/2017)... , April 24, 2017  Dante Labs announced today the ... EUR 850 (ca. $900). While American individuals have been able ... time Europeans can access WGS below EUR 1,000. ... to leveraging genetic information to make informed decisions about disease ... ...
Breaking Biology Technology: