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:4/24/2017)... 24, 2017 Janice Kephart , ... Identity Strategy Partners, LLP (IdSP) , today issues ... President Trump,s March 6, 2017 Executive Order: ... vetting can be instilled with greater confidence, enabling ... all refugee applications are suspended by until at ...
(Date:4/13/2017)... According to a new market research report "Consumer ... Administration, and Authorization), Service, Authentication Type, Deployment Mode, Vertical, and Region - ... to grow from USD 14.30 Billion in 2017 to USD 31.75 Billion ... ... MarketsandMarkets Logo ...
(Date:4/6/2017)... 2017 Forecasts by Product Type ... by End-Use (Transportation & Logistics, Government & Public Sector, ... Fossil Generation Facility, Nuclear Power), Industrial, Retail, Business Organisation ... Are you looking for a definitive report on the ... ...
Breaking Biology News(10 mins):
(Date:10/11/2017)... BioMarketing, a leading provider of patient support solutions, has announced ... network, which will launch this week. The VMS CNEs will ... to enhance the patient care experience by delivering peer-to-peer education ... professionals to help women who have been diagnosed and are ... ...
(Date:10/11/2017)... ... 2017 , ... A new study published in Fertility and ... in vitro fertilization (IVF) transfer cycles. The multi-center matched cohort study ... comparing the results from the fresh and frozen transfer cohorts, the authors of ...
(Date:10/10/2017)... Angeles, CA (PRWEB) , ... ... ... Inc., a development-stage cancer-focused pharmaceutical company advancing targeted antibody-drug conjugate (ADC) therapeutics, ... uses of targeted HPLN (Hybrid Polymerized Liposomal Nanoparticle), a technology developed in ...
(Date:10/10/2017)... Parks Associates announced today that Tom Kerber , Director ... , October 11 in Scottsdale, Arizona . Kerber will ... safety and security products impact the competitive landscape. ... Parks Associates: Smart Home Devices: Main Purchase Driver ... "The residential security market has experienced continued growth, and the introduction of ...
Breaking Biology Technology: