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:4/11/2017)... 11, 2017 No two people are ... the New York University Tandon School of Engineering ... found that partial similarities between prints are common ... mobile phones and other electronic devices can be ... vulnerability lies in the fact that fingerprint-based authentication ...
(Date:4/6/2017)... Forecasts by Product Type (EAC), ... End-Use (Transportation & Logistics, Government & Public Sector, Utilities ... Generation Facility, Nuclear Power), Industrial, Retail, Business Organisation (BFSI), ... you looking for a definitive report on the $27.9bn ... ...
(Date:4/5/2017)... 5, 2017 Today HYPR Corp. , ... server component of the HYPR platform is officially ... end-to-end security architecture that empowers biometric authentication across Fortune ... already secured over 15 million users across the financial ... connected home product suites and physical access represent a ...
Breaking Biology News(10 mins):
(Date:10/11/2017)... ... October 11, 2017 , ... ... in its endogenous context, enabling overexpression experiments and avoiding the use of exogenous ... RNA guides is transformative for performing systematic gain-of-function studies. , This complement ...
(Date:10/11/2017)... ROTTERDAM, the Netherlands and LAGUNA HILLS, ... that The Institute of Cancer Research, London ... will use MMprofiler™ with SKY92, SkylineDx,s prognostic tool to risk-stratify ... high-risk trial known as MUK nine . The University ... this trial, which is partly funded by Myeloma UK, and ...
(Date:10/10/2017)... ... October 10, 2017 , ... ... company advancing targeted antibody-drug conjugate (ADC) therapeutics, today confirmed licensing rights that ... Polymerized Liposomal Nanoparticle), a technology developed in collaboration with Children’s Hospital Los ...
(Date:10/10/2017)... BARBARA, CALIFORNIA (PRWEB) , ... October 10, 2017 ... ... management, technological innovation and business process optimization firm for the life sciences and ... BoxWorks conference in San Francisco. , The presentation, “Automating GxP Validation ...
Breaking Biology Technology: