I’ve always been a “numbers guy” and when I read about the numbers that are forecast for the biometric technology industry, I can’t help but smile.
Many of the significant hurdles that have deferred the global adoption of fingerprint and other biometric technologies have been overcome. (Cost – Performance – Education)
The “cost too much” issue has been resolved through streamlined design, increased competition and an ROI that much easier to measure when compared to password resets, the cost of tokens and certainly the cost of identity theft, product theft and data breaches.
Not to mention workflow. One of the largest hospitals in the world integrated fingerprint technology in their ePrescription department and authenticated over 251,000 times during a 30-day period. Think about the impact on workflow. Over a quarter million 16 digit passwords or fingerprint swipes…..you compare.
The National Institute of Standards and Technology (NIST) has established performance evaluations, so today we have verifiable third party guidelines and measures for developers of fingerprint technology. Claims of accuracy or speed can easily be verified.
As for education, although it’s still lacking, Apple certainly helped the cause by introducing iTouch on the iPhone 5S. I believe, the closer the consumer gets to genuinely understanding the technology – the sooner we’ll have worldwide adoption.
Here are some more interesting numbers from Goode Intelligence and Gartner.
990 Million Mobile Devices with Fingerprint Sensors by 2017
3.4 Billion Mobile Devices with Biometric Technology / $8.3 billion in revenue
By the end of 2016, 30% of enterprises will employ biometric methods for user authentication from mobile devices; up from 5% today
Staggering numbers, wouldn’t you agree?