Data from the leading mobile security analyst company, Goode Intelligence, shows that conditions are now right to create a strong market for biometric technology in mobile phones and predicts significant adoption rates over the next four years.
London, United Kingdom – 23 February 2012 – Goode Intelligence (www.goodeintelligence.com) has revealed in its new analyst report Mobile Phone Biometric Security Analysis and Forecasts 2011-2015 that mobile phone biometric security products and services generated just over $30 million in 2011 and that the market will grow to over $161 million in revenue by 2015.
According to Goode Intelligence, the prediction of growth in excess of $130 million over the next four years is due to three key factors:
1. Smart Mobile Devices (SMDs) are now the personal device of choice; with sales outpacing PCs. The ‘bring your own device’ (BYOD) trend is accelerating the need for enhanced security as SMDs are being used more often for consumer and business-sensitive activities including:
a. storing sensitive data and
b. connecting to network-services that allows access to private and business-critical information.*
2. SMDs are set to become the prime portal for our private and business lives but we are still relying on last-century technology to:
a. protect devices and
b. provide authentication and identity verification services for Apps and network-based services.
3. An opportunity to leverage the unique technological characteristics of SMDs for Biometric Security purposes. Examples of these opportunities include:
a. device protection. Research shows that the current measures to protect our devices, e.g. PINs and Pattern-based identification, are not adequate to protect SMDs against even novice attacks
b. next generation identification and authentication technology that supports mobile users and does not rely on expensive specialist hardware, such as tokens and smartcards. It has been widely reported that existing two-factor authentication solutions have been subject to successful advanced persistent threat (APT) attacks; demonstrating their vulnerability as a complete solution
c. the replacement of specialised and expensive biometric capture and verification equipment that is used ‘in the field’ by law enforcement, government and military users and
d. the ability to augment identity verification solutions to support the growing NFC-based mobile commerce industry, including mobile payments at the point of sale.
“We believe a biometric groundswell is building for Smart Mobile Devices. The market is currently slow; but pressure is growing” said Alan Goode, author of the report and founder of Goode Intelligence.
“The conditions are ripe for rapid change; for biometrics to move from an ‘interesting concept’ to a 'must have' for all SMDs. Original equipment manufacturers (OEMs) are turning to mobile biometric solutions to improve ‘light’ authentication techniques and to give them advantages over their competitors. These include Google’s face unlock solution for Android 4.0 (Ice Cream Sandwich) which, although limited, is a step in the right direction and has generated much publicity; predictions that Google will support voice recognition for Android after details of a 2010 patent were published and Fujitsu’s 2012 entry into the European SMD market is being heavily marketed on its strengths in NFC and its support for mobile biometric security – key models will have embedded fingerprint sensors in them. There is also increasing talk about biometric support for Apple’s next generation iPhone 5.
“With over 13 million embedded fingerprint readers** already in SMDs around the world, the future looks increasingly bright for the mobile biometric solution industry.”
Further information about the Mobile Phone Biometric Security Report can be found at www.goodeintelligence.com
* The latest Goode Intelligence mSecurity Survey Report reveals that 71% of organisations allow employees to use their own devices for business purposes.
** According to AuthenTec Inc.
About Goode Intelligence
Goode Intelligence is the leading research, analysis and consultancy organisation for the mobile security industry; providing services to global technology and telecommunications organisations. For more information about Goode Intelligence please visit www.goodeintelligence.com
For further information contact:
Michelle Welch, Goode Intelligence
Telephone: +44 (0) 20 33564886
Mobile: +44 (0) 7901 526883
Goode Intelligence, 26 Dover Street, London, W1S 4LY, UK
Telephone: +44 (0) 20 33564886; Email: firstname.lastname@example.org; Web: www.goodeintelligence.com
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