London, United Kingdom – 14 September 2017 – Goode Intelligence (www.goodeintelligence.com), a leading research and consultancy organisation for the biometrics industry, today issued a new Analyst Report, examining the impact of Apple Face ID on the market, and forecasts that revenues for mobile & wearable biometric authentication will exceed USD 14.75 billion by 2022.
In its latest Analyst Report, Mobile & Wearable Biometric Authentication Market Analysis and Forecasts 2017-2022 (fourth edition*) Goode Intelligence also predicts that by 2022 over 1.7 billion devices will have integrated biometric hardware and over 2.1 billion biometric software licenses will be sold.
Alan Goode, author of the report and founder of Goode Intelligence said “The market continues to evolve and the announcement that Apple is replacing Touch ID fingerprint authentication with 3D facial recognition technology for its new flagship model, the iPhone X, is significant.
“3D facial recognition technology uses infrared (IR), neural networks and machine learning to support biometric authentication on a bezel-less OLED display – which so far has proved problematic using a fingerprint sensor.
“When Apple announced Touch ID in 2013 it revolutionised consumer biometric authentication and led to an explosion of fingerprint sensors being integrated in almost all new smartphones. We expect that Face ID is likely to be disruptive and to impact the market – we’ll see Android Original Equipment Manufacturers’ (OEMs) replicate Apple’s move by integrating 3D facial recognition technology into their flagship models – however Fingerprint will continue to play an important role for OEMs both in single and multi-modal strategies.”
The report covers the latest developments in this sector and the following trends:
• Impact analysis on Apple Face ID facial recognition including its impact on fingerprint sensor integration
• The emergence of non-security applications for biometrics exemplified by Apple Face ID and its use in Animoji and Augmented Reality (AR) applications
• The emergence of multi-modal biometric authentication
• The importance of liveness and anti-spoof technologies and how this is being integrated
• How new smart mobile device design is affecting hardware biometric sensor design and integration
• The latest mergers and acquisitions (M&A) activity
• Average Selling Price (ASP) for the fingerprint sensor market
The report investigates the adoption of both biometric hardware (biometric sensors and camera components) and biometric software applications including:
• Fingerprint Sensor
• Iris Recognition
• Heartrate (ECG)
• Eye Vein
• Sensorless Fingerprint
Analysis of all major biometric technologies is included in the report along with a review of active vendors offering these biometric solutions and the companies incorporating them into their authentication platforms. It includes profiles of the following:
Authentication Technology Vendors:
• Encap Security
• Nok Nok Labs
• Biometric Signature ID
• Delta ID
• SRI International / Princeton Identity
Biometric Vendors/Eye Vein
Biometric Vendors/Face (Hardware & Software):
• Applied Recognition
Biometric Vendors/Fingerprint Sensor:
• Fingerprint Cards
• Precise Biometrics
Biometric Vendors/Sensorless Fingerprint:
• Diamond Fortress Technologies
Biometric Vendors/Heart (ECG):
• Nuance Communications
Further information is available to read about the Mobile and Wearable Biometric Authentication report.
*The first edition was published in 2014.
About Goode Intelligence
Goode Intelligence is a leading research, analysis and consulting organisation for the information security industry covering, authentication, identity and biometrics and GRC. For more information about Goode Intelligence please visit www.goodeintelligence.com
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Michelle Welch, Goode Intelligence
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