Market researchers forecast significant growth for global biometrics

Market researchers forecast significant growth for global biometrics

NEWS Editorial Office: Elsevier Ltd The Boulevard Langford Lane Kidlington Oxford OX5 1GB, UK Tel: +44 1865 843239 Email: [email protected]...

354KB Sizes 0 Downloads 122 Views

NEWS

Editorial Office: Elsevier Ltd The Boulevard Langford Lane Kidlington Oxford OX5 1GB, UK Tel: +44 1865 843239 Email: [email protected] Website: www.biometrics-today.com Publishing Director: Bethan Keall Editor: Tracey Caldwell Email: [email protected]

...Continued from front page Recognition was specifically linked to a live pilot on Saturday 3 June 2017 in and around the principality stadium and Cardiff central train station on the day of the UCL Champions League Final. The Slow Time Static Face Search was linked to the 500,000 custody images stored within the Force’s Niche Record Management system. More information: http://tinyurl.com/BTT201705news1

payments

Production Support Manager: Lin Lucas Email: [email protected] Subscription Information An annual subscription to Biometric Technology Today includes 10 issues and online access for up to 5 users. Subscriptions run for 12 months, from the date payment is received. More information: www.elsevier.com/journals/institutional/ biometric-technology-today/0969-4765 This newsletter and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Permissions may be sought directly from Elsevier Global Rights Department, PO Box 800, Oxford OX5 1DX, UK; phone: +44 1865 843830, fax: +44 1865 853333, email: [email protected]. You may also contact Global Rights directly through Elsevier’s home page (www.elsevier.com), selecting first ‘Support & contact’, then ‘Copyright & permission’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: +1 978 750 8400, fax: +1 978 750 4744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: +44 (0)20 7631 5555; fax: +44 (0)20 7631 5500. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the Publisher is required for resale or distribution outside the institution. Permission of the Publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the Publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the Publisher. Address permissions requests to: Elsevier Science Global Rights Department, at the mail, fax and email addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/ or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advan­ces in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.

12985 Digitally Produced by Mayfield Press (Oxford) Ltd

2

Biometric Technology Today

Michelle van Schalkwyk, head of brand at Pick n Pay, pays for her shopping using her fingerprint to authenticate the transaction during the first global trial of the Mastercard biometric card in South Africa. Mastercard has unveiled its next generation biometric card, combining chip technology with fingerprint recognition to verify the cardholder’s identity for in-store purchases. South Africa is the first market to test the technology, with two separate trials recently concluded with Pick n Pay, a leading supermarket retailer, and Absa Bank, a subsidiary of Barclays Africa. The new card builds on fingerprint scanning technology used for mobile payments and can be used at EMV terminals worldwide. IDEX has revealed that its off-chip fingerprint sensor is featured in the Mastercard card.

market research

Market researchers forecast significant growth for global biometrics

R

esearchers have forecast significant growth for biometrics across Europe, worldwide and in mobile and wearable biometrics sectors. Mobile and wearable biometric authentication will exceed $6.2bn by 2022, according to Goode Intelligence market research. In its latest report, ‘Mobile & Wearable Biometric Authentication Market Analysis and Forecasts 2017-2022 (third edition)’, Goode Intelligence also predicts that by 2022 over 3.3bn users will be benefiting from biometric authentication. Alan Goode, author of the report and founder of Goode Intelligence sys, “The market is still

evolving with a number of different models that developers and service providers can adopt to provide convenient friction-free user authentication. It is part of the wider “password replacement” movement that includes other two-factor (2FA) and multi-factor authentication technologies.” The European Biometric market (including systems sales, aftersales service and upgrades) is forecast to grow by 92% in the next five years, according to Research and Markets’ ‘Biometric Technologies & Market – Focus on Europe 2017-2022’ report. Meanwhile the global biometrics technology market is expected to reach $59.31bn by 2025, according to a new study by Grand View Research. It forecasts the increasing use of biometrics technology in consumer electronics, to enhance customer experiences, is expected to drive the market over the coming years. Government and defence services are further expected to witness high growth over the forecast period. Biometric technology can be used in banking and finance to increase efficiency and prevent fraud enabling the industry to grow at a significant rate over the next nine years. Further key findings from the study suggest that transport/logistics accounted for over 27% of the biometrics technology market in 2015, while non-AFIS accounted for over 38% of industry revenue in that year.

government

Jamaica authorities consider biometric tech to ID pensioners

T

he Accountant General’s Department (AGD) in Jamaica is looking to implement biometrics as a means of identifying pensioners, possibly this year. Currently a life certificate is posted out to pensioners who then have to take it to the Justice of the Peace (JP), or another certifier who will certify that they are still alive before they then return it to the authorities The AGD sends a life certificate to each pensioner every three months to be signed, certified or notarised and returned by the end of the following month. The hope is that the new system will speed that process significantly.

US works with the Mexican government to procure biometrics

T

he US is working with the Mexican government to procure a biometric system.

May 2017