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Rising use shows biometrics breaking down consumer resistance

Consumer and enterprise segments will soon catch up with governmental spending on biometrics to become the dominant portion of the market.

February 11, 2015

Overall revenues for the biometrics market are expected to hit $13.8 billion in 2015, according to new research from ABI. And while the majority of these revenues continue to stem from governmental entities, increasing consumer acceptance of biometric modalities is driving rapid growth in consumer and enterprise segments.

Indeed, these segments are forecast to catch up with governmental spending in late 2017 to become the dominant portion of the market.

Fingerprint recognition is the most commonly used — albeit not the most accurate — biometric recognition technology used for the following reasons, ABI said: 

Though not the most accurate biometric ID, ABI said, fingerprint recognition is the most commonly used for a number of reasons: 

• existing infrastructure supports AFIS and non-AFIS technology;
• consumer acceptance is growing for the use of fingerprint data for identification;
• its accuracy-cost-acceptance-intrusiveness ratio makes fingerprint technology easier to implement at this time than other biometric identification methodologies.