Biometrics is a thing that is hardly causing a buzz in social networks or tech world, yet it comprises $14.4 billion market (and projected to reach $59.31 billion by 2025).
Grandview research made a 140-page report on the current state of the technology, its future, current industries where it’s applied more commonly and other details.
You can name the industries that utilize modern upscale identification/authorization technology. Those who use biometrics for their everyday routine and easing up the processes are government organizations, banks and financial institutions, healthcare companies, defence and security providing services and many other spheres.
The scope of application is widening as the technology opportunities grow. We could list consumer electronics as one of the main growing points. Inserting biometrics technology into e-commerce apps enables safe transactions, and that has a positive effect on the market and attracts crazy investment sums.
E-passport programs as a check for migrants status involve biometrics as a primary means for the control used by different authorities and state defence services. Banks and other financial organizations use biometrics to prevent fraudulent activities and increase operational efficiency.
Just by having a look at the above-mentioned areas of application, we could name the technology promising.
As an outsource software development company, we are interested in cooperation with vendors who work on biometrics-related activities and offer their services across different industries.
We’ve decided to explore the overall market, latest trends, use cases, laws, and even scandals – in this complete guide on the looks of biometrics in 2020 consisting of multiple parts.
The definition is a good place to start, though.
What is Biometrics and How Big Is This Market
Biometrics is the technology that enables persons’ identification and authentication judging on a set of unique, specific, recognizable and verifiable data.
The difference between identification and authorization is quite simple. Identification is when a machine (a hypothetical one) asks “Who Are You?”, while authorization is when the same machine wonders: “Are You Indeed the Person that Tries to Get in?”.
Biometric devices, therefore, include the following components:
- A reader (scanning device) to record the biometric factor being authenticated
- Software that converts the scanned biometric data into a standardized digital format/ compares match points of the observed and stored data
- Secure databases to store the biometric data
Our software development company does not produce hardware, so we are able to help your company only if you need the latter two parts of the biometric device comprising software.
Two Types of Measurements
There are basically two types of biometrics measurements:
- Physiological measurements
- Behavioural measurements
Physiological measurements, in turn, divide into morphological or biological. Fingerprints the shapes of the hand/ finger, vein patterns, the retina and iris in the eyes, and the shape of the face are subjects for the morphological analyses.
Biological analyses include DNA, blood, saliva, urines and other body liquids. When we speak of this biometrics, they are often studied by forensic teams and medics.
As for behavioural measurements, the most common among them are voice recognition, signature dynamics.
They also include keystroke dynamics, gestures, but there aren’t too much data storages for such information yet.