Abstract
NEW RESEARCH REPORT BY MERCATOR ADVISORY GROUP PREDICTS MARKET FOR BIOMETRICS SUPPLIERS TO APPROACH $7 BILLION BY 2010
Mercator Advisory Group research shows that the market for all forms of
biometrics from fingerprint scanning to voice verification is growing and
anticipates that the global revenues for biometrics will approach $7 billion
by 2010. This report examines the role of biometrics in payments both as a
single source of authentication or as an additional authentication factor.
“Biometric technology will continue to grow in adoption as an
authentication technique,” states Melanie Broad, Analyst in
Mercator Advisory Group' s Emerging Technologies Service and author of this
report. “Implementations of biometrics across the board have been slow
but steady. However, biometrics will have an important role to play in the
future as the technology continues to be used as a second form of
authentication for online authentication, ATMs, and in devices such as PCs,
laptops and cellular phones.”
The report looks at the market opportunities for biometric authentication with
regards to payments and reviews the various biometric scanning technologies
available. Biometric adoption is forecasted out to 2010 with consideration
given to different biometric technologies. The report also examines the
different adoption paths of contactless terminals and biometric readers at the
point of sale.
Both the market for single factor biometric authentication and multi-factor
biometric authentication are examined with an eye to the challenges and
opportunities the market segments will face. Among other hurdles, the problem
of distribution is discussed on both the merchant and consumer side.
The report identifies current implementations and technologies including a
look many of the stakeholders in the competitive landscape. These
stakeholders include biometric vendors and terminal manufacturers embedding
biometric features into their POS devices.
The report contains 28 pages and 4 exhibits.
Table of Contents
Index of Figures
Introduction
The Biometrics Market
- The Market For Biometrics
Roadblocks to Biometrics
- Cost
- Governance
- Efficacy
- Imperfection/False Positives
- Aging And Physical Change
- Device Failure
Biometrics And Payments
- Biometric As A Single Authentication Factor
- Biometric Authentication Settled Over ACH Presents Advantages
- Biometrics As An Additional Authentication Factor
- POS Authentication Via Biometrics/Transactional Biometrics
- Online Authentication Via Biometrics
- Banks/ATMs and Biometrics
- Mobile Payment Authentication
The Competitive Landscape
- Pay By Touch
- BIO-Key
- BioPassword
- Smart Metric
- Payment Terminal Manufacturers
- NCR
- Hypercom
- Ingenico
- VeriFone
Looking To The Future Of Biometrics
Index of Figures
- Figure 1: Breakdown by Type of Biometric Technology
- Figure 2: Biometric Market Growth (Projected)
- Figure 3: Cell Phones and Biometrics
