Albany, NY -- (SBWIRE) -- 10/24/2016 -- Biometrics helps in verifying the identity of a person based on physiological or behavioral characteristics. Specifically, traditional authentication methods such as magnetic cards, personal identification cards, passwords or keys are vulnerable to attacks and can be easily stolen. Biometrics technology identifies an individual on the basis of their fingerprints, face, signature, DNA, iris, typing rhythms etc and provides convenient and secure authentication. With the thriving Internet-based commerce such as online banking and rising need for precise verification while accessing accounts, biometrics technology is considered to be the most convenient and simplest solution. Its permanent, measurable, universal and unique features ensure high level of information security and these are the key factors which would help to contribute to its growth by 2019.

As per the recent report published by TMR, the global biometrics technology market is expected to be worth US$23.31 bn by 2019. By application, the non-AFIS segment is expected to lead and account for 37.6% of the global biometrics technology market by 2019. On the basis of end user, the transport/visa/logistics segment led in the past and is expected to lead in the coming years. The segment is anticipated to account for 26.4% of the global market by 2019. By geography, North America is expected to lead in the market by 2019.

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Growing Applications in Government Sector to Boost Demand for Biometric Technology

Cases of kidnapping and people being held as hostage have increased in the recent past. Terrorist attacks are also on a rise. All these factors have increased the popularity of biometric security systems. The biometric technology is also being extensively used in the government sector. For instance, Aadhar cards and e-passports are making use of biometric technology. This technology has gained wide acceptance owing to their ease of use. Where forgetting passwords is human tendency, the implementation of biometric systems negates the need to remember access codes and passwords. This is further driving their demand.

Unreliability of Biometric Systems Could Fail Consumers, Hamper Growth

Biometrics such as voice or iris recognition is not entirely reliable during sickness. Eye defects can cause a difference to the eye and lead to failure in being recognized by the biometric system. Similarly throat infections altering the voice lead to a failure in identifying a person. Additionally, the biometric fingerprint systems fail to recognize fingerprints of people working in the chemical industry. Due to all these reasons, biometrics technology appears unreliable, hampering the growth of the market.

Another factor that acts as a restraint and dampens adoption of biometric systems, is the high cost, says a TMR analyst. Small industries cannot afford these systems and prefer user name and password, authentication tokens, and smart cards, affecting adoption rates of biometric technology.

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Multimodal Biometrics to Meet High Performance Requirements and Open Growth Opportunities

To improve security, multimodal biometrics is being used. Multimodal biometrics make use of more than one physiological or behavioral characteristic for verification and identification. The use of this technology solves the problem regarding inability of these systems to identify a person in case of any change in voice/iris due to sickness. Multimodal biometrics do not rely on just one area of identification, so even if the fingerprint authentication fails, the iris and voice recognition identifiers can give access to a person.