Tractica says biometrics technologies ‘fit every industry’
21 July 2016 15:10 GMT

Tech-focused research organisation Tractica has found in a new report on enterprise applications for biometrics that the security method can be applied across industries.

The firm states that this is the case because, regardless of the vertical market, companies have IT systems that require logon, physical facilities with restricted access, or employees who clock-in and clock-out.

“Biometrics can make all of those processes faster and more secure. The emergence of cloud computing, bring your own device (BYOD), and other scenarios mean that many times, system users are not in a controlled environment.”

 Tractica forecasts that global enterprise biometrics revenue will reach $1.7 billion by 2024, with cumulative revenue for the 10-year period totaling $7.9 billion at a compound annual growth rate (CAGR) of 28%.

“Nearly every biometrics vendor has something to offer for these use cases, but most vendors focus on specific industries. With moderate revenues and vendors focused on verticals, it is likely that enterprise use cases will be addressed opportunistically”.

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