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Biometrics in Cellphones

  • February 2014
  • 18 pages
  • Frost & Sullivan
Report ID: 2027626

Summary

Table of Contents

Biometrics Uptake Being Driven by Smartphones

Executive Summary

- The objective of smartphone biometrics is to secure the user login process for enabling more dependable user identification.
oUsing instinctive technology such as fingerprint recognition will enable consumers to easily secure their devices and make payments.
oVoice recognition will be the dominant technology to be used by financial institutions.
- Revenues from biometrics to be used in smartphones globally are likely to increase from $xxmillion in 2011 to $xx million in 2015.
oIn 2014, more than xx million smartphones with biometric technology are expected to be shipped worldwide, thereby fuelling the growth in consumer electronics biometrics.
oGlobally, biometric smartphones will increase the compound annual growth rate (CAGR) for consumer electronic biometrics by at least xx% during the next five years.
oA key contributing factor in this growth will be increasing the demand for personal devices, which can conduct safe financial transactions.

Overview

- The use of biometrics for authentication in phones and laptops is not a new phenomenon. Laptop makers such as Lenovo and a number of smartphone and tablet manufacturers have already incorporated biometrics to authenticate their users.
oHowever, the market penetration of these personal devices with biometric authentication is merely xx% for PCs and laptops—as has been estimated by FIDO Alliance, an industry group focused on open standards for authentication—missing expectations from the biometric industry.
- The growing ubiquity of smartphones and the rapid and dramatic developments in their features have seen more users turning to use their phones to pay online bills, check personal and official mails, social networks, recording transaction details, store large quantities of data, etc.
oThis growing trend has compelled more companies to opt for more secure authentication solutions, the nearest being biometrics. Apple’s decision to include a fingerprint scanner in its new upmarket iPhone 5S and its successful integration has helped in bringing biometrics-based authentication into the mainstream.

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