MEDIA RELEASE: Biometrics Institute releases results from 2017 Industry Trend Tracker: on-line identity verification, mobile payments/m-commerce and financial services seen as the most significant developments over the next five years.
The final report provides invaluable insights into different trends and important developments in the biometrics industry.
“Overall, over the next five years, there is expected to be a shift away from border control/security, mobile payments and, (especially) device access as development areas, towards on-line identity verification, government mobile applications, on-line payments/e-commerce and healthcare,” explains Isabelle Moeller, Chief Executive of the Biometrics Institute, “Other findings suggested that face dominates as the biometric thought most likely to be on the increase over the next few years, followed by Multimodal and Iris - all usurping Fingerprint. Behavioural biometrics are also on the increase.”
Europeans had higher expectations for Vein, Gait, Keystroke and Signature than the other regions analysed.
Respondents were asked to what extent they agreed or disagreed with a number of views expressed at Biometrics Institute meetings over the last year or so.
These responses were very illuminating with particular agreement that ‘getting the balance right between convenience, privacy & security is challenging’ and that ‘digital identity anchoring and the use of biometrics visa data sharing arrangements with Government agencies would be a positive’.
The Trend Tracker was circulated to all Biometrics Institute members, other key stakeholders and media contacts (around 6000 individuals altogether) in May 2017 and closed in early June 2017. Over 230 individuals from around the world responded to the survey.
The full report is now available to Biometrics Institute members as part of their annual membership from the the website resource library.
Results from the survey will be discussed at the upcoming Biometrics Institute events including the Biometrics Congress 2017 in London on the 1-2 November 2017 and the Showcase Australia in Canberra on the 15 November 2017.
The Biometrics Institute is the independent and impartial international forum for biometrics users and other interested parties with currently over 220 member organisations including government departments, financial services institutions, the aviation industry and also vendors of biometric products and services.
The Biometrics Institute has offices in Australia and the UK.