The proliferation of mobile devices and web applications has resulted in high instances of identity and data theft. This has led to a surge in demand for biometrics, which are widely used for mobile authentication purposes.
According to an article published by Reuters today, biometrics companies are now looking to new markets beyond smartphones. It uses Sweden-based Fingerprint Cards (FPC) as an example. FPC believes biometric smart cards will become its fastest growing market as early as 2018, with fingerprint identification being used for everything from shopping to commuting.
The global market for biometric technologies totaled $14.9 billion in 2015 and is expected to reach $41.5 billion by 2020. Read on to find out how biometric technologies and devices are being used in the Retail, Government, Hospitality and Education sectors.
The market for biometrics in the retail sector is expected to grow 21.30% during the period 2016-2020. Biometrics are being increasingly used for workforce management. The workforce is a major expense for any company, and in the retail sector it is imperative that it is managed effectively. This is particularly true for time management. Biometrics can eliminate manual input and identity card exchange.
However, the main application for biometrics in retail is for payment. Apple Pay is a good example of how this is being used. It allows consumers to pay for goods using the contactless near field communication (NFC) technology in their Apple products.
Security has become a key concern for government organizations, as well as individuals. 3D facial recognition technology is being used by governments in the homeland security, military, retail and BFSI sectors. It is also used for passport and visa programs, and by law enforcement agencies to identify criminals.
According to a report on biometrics in the government sector, several countries are increasing their spending on biometric techniques and are also planning to deploy biometrics at airports because of increased terrorist threats. The sector is expected to grow at a rate of 22.34% by 2019.
The hospitality sector is using biometrics for identification, monitoring and access control.
Smart bracelets have begun to gain importance, according to a report on biometrics in the hospitality sector. These bracelets are replacing traditional ticket and key card systems. One of the best known examples of this is the Disney MagicBand, which allows visitors to check-in at the park entrance, unlock their hotel rooms and purchase goods by touching the keypad of their smartphones.
Biometrics are also being used in the education sector, with a report forecasting 23.65% growth in the United States. This is largely due to concerns over security and violent activities that have occurred in the past.
Biometric identification systems are being used to grant access to classrooms, libraries, canteens, recreational facilities, and for other services like online examinations. It is also being used to address problems like class attendance, book borrowing and for organizing trips and tours.
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