Biometrics for Enterprise Applications: Doorway to Desktop, Enterprise IT Security, Identify Persons of Interest, Personalized Hospitality/Entertainment, Physical Building Access, and Time and Attendance - Market Analysis and Forecasts

NEW YORK, July 20, 2016 /PRNewswire/ -- Biometrics technologies fit every industry. 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. Stolen passwords are more dangerous than ever but biometrics can mitigate that risk. Likewise, biometrics can mitigate physical risks such as stolen or shared building access cards and buddy-punching time clocks. Biometrics can make a difference in just about any industry.

The enterprise use cases for biometrics are already understood: for example, system logon, building access, and clocking in. However most have only recently have been attempted with biometrics. Among these use cases, logging on to enterprise IT systems is by far the largest and is often satisfied with an inexpensive software solution or with fingerprint readers, among the most affordable biometrics hardware. Therefore, the horizontal enterprise biometrics market is relatively small compared to industry-specific markets: starting from a base of $183 million in 2015, Tractica forecasts that glbal 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/biometrics-for-enterprise-applications-doorway-to-desktop-enterprise-it-security-identify-persons-of-interest-personalized-hospitalityentertainment-physical-building-access-and-time-and-attendance---market-analysis-and-fore-300301617.html

SOURCE Reportlinker

[ Back To TMCnet.com's Homepage ]