U.S. markets close in 59 minutes

  • S&P 500

    4,219.04
    -27.55 (-0.65%)
     

  • Dow 30

    34,029.13
    -270.20 (-0.79%)
     

  • Nasdaq

    13,979.80
    -93.06 (-0.66%)
     

  • Russell 2000

    2,297.70
    -22.38 (-0.96%)
     

  • Crude Oil

    71.92
    -0.20 (-0.28%)
     

  • Gold

    1,835.30
    -21.10 (-1.14%)
     

  • Silver

    27.47
    -0.22 (-0.81%)
     

  • EUR/USD

    1.2019
    -0.0114 (-0.94%)
     

  • 10-Yr Bond

    1.5810
    +0.0820 (+5.47%)
     

  • GBP/USD

    1.4002
    -0.0080 (-0.57%)
     

  • USD/JPY

    110.4600
    +0.4260 (+0.39%)
     

  • BTC-USD

    38,699.43
    -1,906.62 (-4.70%)
     

  • CMC Crypto 200

    961.42
    -31.05 (-3.13%)
     

  • FTSE 100

    7,184.95
    +12.47 (+0.17%)
     

  • Nikkei 225

    29,291.01
    -150.29 (-0.51%)
     

Global Biometric Authentication Systems Market Report 2021: Opportunities in Partnerships and Collaboration with Hardware, IT, and Network Technologies Vendors

·3 min read

DUBLIN, June 16, 2021 /PRNewswire/ -- The "Improving Customer Journeys with Biometric Authentication Systems" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo
Research and Markets Logo

The global biometrics market is growing fast because of the ubiquity of some biometric modalities, such as fingerprint and facial recognition. The deployment of biometric technologies is increasing across different business sectors because of their ease of use, high security and assurance, and quick scalability.

In recent years, businesses have been applying biometric technologies for identification, verification, and authentication processes, particularly to enhance customer journeys and improve the customer experience (CX). Consumers are demanding more secured customer journeys but not at the expense of a poorer CX.

Passwords are becoming obsolete for businesses and end-users alike because they are difficult to remember, can be easily hacked, tend to make the authentication process longer, and increase the probability of breaches. In 2020, hacker attacks increased three-fold in one year. Biometric technology advancements are helping organizations come up with more innovative business processes that can strike an adequate balance between security and CX simultaneously.

Advanced biometric modalities, such as behavioral biometrics, palm vein biometrics, and artificial intelligence (AI)-powered biometrics, are gaining traction based on the need for higher accuracy and faster response times for high-end deployments.

Biometric technologies are becoming a critical element for businesses' digital transformation roadmaps, and the emergence of new CX use cases enabled by advances in AI, Internet of Things (IoT), and digital payments assures a bright future for this segment of the market. This report analyzes different trends, use cases, market opportunities, and drivers and restraints of biometric applications for an enhanced CX.

Key Topics Covered:

1. Strategic Imperatives

  • Why is it Increasingly Difficult to Grow?

  • The Strategic Imperative

  • The Impact of the Top Three Strategic Imperatives on the Biometric Authentication Industry

  • Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis - Biometric Authentication

  • Definitions

  • Evolutions of the Contact Center

  • Approaches to Authentication

  • Biometric Authentication and the CX

  • Growth Environment - Evolution of Identity Authentication Techniques

  • How Do Biometric Systems Work?

  • Biometric Authentication Modalities

  • Key Metrics for Measuring Biometrics Technology

  • Biometric Modality Options in the CX Space

  • State of the Biometrics Market

  • Benefits of Biometric Authentication

  • Limitations of Biometric Authentication

  • Biometric Authentication Use Cases in the CX Space

  • Key Trends Across Sectors

  • Strategic Factors for Vendors

  • Growth Drivers - Biometric Authentication Market

  • Growth Restraints - Biometric Authentication Market

  • Biometric Solutions - Decision-making Factors

  • Key Deployment Considerations for End-user Organizations

3. Biometric Authentication Provider Profiles

  • Biometric Authentication Provider Profiles

  • Vendor Profile - AU10TIX

  • Vendor Profile - Authenteq

  • Vendor Profile - Nuance

  • Vendor Profile - Phonexia

  • Vendor Profile - Onfido

4. Growth Opportunity Universe - Biometric Authentication

  • Growth Opportunity 1 - Partnerships and Collaboration with Hardware, IT, and Network Technologies Vendors

  • Growth Opportunity 2 - Integration with Conversational AI Solutions

  • Growth Opportunity 3 - Multimodal Biometrics

  • Growth Opportunity 4 - AI and Blockchain

  • Growth Opportunity 5 - Integration with Payment Systems

For more information about this report visit https://www.researchandmarkets.com/r/g9e9aq

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/global-biometric-authentication-systems-market-report-2021-opportunities-in-partnerships-and-collaboration-with-hardware-it-and-network-technologies-vendors-301313966.html

SOURCE Research and Markets

Recommended Stories

  • Real Estate Developer Beijing Shokai Canada Announces Phase I of Its Vancouver West Side Townhome Community, West Oak, Is Now 90% Sold

    Beijing Shokai Canada Limited (Shokai Canada) is pleased to announce the tremendous success of their Phase I sales for West Oak, a residential presale project located at the corner of West 49th Avenue and Oak Street in Vancouver's West Side. Launched in early-April, Phase I of the 63-unit prestigious townhome community is 90% sold, phase II is expected to launch in the coming weeks.

  • Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

    Prices have dropped from record highs spurred by the economic reopening, potentially pointing to an eventual return to normalcy.

  • This is why almost half of cargo ships are sailing around empty

    How do transport markets interact with markets for world trade in goods? The delays in trade costing billions caused by both the blockage of the Suez Canal by the megaship Ever Given, as well as the shortages in transport supply generated in the later phase of the COVID pandemic, have reminded the world of the vital role the transportation sector plays in world trade. While under more ordinary circumstances the role of transportation remains somewhat invisible, new research is finding how the market for shipping services can influence trade flows, the products that countries sell abroad, and the way in which price shocks reverberate through trade.

  • EV manufacturer Proterra makes public debut on the Nasdaq

    Proterra is making its public debut on the Nasdaq. Proterra Chairman and CEO Jack Allen joins Yahoo Finance Live to discuss.

  • GM says it will now spend $35 billion on electric and autonomous cars

    General Motors ups its game on electric vehicles.

  • Exxon Stock Could Rise 40%, With Big Dividend Growth

    Bank of America analyst Doug Leggate says the oil company is likely to raise its dividend by the fourth quarter, capping a turnaround for the stock.

  • How Lina Khan will impact big tech

    U.S. Representative Pramila Jayapal (D-WA), joins Yahoo Finance Live to discuss Biden’s pick for FTC chair and the antitrust legislation on big tech.

  • DraftKings slammed by Hindenburg Research

    Hindenburg Research has chosen DraftKings as its next target.

  • 5 Key Retirement-Planning Steps Everyone Should Take

    Retirement planning is a multistep process that evolves over time. To have a comfortable, secure—and fun—retirement, you need to build the financial cushion that will fund it all. Planning for retirement starts with thinking about your retirement goals and how long you have to meet them.

  • Uranium Investors Have Become Overly Reactive

    A group of uranium mining companies saw their stock prices plunge after a performance issue was flagged at a Chinese nuclear power plant. The reaction seems overdone.

  • Texas Targets Wall Street in Fight Over ESG Investing

    (Bloomberg) -- Texas is drawing battle lines in a fight against investors and companies turning their backs on fossil fuels.Governor Greg Abbott signed a bill into law on Monday banning state investments in businesses that cut ties with the oil and gas industry. The underlying message, according to one of the most powerful energy regulators in the state, is simple: Boycott Texas, and we’ll boycott you.The new measure is Texas’ Republicans latest rebuke of ESG investing as the state clings to its

  • Semiconductor Companies: Where Are They In The Chip Cycle?

    The chip industry has seen tremendous growth in recent years, but hit a soft patch in late 2018. What you need to know about this cyclical industry.

  • Top Railroad Stocks for Q3 2021

    The railroad industry is one of the major components of the transportation sector and is closely tied to the economy's growth. Railroad companies operate vast networks that transport agricultural products, packaged foods, commodities, electronics, and other goods to companies and consumers. Major companies in the industry include Union Pacific Corp. (UNP), Norfolk Southern Corp. (NSC), and CSX Corp. (CSX).

  • Why is Exxon Mobil Trending Higher?

    The multinational oil and gas company, Exxon Mobil Corporation (XOM), is witnessing a steady rise in its share price. Oil prices are hitting two and a half year highs, and the Street is signaling a positive outlook for the Oil & Gas sector as a whole. Shares rose 3.6% to close at $64.33 on June 15. (See ExxonMobil stock chart on TipRanks) BofA Securities analyst Doug Leggate recently maintained a Buy rating on the stock with a price target of $90, implying 40% upside potential to current levels.

  • Silicon Valley Insider Trading Bust Nets Biology Teacher-Bookie

    (Bloomberg) -- A Silicon Valley high school teacher who moonlighted as a sports bookmaker was tagged by federal authorities with another moniker: inside trader.U.S. prosecutors want Benjamin Wylam, a 42-year-old biology teacher in Santa Clara, California, to pay back $999,000 of more than $1 million they claim he earned using inside information given to him by his best friend who was an executive at Infinera Corp., a small-cap digital optical network maker.The Securities and Exchange Commission,

  • America is sick and tired of its old clothes: Morning Brief

    Yahoo Finance’s Myles Udland, Julie Hyman, and Brian Sozzi discuss the standout category from May’s retail sales.

  • Top Pharmaceutical Stocks for Q3 2021

    These are the pharmaceutical stocks with the best value, fastest growth, and most momentum for Q3 2021.

  • Morgan Stanley CEO: If you want to make NYC money, come back to NYC

    Myles Udland, Brian Sozzi, and Julie Hyman breakdown Morgan Stanley CEO's comments on returning to the office, which detailed a strong position in returning to office in September or risk experiencing pay cuts.

  • U.K. to Import Norway’s Cheap Hydro-Power Along Sub-Sea Cable

    (Bloomberg) -- The first megawatts of electricity will flow between Norway and the U.K. Wednesday along the longest submarine power cable in the world. Once fully operational Britain is expected to import supplies of low carbon power on a regular basis.Tests on the 1,400-megawatt, 450-mile long cable will be complete in time to transport power from Norway’s hydro reserves this winter. In return, Britain will be able to send Norway its excess wind-generated power.“We expect Norway to export fairl

  • Why Nio Stock is Trading Higher?

    The Chinese Electric Vehicle manufacturer Nio Inc. (NIO) has witnessed steady gains in its stock price over the past month. The stock is up around 37% and closed 2% higher on June 14 at $46.55. The Good News? Nio has had a series of good news coming its way, with the latest being that construction of its second factory has begun, and the plant is expected to start manufacturing in the third quarter of 2022. The news was confirmed by CEO William Li at a recent event in China. (See Nio stock analy