LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global behavioral biometric market 2016-2020 provides an analysis on the most important trends expected to affect the market outlook through 2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The top four emerging trends analyzed and identified by Technavio’s analysts for the global behavioral biometric market are:
Increasing adoption of multimodal biometrics
Technavio highlights the major trends affecting the behavioral biometric market, one of which is the implementation of multimodal biometrics for use in sectors such as healthcare, BFSI, transportation, automotive, and government. “Multimodal biometrics is an integration of a number of biometric technologies such as fingerprint, facial, voice, and others that can be used to prevent unauthorized access to ATMs, healthcare databases, mobile devices, and various online and offline applications,” explains Amrita Choudhury, Technavio’s lead analyst from the IT security research team.
The use of multimodal biometrics in the government sector has the potential to replace driving licenses, social security cards, welfare registration, and current electoral polling methods. Unauthorized access to restricted areas such as theaters, stadiums, exam control rooms, and scientific labs can also be controlled with the use of this technology.
Implementation of voice biometrics in the healthcare sector
Not only does voice biometrics offer end-to-end electronic processes that provide customer convenience, but it also ensures compliance with security regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) mandated by the US government. The increased use of mobile devices such as smartphones, tablets, and PDAs in the healthcare sector has led to the development of a number of apps for electronic prescribing, diagnosis and treatment, practice management, coding, and billing. These mobile apps are integrated with voice biometrics to avoid unauthorized access to patient records.
Adoption of voice biometrics in the BFSI sector
The use of internet for financial transactions through mobile devices such as smartphones, tablets, and laptops is very common these days, but it is also leading to a rise in the instances of cyber threats and fraudulent activities. All financial transactions provided by banks to their customers via telephone, mobile apps, and web require them to remember passwords, PINs, and card numbers to secure their transactions, which can be a tedious process. Voice biometrics eliminates all these drawbacks and provides secure access to bank accounts and helps end-users carry out financial transactions with ease by verifying their identity with just their voice.
Signature verification on smartphones
Technavio’s report also highlights signature-based verification, which is gaining prominence, thanks to the ever growing demand for mobile devices such as smartphones, laptops, and tablets. This technology helps in the mitigation of data theft. Advances in technology have led to the integration of dynamic signature verification in smartphones, which contributes toward securing financial transactions and provides greater convenience to end-users. Signature verification on smartphones provides end-users with a security token to access their banking and payment apps instead of remembering passwords.
“Signature verification on smartphones is used in a wide range of applications such as validation of online payments, e-government applications, access to bank account and personal records, and client validation that receives a service or a delivery as a substitute for passwords and handwritten signatures on printed documents,” says Amrita Choudhury, Technavio’s lead research analyst.
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