Biometrics Technology

The need for authentication and identification technology keeps on increasing exponentially with every year of technological advancement passing by. Using biological data that is unique to every individual is one of the best ways to determine and verify someone’s identity as it offers little to no room for error. That is part of the reason why the biometrics-as-a-service industry keeps on growing every year, expected to become worth over $2.9 billion by the year 2022. There is a multitude of reasons which make biometrics-as-a-service the ideal choice for many organizations and firms as opposed to investing in their very own internal biometrics systems and operations. One of the major advantages biometrics-as-a-service brings to its users is the fact that it allows you to avail a handy service and apply it to your system without having to worry about instability, affordable costs, and system maintenance. The upfront costs are low, there are little to no hidden or extra expenditur...

A recent study conducted by Research and Markets  found that the current value of the biometrics-as-a service (BaaS) market is about 1.20 billion US dollars (2017) and is likely to see  a  rapid growth by 2023. This growth is driven by the fact that it is very much affordable, easy to integrate and no headache of maintenance associated with it. As a result, more and more small and medium-sized companies are going for it. Let’s take for example the Safety Plus.  They are high-quality loss control and safety management service provider for more than 150 companies nationwide. They were facing challenges to authenticate visitors within their premise and looking for an IAM (Identity & Access Management) system. They already had an access control solution of their own, so all they were interested in was to add biometric functionality to it. Also, they wanted portability without taking the burden of developing and maintaining a complete biometric system. A...