The biometrics industry, while fairly mature, has seen a recent resurgence in interest from customers that are seeking new ways to harden their security capabilities and harness new security measures to prevent increased fraud or theft due to mistaken or fraudulent identity. While identity verification has remained tied to a physical credential held by an individual—be it a physical ID card, token, or specific username and password credentials—these identity verification measures have all been found to be vulnerable to hacking or theft. By using a person’s physical biometrics—whether a fingerprint, face, iris, voice, or veins in the palm or finger—as well as new biometric solutions that center on an individual user’s behaviors—their gait, speech style, interactions with a system or application—as a user’s identity credential, organizations can feel much more secure in knowing that the individuals accessing specific services or applications are truly who they claim they are. Outside of the traditional use cases for biometrics, such as financial and payment processing transactions or border security and national ID programs, new biometric use cases are being found through more digitized access control systems, digital identity programs for airport travelers or retail partners, and commercial entities looking to update their access policies or include more robust controls. In addition to broader use cases for biometrics, the need for increased accuracy and technical capacity of many solutions to use multiple biometric modalities to carry out accurate scanning, verification, and authentication have accelerated the market’s trajectory.
Research Scope
This research service includes competitive insights on top vendors within the global biometrics market for security use-cases as well as Frost & Sullivan’s proprietary Frost Radar™ benchmarking analysis. This benchmarking evaluates each vendor in terms of overall revenue growth, product and solution offerings, growth strategy, commitment to innovation, and understanding of current and future market trends. The vendors profiled were determined at the analyst team’s discretion regarding solution focus solely on biometric solutions tailored to specific security applications and carried out through physical and behavioral biometric identity solutions. Benchmarking analysis and information includes:
- Short company descriptions and highlights
- Current product and solution offerings
- Growth strategy, including partnerships and merger and acquisition activity
- Technical innovation or solution improvements or new biometric product lines
- Market opportunities, including new market growth, customer acquisition, and Mega Trends leverage
Key Issues Addressed
- Who are the top companies within the Frost RADAR™, according to Growth and Innovation indices?
- Which companies lead the biometrics market in terms of Innovation?
- Which companies lead the biometrics market in terms of Growth?
- Which Mega Trends and current technical innovations are influencing current biometrics solutions throughout the security ecosystem?
- What are the significant partnership and customer growth opportunities available to biometrics and digital identity providers?
Author: Danielle VanZandt
Strategic Imperative
Growth Environment—Evolution of Identity Authentication Techniques
Growth Environment
Criteria for Frost Radar™ Plotting
Frost Radar™: Biometric Solutions within the Security Industry
Frost Radar™: Competitive Environment
Frost Radar™: Competitive Environment (continued)
AnyVision
Aware
BioCatch
Cognitec
Daon
DERMALOG
FaceTec
Fingerprint Cards
Fujitsu
HID Global
IDEMIA
Innovatrics
M2SYS
NEC
Panasonic
Samsung SDS
Suprema
Thales
Veridium
Strategic Insights
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
Frost Radar™ Empowers the Board of Directors
Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
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Impacting your company's future growth potential.
Research Scope
This research service includes competitive insights on top vendors within the global biometrics market for security use-cases as well as Frost & Sullivan’s proprietary Frost Radar™ benchmarking analysis. This benchmarking evaluates each vendor in terms of overall revenue growth, product and solution offerings, growth strategy, commitment to innovation, and understanding of current and future market trends. The vendors profiled were determined at the analyst team’s discretion regarding solution focus solely on biometric solutions tailored to specific security applications and carried out through physical and behavioral biometric identity solutions. Benchmarking analysis and information includes:
- Short company descriptions and highlights
- Current product and solution offerings
- Growth strategy, including partnerships and merger and acquisition activity
- Technical innovation or solution improvements or new biometric product lines
- Market opportunities, including new market growth, customer acquisition, and Mega Trends leverage
Key Issues Addressed
- Who are the top companies within the Frost RADAR™, according to Growth and Innovation indices
- Which companies lead the biometrics market in terms of Innovation
- Which companies lead the biometrics market in terms of Growth
- Which Mega Trends and current technical innovations are influencing current biometrics solutions throughout the security ecosystem
- What are the significant partnership and customer growth opportunities available to biometrics and digital identity providers
Author: Danielle VanZandt
| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Danielle VanZandt |
| Industries | Aerospace, Defence and Security |
| WIP Number | PB50-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 99D5-A1 |
Frost Radar™: Biometric Solutions within the Security Industry, 2020
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
17-Nov-2020
Global
Frost Radar
