While fingerprint recognition has tended to see strong growth and revenues in the past, new biometric modalities like vein, iris, and facial recognition are seeing “strong adoption across industries,” according to Frost & Sullivan TechVision Senior Industry Analyst Swapnadeep Nayak.
That’s one of the key findings in Frost & Sullivan’s new report, “Cybersecurity Innovations in the Connected World.” In his commentary in a summary of the report, Nayak’s emphasis on the emergence of those upstart biometric modalities dovetails with last week’s developments concerning Apple’s newly announced iPhone X, which replaces the iPhone’s fingerprint-based authentication system with one based on facial recognition. Samsung, meanwhile has just released its Note8 smartphone, for which the biometric authentication focus is on iris scanning.
Looking beyond biometrics, however, Nayak makes a bolder claim, asserting that a convergence of technologies is leading to a future “Internet of Everything” that will “leverage a common secure cloud infrastructure with an unified application programming interface (API) for all application sectors.” It’s a strikingly optimistic outlook given the concerns in recent months and years over the lack of coherence and compatibility among IoT infrastructure, but one that is lent some plausibility with the recent surprise announcement of collaboration between Microsoft and Amazon concerning their Cortana and Alexa platforms.
More analysis and predictions can be found in the full report, available from the Frost & Sullivan website.