Fingerprint authentication, safe lockers with retina scanning, and the grand heist – all the classic elements of sci-fi movies have now become reality. The growing popularity of mobile biometrics as the best source of identity authentication explains the enormous market size of this product. While this market is beginning to slow its growth, it’s still expected to develop at an incredible rate through 2021, with many opportunities for mobile biometrics companies.
While this market is beginning to slow its growth, it’s still expected to develop at an incredible rate through 2021, with many opportunities for mobile biometrics companies.
2018: Year of the metamorphosis of mobile biometrics
Pegged as “the hottest security area of interest”, mobile biometrics has become an integral part of our daily lives. The history of biometrics can be traced back to 1858, when Sir William Herschel, working for the Civil Service of India, created the first systematic capture of hand images for identification purposes. Fast-forward to 2001, face recognition was used at the Super Bowl in Florida. Today, mobile biometrics has become the norm for every kind of identity authentication process.
At Technavio, this lucrative technological vertical is closely followed. Alongside a comprehensive market research report on this subject, here are the ten mobile biometrics companies that are expected to dominate in 2018, and beyond.
Top 10 mobile biometrics companies: An informed look.
1) BehavioSec | HQ: Sweden
What are they good at?
Prevention of fraudulent activity through non-invasive biometric authentication methods that analyze user behavior.
In the news for:
- Raising $17.5 million Series B investment, led by Trident Capital Cybersecurity.
- Collaborated with Crossmatch – a globally-recognized leader in biometric identity management and secure authentication solutions, to incorporate keyboard-capture as an authentication factor into the company’s enterprise security application.
2) SensiPass | HQ: Ireland
What are they good at?
The recognized thought leader in interactive identity assurance systems, SensiPass eliminates the need for passwords and PINs by replacing them with a simple interaction with the user’s own biometric.
In the news for:
- The company created a 3-step mobile biometric authentication process to protect digital, physical, and human assets from internal and external criminals.
3) B-Secur | HQ: Colombia
What are they good at?
With fingerprint and iris scanners becoming passé, B-Secur is developing the next generation ECG-based biometric authentication system.
In the news for:
- The company is taking the technology of contactless payments further by developing state-of-art secure digital payments solutions.
4) AimBrain | HQ: United Kingdom
What are they good at?
AimBrain is the only multi-module biometrics platform that allows institutions to authenticate their customer’s identity on any device across any channel. Thus, security on any device, is what AimBrain specializes in.
In the news for:
- CEO Andrius Sutas and CTO Alesis Novik, the co-founders of AimBrain, made it to the recent list of ‘Forbes 30 Under 30 List’, ‘disruptors, entrepreneurs and innovators’.
5) Sekg | HQ: Spain
What are they good at?
Sekg is an expert at providing biometric data analysis to game developers, e-sports professionals, and streamers.
In the news for:
- EmotionalIRT that analyzes emotional responses using biofeedback devices, artificial intelligence, and big data techniques.
- Neuroboard– a platform that lets users discover which emotional responses they are having in front of any input, and brings tools to analyze, curate, and extract conclusions to take immediate action.
6) Socure | HQ: USA
What are they good at?
Socure is excellent at authentication of account origination. Their social biometrics solution reduces customer friction by reducing overhead costs and fraud losses.
In the news for:
- In December 2017, CB Insights named Socure as one of the top AI companies highlighting its advancements in Digital Identity Verification.
7) BioCatch | HQ: USA
What are they good at?
An expert in neural science research, behavioral biometrics, and cybersecurity, Biocatch helps secure the world’s largest banks and enterprises from next generation cyber threats. The company is known to have revolutionized the way organizations secure online assets, by developing a platform which identifies both human and nonhuman behavior online.
In the news for:
- The company has collaborated with Samsung SDS to build a powerful layer of fraud protection that works beyond the initial login process, integrating behavioral biometrics into its solution.
8) Apple | HQ: USA
What are they good at?
Apple is the first mobile company to launch fingerprint recognition technology in smartphones – something that was later followed by other smartphone giants like Samsung, HTC, and Motorola.
In the news for:
- Recently, Apple’s Face ID got the approval of HID Global as a turnkey application for mobile authentication.
9) Fujitsu | HQ: Japan
What are they good at?
Hand geometry biometrics solution named PalmSecure is Fujitsu’s ultimate contribution to the world of mobile biometrics. Rather than fingerprint readers or iris scanners, PalmSecure authenticates users based on vein pattern recognition.
In the news for:
- Itwillbe.org deployed the PalmSecure technology to register and recognize more than 11 million homeless children living in India, so that emotional, medical, and educational support can be provided to them.
10) 3M Cogent | HQ: USA
What are they good at?
Facial identification management solutions, mobile identification solutions, and biometric enrollment solutions are the three major specialties of 3M Cogent. The company is also known for its partnership networks with Siemens, Blackberry, Sun Microsystems, and Lockheed Martin.
In the news for:
- In 2017, the company completed the sale of its Identity Management Business to Gemalto.
