Frost Radar™: Biometric Authentication Solutions, 2022

The global biometrics industry is entering a new development phase for its solutions. It is no longer about what type of biometric scans you build the software or hardware scanners to capture; rather, biometric solutions now seek to define and position themselves in the industry based on what they can use an individual’s biometrics to help them accomplish, be it authenticating identity as true and valid or verifying against an established security database. Biometric authentication solutions have two main roles: they must enable users to enroll or register themselves and their biometric data; and they must allow users to authenticate their identities in future uses of that service or platform with a biometric scan against the stored user data. The high security needs associated with the handling of a user’s biometric data, coupled with the need for these authentication processes to be simple for the user to enact, are a balance that vendors are trying to strike with their solutions. The vendors profiled here were selected at the analyst team’s discretion regarding the key functions of an authentication solution. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes numerous companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Author: Danielle VanZandt