10 biometric trends to watch
The global biometrics market is developing rapidly, as conditions converge to create more demand for biometric technologies among consumers, enterprises and governments. No longer in the realm of science fiction of spy movies, biometrics can be used to access bank accounts on mobile devices and are being deployed across the globe for a varirty of purposes.
Consultancy Tractica indicates that use cases, above all else, define biometrics. The company released a white paper examining 10 trends that will be key in the evolution of the biometrics market, including:
- Market drivers are converging on biometrics
- Use cases sell; technology does not
- Non-consumer use cases dominate revenue, but at a cost
- Software-only solutions will be strong
- Finance will continue to be a strong vertical market
- Healthcare biometrics is the next big thing
- Vertical industry specialists can succeed
- Developing economies represent a good market opportunity
- Voice and speech recognition will be strong modalities
- New vendors entering the market will have tough times
These trends are based on the ongoing research and analysis that is part of Tractica’s Biometrics Advisory Service.
Key Questions Addressed:
- Which biometric modalities will be adopted for various use cases and industry applications?
- How are biometrics end users making their purchase decisions, and what types of business models are emerging to serve the market?
- What are some of the most promising industry sectors for adoption of biometrics?
- What types of biometrics solutions will be in greatest demand as the market continues to grow?
- What are the competitive dynamics that exist in today’s market for biometrics vendors, and how will they change in the years ahead?
- How will the development of the biometrics market vary in different regions of the world?
SMARTRAC unveils new pre-laminate
SMARTRAC has introduced its new SMART-LOOP PRELAM that offers benefits to manufacturers of ultra-high frequency eID documents. The benefits include extended read range with a very small antenna, minimal thickness of 100 to 250 micrometers and increased mechanical durability. These features also translate into less complexity, resulting in easier handling of the pre-laminates during eID document manufacturing processes.
The wire-embedded UHF PRELAM uses inductive coupling technology and consists of two components: the chip and chip loop on a thin carrier bonded via flip-chip-assembly; and the wire-embedded antenna that is connected to the chip loop via inductive coupling.
The absence of any intermetallic connection between chip and antenna is designed to make the chip more durable. To underline this, SMARTRAC is granting eID document manufacturers a 10-year warranty.
Authenticity platform closes funding round
Chronicled Inc. announced that it closed $1.4 million in convertible note financing. Investment firm Colbeck led the funding round, with participation from Mandra Capital, Pantera Capital, Social Starts, and Seattle Seahawks RB Marshawn Lynch, in addition to the Company’s four co-founders and other angel investors.
The company intends to use the funds to continue building its consumer authenticity platform, which it will launch for limited edition sneakers in autumn 2015. Chronicled eliminates knock-off sneakers from the market by attaching wearable sensors — Smart Labels —t o shoes, using an open registry and various applications to track authenticity, ownership, and provenance. Chronicled has partnered closely with Identiv in the development of the encrypted microchips included inside of the Smart Labels.