Thank you to the team at TechNavio for naming M2SYS as a “key player” in the emerging biometric technology field for our multi-modal biometrics software platform that supports biometric modalities including: DNA, fingerprint, finger vein, palm vein, iris, and facial recognition.
The Technvaio report prognosticates a bright future for the global emerging biometrics technologies market, predicting a market currently valued at $555 million to quickly double in the next four years to $1.04 billion. Fueling the growth for these emerging biometric technologies is growth of the industry in: government, gaming, and healthcare.
The evolution of biometrics has seen a host of new modalities emerge that offer distinct advantages and higher levels of accuracy than traditional fingerprinting. Although several of these modalities have been released, others are still undergoing testing and have not reached the commercial or government markets or are on the cusp of widespread adoption. It’s only a matter of time before these new modalities prove their worth and supplant many of the traditional biometric modalities we are all used to seeing — fingerprinting being the best example.
For a full list of Technavio’s report, please click here.
Thank you to the staff at TechNavio for this important recognition!