Multimodal Biometric Time and Attendance Systems to drive global biometric market, research reveals
The biometric time and attendance systems and workforce management solutions’ market is expected to reach close to USD 26.57 billion in revenue by 2019, a new research report by Techavio has been able to suggest.
The ‘Global Biometrics Market in Workforce Management 2015-2019’ suggests that the global biometric monitoring market in workforce management is likely to grow at a CAGR of close to 27% over the next four years, with multimodal biometric solutions representing a significant driver for growth.
Biometric monitoring systems have emerged as highly reliable security solutions to monitor employee behavior, in educational institutions, commercial buildings, and utility infrastructures that are most prone to unauthorized access. The market for biometrics monitoring systems will thus witness a likely increase by the end of 2016, thanks to large scale government spending in infrastructure projects in the US and China, and upcoming events such as the World Expo 2020 in Dubai, UAE.
“Multimodal biometrics includes a combination of two or more biometric technologies to identify and verify individuals. In certain situations, one form of biometric identification does not provide an accurate match of identity of an individual. Multimodal biometrics provides more accuracy as it identifies an individual through a combination of two or more biometric technologies such as fingerprint, iris, and voice recognition,” said Amrita Choudhury, one of Technavio’s lead analysts for automatic identification system research.
“These biometric systems are more accurate, reliable, secure, and help prevent spoofing attacks. Therefore, these systems are likely to be accepted for time and attendance monitoring due to its reliance on multiple biometric technologies, rather than a single biometric characteristic for identification,” added Amrita.
Tensor plc – the go-to company for secure and reliable biometric time and attendance systems
Biometric technology uses human physical attributes as locks and keys, making it particularly suitable for access control systems on the buildings of large organisations. Using biometrics for security and identification requires meeting two challenges: they must be cheap enough and sufficiently simple to be used by ordinary users.
Furthermore, for enhanced security, these biometric access control systems should combine two or more types of authentication, such as coupling fingerprints with key codes or passwords to provide greater trust that who is logging in is only who is expected to do so.
Tensor Plc, the UK’s number one manufacturer and installer of time and attendance and access control systems, supplies a range of top-range, reliable and affordable biometric time and attendance systems based on Smart Card electronics combined with a biometric fingerprint reader.
If you’d like to find out more about the extensive range of access control solutions supplied by Tensor, just contact us or Book a Demo, we’d be more than happy to answer all of your questions and queries.