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Mobile biometrics to generate over £5bn revenue by 2018

The market for mobile biometric security products and services is expected to grow significantly over the next five years, according to new research.

Carried out by leading research, analysis and consultancy organisation Goode Intelligence, the report published this week predicts that 3.4 billion users will be using biometrics on their mobile devices by 2018 - generating over £5 billion worth of revenue for the industry.

It is also predicted that fingerprint sensors will become a standard feature in most high-end mobile devices by 2015.

Biometrics on mobile devices have been around since 1999, however the environment for such technology to be used in consumer devices has only recently become favourable. Previously, biometric security was mainly associated with high-end security in areas such as border control, but the arrival of the Apple iPhone 5S and Touch ID with fingerprint technology has radically changed the market, according to the report.

"Biometrics on mobile devices will flourish", said Alan Goode, the author of the study and founder of Goode Intelligence.

"Apple's decision to launch its latest flagship iPhone, the iPhone 5S with an embedded touch fingerprint sensor, was a pivotal moment for the biometrics industry and will accelerate the Consumerisation of Biometrics trend."

Goode predicts that consumer smart mobile device (SMD) manufacturers will aim to follow Apple in integrating fingerprint sensors into their products, causing a large surge in the biometrics industry.

Beyond smart phones, biometric technology could also be embedded into wearable electronics, as well as smart cars and houses.

"(Biometric technology) will become even more important in the post-smartphone world and will offer us a much more personal computing experience – in this world biometrics may well hold the key for identity and user interaction."