Enterprise biometrics market to reach $1.7 billion by 2024, research forecasts

The horizontal enterprise biometrics market is set to reach a$1.7 billion by 2024, with cumulative revenue for the 10-year period totalling $7.9 billion at a compound annual growth rate (CAGR) of 28%, a recent research report from Tractica suggests.

The research report points out that the enterprise use cases for biometrics are already understood: for example, system logon, building access, and clocking in. However most have only recently have been attempted with biometrics. Among these use cases, logging on to enterprise IT systems is by far the largest and is often satisfied with an inexpensive software solution or with fingerprint readers, among the most affordable biometrics hardware.

The paper also points out that the emergence of cloud computing, bring your own device (BYOD), and other scenarios mean that many times, system users are not in a controlled environment, with stolen passwords being more dangerous than ever.

However, biometrics can mitigate that risk, as well as physical risks such as stolen or shared building access cards and buddy-punching time clocks.

Tensor Plc — your partner of choice for deploying secure enterprise biometrics

As the UK market leader in the field of access control and time and attendance solutions, Tensor supplies an extensive range of products that actively employ biometric authentication, including fingerprint readers, hand scanner terminals and eye recognition solutions.

The biometric readers in Tensor's T34xx series feature an elegant case and are easy to use. They target specifically those users who want the absolute peace-of-mind, certainty and the assurance that only the right people can gain access to your sensitive or dangerous areas.

The biometrics solution supports Control and Reset functions, and also comes equipped with a range of connectivity options, such as one RS485 interface to clock and External Scanner interface, 1 port with full modem control ( Modem RS232 Interface) and 2 SPI ports (one port is used for scanner interface).

If you'd like to find out more about the range of biometric readers supplied by Tensor, not to mention the range of access control and Time and Attendance solutions they can be integrated into, just contact us or Book a Demo, our representatives will be more than happy to answer all of your questions and queries.