the transformation of the iris recognition market 2007 –...
TRANSCRIPT
presents
The Transformation of the Iris Recognition Market
2007 – 2020
april 11, 2007washington DCiPira biometric series
c. maxine mostacuity market [email protected]
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Markets Identification Solutions, Biometrics, Authentication
Services Market Analysis & Strategic PlanningOpportunity Assessment & AnalysisTechnology Adoption & Deployment Evaluations
Acuity Market Intelligence is an emerging technology strategy and research consultancy with a proven record of accurately anticipating biometric and associated identification solutions market trends.
©Acuity Market Intelligence April 2002
Technology Adoption & Deployment Evaluations
Clients Vendors, Solution Providers, Integrators, Investors, End Users
IBM
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Context
“Over the next 10 years the infrastructure to enable mainstream, ubiquitous biometric authentication will be developed. Biometrics will be a critical embedded component of the digital world, as it becomes a key enabler of trusted transaction control – data access and flow - for both personal and commercial use. This secure transaction capability will
How Will the Iris Recognition Market Evolve Through 2020?
©Acuity Market Intelligence April 2003
ultimately define the genuine opportunity for revenue associated with deployment of biometric technologies. The technology itself will, in many respects, become inconsequential as the applications it delvers become essential components of 21st century life. “
“The Future of Biometrics”, Acuity Market Intelligence, April 2007
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Today’s Discussion
Market Growth Industry ForecastsIris Recognition Forecasts
Market Evolution Solutions Adoption Meta Driver Demand Curves
Iris Transformation Drivers Mass Public Deployment
©Acuity Market Intelligence April 2004
Iris Transformation Drivers Mass Public Deployment Biometric Modality Evolution
Iris Market Snapshot Today and 2020
Iris Evolution Market Transformation Timeline
Keys to Iris Evolution Transformation Components
Perspective Driving the Future
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Market GrowthBiometrics Industry Forecast
Biometric Industry Revenues ( $m USD) 2007 - 2015
7 5628,334
9,259$9,000
$10,000$11,000
©Acuity Market Intelligence April 2005
1,4502,113
3,0063,842
5,5816,531
7,562
$0$1,000$2,000$3,000$4,000$5,000$6,000$7,000$8,000
2007 2008 2009 2010 2011 2012 2013 2014 2015Copyright ©Acuity Market Intelligence 2007
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Market GrowthComparative Adoption Rates
50%60%70%
ATM3
©Acuity Market Intelligence April 2006
0%10%20%30%40%
1975197719791981198319851987198919911993199519971999
MobilePC3
Internet1
ATM
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Market GrowthBiometrics Industry Forecast by Region
Worldwide Market Share 2007
North America
38%Central &
South America
Asia Pacific17%
©Acuity Market Intelligence April 2007
America3%
Europe, Middle East
& Africa42%
Worldwide Market Share 2015
North America
26%
Central & South
America11%
Asia Pacific34%
Europe, Middle East &
Africa29%
Copyright ©Acuity Market Intelligence 2007
Copyright ©Acuity Market Intelligence 2007
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Market GrowthBiometrics Industry Value Chain Forecast
$30,000
$35,000
$40,000Core TechnologyTechnology SolutionsApplication Point SolutionsIdentification Solutions
Value Chain SizingCore Technology represents a percentage of the overall revenues from biometrically
enabled identification solutions.
©Acuity Market Intelligence April 2008
$0
$5,000
$10,000
$15,000
$20,000
$25,000
2007 2008 2009 2010 2011 2012 2013 2014 2015Copyright ©Acuity Market Intelligence 2007
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Market GrowthIris Recognition Forecast
Iris Recognition Annual Revenue2007 - 2015
$1,481$1,600
$1,800
©Acuity Market Intelligence April 2009
$102 $169 $241$384
$670
$980
$1,210$1,334
$0$200
$400
$600$800
$1,000$1,200
$1,400
2007 2008 2009 2010 2011 2012 2013 2014 2015
US
D M
illion
s
Copyright ©Acuity Market Intelligence 2007
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Market GrowthIris Recognition Forecast Share of Market
Global Market by Technology2007
Vein3%Iris
7%
Voice5%
Signature1% Other
1%AFIS/Livescan
33%
Global Market by Technology2015
©Acuity Market Intelligence April 20010
Fingerprint25%
Face18%
Hand 7%
Copyright ©Acuity Market Intelligence 2007
Other4%Signature
10%
Voice13%
Iris16%
Vein10%
Face15%
Hand 1%
Fingerprint15%
AFIS/Livescan16%
Copyright ©Acuity Market Intelligence 2007
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Market GrowthIris Recognition Solutions Forecast
Iris Recognition Solutions Revenue2007 - 2015
$7,193$7,928
$8,807
$7,000$8,000$9,000
$10,000
©Acuity Market Intelligence April 20011
$604$1,005
$1,430
$2,284
$3,982
$5,824
$0$1,000$2,000$3,000$4,000$5,000$6,000
2007 2008 2009 2010 2011 2012 2013 2014 2015
US
D M
illion
s
Copyright ©Acuity Market Intelligence 2007
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Main StreetTechnology vs. Technology vs. Technology vs. Technology vs. Solution Life CyclesSolution Life CyclesSolution Life CyclesSolution Life Cycles SolutionSolutionSolutionSolutionSolutionSolutionSolutionSolution
Market Evolution
TodayTodayTodayTodayTodayTodayTodayToday
Solutions Adoption
©Acuity Market Intelligence April 20012
Early Markets
©Chasm Group
Late Market
TechnologyTechnologyTechnologyTechnologyTechnologyTechnologyTechnologyTechnologyEarly MarketsEarly Markets Main StreetMain Street Late MarketLate Market
ChasmChasm
©Acuity Market Intelligence©Acuity Market Intelligence©Acuity Market Intelligence©Acuity Market Intelligence
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Market EvolutionMeta Driver Demand Curves
Public Sector Market EvolutionIntegrated eBorders eID eGovernment passports, visas, border control National IDs, ID Cards ID verification, electronic access
Market Demand
Hi h
©Acuity Market Intelligence April 20013
2004 2006 2008 2010 2012 2014
High
Medium
Low
©Acuity Market Intelligence
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Market EvolutionMeta Driver Demand Curves
Enterprise Security Information Transactions Financial Transactions physical & logical access IP, accounts, private data POS, electronic payments
Commercial Market Evolution
Market Demand
©Acuity Market Intelligence April 20014
2004 2006 2008 2010 2012 2014
High
Medium
Low
©Acuity Market Intelligence
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Iris Transformation DriversMass Public Deployment
Emergence of Asia PacificHygiene Concerns
“Do Nothing” BiometricsNo User Positioning
©Acuity Market Intelligence April 20015
No User PositioningNo User Action
Changing Nature of RequirementsApplication Domains
PersonalPublic/CommercialCivil/LE
Transactions
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Iris Transformation DriversBiometric Modality Evolution
AFIS – low cost, ubiquitous criminal/civil ID Finger – freebie embedded in personal devicesFace – across application domains, limited targeted purposes
©Acuity Market Intelligence April 20016
Signature – public/commercial contractsVoice – personal and public commercial phone based transactionsVein – touchless prevails for public/commercial applications where active user involvement desiredHand – fades awayIris – public/commercial touchless, “do nothing”
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Iris Market Snapshot
Ubiquitous
Low Cost/High Performance
Flexible Form Factors
Embedded Capture Devices
Today 2020
Limited Deployment
Expensive
Awkward
Bulky Capture Devices
©Acuity Market Intelligence April 20017
Algorithm Agnostic
Broad Distance Range
Personal Device Integration
Passive Subject Acquiring
Solutions Portfolio
Consumer Control
Citizen vs Consumer Use
Mediocre User Experience
Algorithm Dependency
Limited Distance
Proactive Subject Positioning
“High End” Applications
Minimal Solutions Capability
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Iris Market EvolutionTransformation Timeline
Proven TechnologyAcceptanceSolutions PerspectiveConsolidationNew Market Entrants
Price/Performances Drops Widespread AdoptionDominant Players Emerge Implications Large Scale ID Understood
©Acuity Market Intelligence April 20018
2007 2010 2012 2015 2017 2020
ConvergenceCo-opetition Infrastructure Enabled
Large Scale ID ProgramsPrivacy Enhancing, SolutionsEnabled Transactions Personal Devices EnabledConsumer IrisRoutine Transactions
Ubiquitous IrisVolume Transaction Business
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Keys to Iris Evolution
Market RequirementsEmbeddedLow Cost/High PerformanceBuilt in Extensible SecurityNo/Low user Impact
Technology CapabilitiesFlexible Form FactorsDistance Capture Subject FindingSurveillance
Bridging the “Human-Machine Identity Gap”
Transformation Components
©Acuity Market Intelligence April 20019
No/Low user ImpactHygienic, Non Invasive100% Solution
Surveillance Environment Tolerant
Total SolutionsOperating Environment CraftedHuman Factors ConsiderationsEase of Enrollment Legal, RegulatoryPrivacy/Civil Liberty Protection
Business ModelsTransactions
Information & FinancialPersonal, Commercial, &
eGovernment
Service Based
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A confluence of factors including the emerging central role of the Digital Identity in IT, population mobility and workforce decentralization, demand for eGovernment services, near ubiquitous reliance on digital transactions, and the inevitability of broadband access everywhere will require a level of authentication available only through the use of biometrics.
The entry of sophisticated, well funded market players with technology expertise in high resolution image capture large scale data management and high speed processing and
PerspectiveDriving the Future
©Acuity Market Intelligence April 20020
resolution image capture, large scale data management and high speed processing, and pattern recognition and matching algorithms from varied fields such as robotics, astronomy, and intelligent video elevate technological capability and provide the requisite knowledge for the industry to leverage this opportunity and experience sustained growth.
Iris based access, identity, and surveillance applications will become integral to a range of solutions including border control, government ID programs, ATM usage and facilities, information and transactions security at nuclear and chemical plants, top secret military and intelligence facilities, and major financial institutions. Iris recognition will become a preferred method of authentication for two primary reasons. Capture technology will become increasingly more sophisticated operating accurately regardless of environmental conditions. Biometric authentication that does not require the user to “do anything” e.g. position themselves in relation to or have physical contact with a reader, will be prove safer (no transmission of germs) and more convenient for users.
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c. maxine mostprincipal640 w linden st, louisville, CO 80027+1 303.449.1897 [email protected]
Questions?For more Information
©Acuity Market Intelligence April 20021
www.acuity-mi.com
The Future of BiometricsMarket Analysis, Segmentation & ForecastsInsight into the Trends, Drivers & Opportunities
that will Shape the Industry through 2020