Multiple forms of biometrics are projected to grow in coming years, market intelligence firm Tractica reported.

The popularity of biometrics technology is growing in popularity at enterprise organizations, which are beginning to utilize the technology for IT security, physical building access, time and attendance tracking, and identification purposes. Hybrid approaches, such as doorway to desktop – a combination of on-site and IT security – are also being employed by organizations.

According to a new report from the Boulder, Colo.-based Tractica, as enterprises around the world become more comfortable integrating biometrics into their processes and systems, annual sales of enterprise biometrics devices and software licenses will increase from $12.7 million in 2015 to $142 million in 2024. 

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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