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Growing Demand for Biometric Readers

Voice and fingerprint recognition hardware and software designs have advanced and improved greatly over the past few years.

According to a recent report by the technology advisory company TechNavio, consumers are using biometric readers more often and requests for biometric technology have skyrocketed.

Several factors play into the market demand:

– Biometric security systems have become easier to mass produce and distribute.
– Mobile phone and biometric authentications have become linked because of partnerships between companies that provide phone-based authentication and companies that provide biometrics authentication.
– Mobile users are also fueling demand in other ways. TechNavio found that more users are seeking better security for online transactions. Additionally, banks have focused their efforts on educating the public about the technology used. This push has made people in general, non-mobile and mobile users alike, more aware of the technology’s potential.

For biometric sustems, TechNavio has predicted a compound annual growth rate (CAGR) of 156 percent from now until 2018.

Paragon Security NYC offers a wide array of biometric readers and access control systems suitable for all types of commercial and business establishments. Contact them today to find out how you can use this technology for your security needs!

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