Frost & Sullivan pegs the market for biometric readers at $50 million in 2011 and projects it to grow at a compounded annual rate of 48 per cent to reach $359 million by 2016. Fingerprint remains the preferred technology due to ease of usage.
Deepa Doraiswamy, industry manager, electronics and security practice at Frost & Sullivan attributes the low penetration levels to high cost of deployment amongst other factors. Moreover, due to absence of reader manufacturing environment, a substantial number of readers are imported. Lack of standards and service support along with shortage of trained workforce are also the other reasons, she added.
“Biometric systems are not yet applicable to users at large because of the high level of sophistications needed. Specialised equipment is required for methods including iris and fingerprint and hence the solutions are expensive,” said Sunny Rao, managing director - India and South East Asia of Nuance Communications. The company specialises in voice-based authentication platforms. “Though they are highly secure, success in these projects has been limited due to high investments required.”
Chennai-based Uniphore Software Systems has launched a voice-based authentication solution for rural banking, which also solves the problem of high costs related to biometric methods. To avail the service, users have to walk in to their bank’s regional centre to register with identity proof. Their voice samples would be recorded for the system to create ‘voice signatures’ (unique voice patterns of individuals).
Given the average literacy, voice would be the best solution for the rural population, said Umesh Sachdev, co-founder and CEO of Uniphore. The solution is easy to use, cost effective and scalable.
---
Autor(en)/Author(s): S Shyamala
Quelle/Source: mydigitalfc, 30.07.2012
Bitte besuchen Sie/Please visit:
