Biometric Authentication Statistics


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Biometric Authentication Statistics 2023: Facts about Biometric Authentication outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Biometric Authentication, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Biometric Authentication Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 65 Biometric Authentication Statistics on this page 🙂

Biometric Authentication “Latest” Statistics

  • Implementing biometric authentication sensors might be expensive and not necessarily 100% safe.[1]
  • According to experimental conditions, preliminary findings show that biometric authentication is possible and provide clear guidance for further work with an error rate ranging from 6% to 13%.[2]
  • In the aftermath of a breach, millennials are more likely to activate two-factor authentication than the entire population—32% vs 28% of the general population.[3]
  • 2% of businesses, according to Spiceworks, employ speech recognition for workplace authentication.[4]
  • Biological identification, according to Spiceworks, facial recognition is the second most popular form of authentication, and it is used by 14% of businesses.[4]
  • 93% of users felt iProov’s onboarding and authentication processes were simpler to use than anticipated.[5]
  • In each of the six nations, 70% of individuals use or want to utilize facial authentication for mobile banking.[6]
  • Over 50% of big and international organizations will switch from their current authentication solutions to identity corroboration centers by 2023.[7]
  • More than 60% of payment transactions using biometric authentication will be conducted remotely, according to a report by Juniper Research, and biometric authentication will safeguard transactions worth up to $2.5 trillion.[8]

Biometric Authentication “Other” Statistics

  • A Visa poll showed that 86% of respondents preferred using biometrics to authenticate their identity over using standard passwords.[1]
  • Not surprisingly, Spiceworks discovered that 24% of the businesses they surveyed in 2018 planned to deploy it over the following two years, adding to the 62% of businesses already using it.[1]
  • Using biometric technology, which ranges from fingerprint scanning to face recognition to signature dynamics and hand geometry, over 75% of Americans have done so.[9]
  • Millennials are 34% more likely than those over 17 to use a password manager, making it the most popular generation.[3]
  • Only 42% of millennials use complicated passwords that mix special characters, numbers, and letters, compared to 49% of respondents 55 and older. 41% of millennials reuse the same password again, compared to 31% of respondents 55 and older.[3]
  • 75% of millennials felt at ease utilizing biometrics, compared to 58% of those over 55.[3]
  • 67% of respondents say they are comfortable with biometric identification now, and 87% think they will be in the near future.[3]
  • Less than 50% of millennial respondents between the ages of 20 and 36 use complicated passwords, and 41% reuse passwords to access multiple accounts, even if they feel comfortable using biometrics today.[3]
  • In 2021, Juniper Research projects that more than 18 billion transactions will use biometrics, expanding at a compound annual growth rate of 83.7% from 2016 levels.[10]
  • According to Spiceworks, 57% of businesses utilize fingerprint scanning as their primary biometric identification method.[4]
  • In the Spiceworks poll, 48% of respondents named the possibility of biometric data being stolen as the biggest security concern associated with the technology.[4]
  • According to a Spiceworks poll conducted last year, 62% of businesses now use biometric identification, and another 24% aim to do so in the next two years.[4]
  • Only 28% of businesses use biometrics internally, while only 22% do so for cloud applications.[4]
  • Costs were mentioned as another impediment to adoption by 67% of respondents, followed by dependability issues at 59%.[4]
  • Other image-based identification techniques include iris or retinal scanning, palm vein recognition, ear recognition, and hand geometry recognition, which are all utilized by 5% of businesses.[4]
  • According to a National Institute of Standards and Technology research, biometric accuracy increased from 96% to 99.8% between 2014 and 2018.[11]
  • In 2021, compared to the year before, the demand for facial biometrics technology service grew by 41%.[11]
  • About 13% of the validations performed by our face biometrics technology in 2021 were flagged and thwarted as fraud attempts during the onboarding procedures of businesses.[11]
  • According to allied market research, the market for face biometrics is anticipated to reach 96 billion in 2022.[11]
  • 20% of the processes could only be completed over the phone or in person, so full online onboarding was not feasible.[5]
  • To avoid scheduling a DMV visit in person, 31% of Americans admitted to driving with an expired license.[5]
  • According to iProov data from a forthcoming study, 32% of customers worldwide lost their passwords during the last 24 hours.[5]
  • 35% needed one bank needed 39 clicks to enroll a client, whereas another just needed less than ten clicks to do it.[5]
  • 50% of people give up on online purchases because they can’t remember their password or it takes too long to retrieve it.[5]
  • iProov’s poll of respondents found that 70% use or want to utilize facial identification for mobile banking.[5]
  • 72% think it’s more crucial than ever to be able to verify someone’s identity. 81% think that in the future, more biometrics will be used to verify identities online.[5]
  • Globally, 72% of customers prefer facial biometrics over passwords for safe online transactions. Research from a future paper by iProov.[5]
  • Financial sector cybersecurity specialists are worried about the use of deep fakes for fraud in 77% of cases.[5]
  • 78% of businesses acknowledge they now cannot provide clients with an optimum digital experience.[5]
  • 80% of customers are more willing to interact with a company online if it has effective identity verification processes.[5]
  • Biometrics is a more secure means of identification verification by 81% of customers.[5]
  • 86% of those surveyed stated they would either certainly pay for an online driver’s license or ID renewal or would think about it.[5]
  • 88% of respondents think that there are more security dangers online. 51% of people worldwide claimed to distinguish between a genuine video and a deep fake; in 2019, that number was 37%.[5]
  • Nearly 330 million new bank accounts will be established digitally by 2025, up from 184 million in 2020; 18% of all digital banking onboarding will be done worldwide by 2025, compared to 4% in 2020.[5]
  • 30% of consumers use their mobile devices only for remote banking.[5]
  • Although Juniper Research predicts that by 2024, over 60% of biometrically confirmed payments will be done remotely, biometrics can authenticate both in-person and remote payments.[5]
  • According to a study by Fenergo, 36% of financial institutions have lost a customer or potential client because of ineffective or sluggish onboarding procedures.[5]
  • According to McKinsey, utilizing digitally enabled procedures may reduce onboarding expenses by 90%.[5]
  • Between 2020 and 2025, contactless mobile transactions protected by biometrics will rise by over 520%.[5]
  • Only 12% of respondents to a question on whether the DMV should provide digital identity services to citizens replied no.[5]
  • According to iProov, 45% of the biggest U.S. banks can onboard a client online within 30 minutes, while the other 45% need two days or more.[5]
  • We discovered that almost 30% of consumers do all of their banking remotely through mobile devices, indicating that a significant amount of banking is being accessible by face biometric technologies.[6]
  • 38% of individuals, according to our research, already use facial verification to open their mobile banking app.[6]
  • After implementing biometrics, 56% of respondents saw a decrease in the number of calls made to their call center.[8]
  • Statista projects that the market for biometric technology will increase gradually over the next years, reaching $55.42 billion by 2027.[8]
  • By 2025, almost 72% of hotel owners anticipate using face recognition technology to identify and engage with guests.[8]
  • With electronic signatures, businesses may increase approval performance by up to 83%.[8]
  • Learn about facial recognition. Companies in the financial sector employ biometric technology in the U.S. at a rate of around 28%.[8]
  • Forbes processes in the airline sector are maybe 40% faster when biometric technology is used to identify passengers.[8]
  • 42.6% of Americans agreed with Reservations.com’s U.S. study that introducing face recognition technology at airports would increase security, compared to 32.5% who disagreed.[8]
  • Expenditure on identity verification is expected to reach 18 billion by 2027, growing by an estimated 13 billion over ten years from 2017 to 2027.[8]
  • Source by 2025, almost 72% of hotel owners expect using face recognition technology to identify and engage with guests.[8]
  • By 2028, it is anticipated that 90% of cars sold worldwide will have voice assistants, which will significantly impact the auto industry.[8]
  • The speed and usefulness of biometric technology in many biometric identification procedures, such as online payments, which is a big advantage for 44% of respondents to our poll, are driving this fast increase.[8]
  • 80% of North America, Western Europe, and Asia Pacific have enabled biometrics in active phones.[12]
  • Global Markets Insights predict that the biometric industry will surpass $50 billion by 2024.[13]

Also Read

How Useful is Biometric Authentication

One of the key advantages of biometric authentication is its ability to provide a higher level of security and convenience for users. Rather than relying on easily forgotten passwords or easily stolen PINs, biometric authentication requires individuals to physically be present to access their accounts. This significantly reduces the risk of unauthorized access, as a thief would need to physically replicate the biometric data of a user in order to gain access.

Another major benefit of biometric authentication is its reliability and resistance to tampering. Biometric data such as fingerprints or facial features are difficult to forge or counterfeit, making them a highly secure method of identity verification. Additionally, biometric systems can also be designed to detect and prevent unauthorized access attempts, further enhancing their effectiveness as a security tool.

Furthermore, biometric authentication offers a more user-friendly experience by eliminating the need to remember complex passwords or secure information. Users can simply authenticate themselves using their biometric data, making the process quick and easy. This not only enhances user experience but also helps to reduce the likelihood of password-related security breaches.

Despite these advantages, there are some concerns regarding the use of biometric authentication. One of the main issues is privacy and data security. In order to authenticate users, biometric systems need to store sensitive and personal information, such as fingerprints or iris patterns. This raises valid concerns about the potential misuse or unauthorized access to this data, as well as the implications of potential breaches.

There are also concerns regarding the accuracy and reliability of biometric systems. While biometric authentication is generally considered to be very secure, there have been instances where these systems have been fooled or hacked. For example, facial recognition technology can be spoofed with the use of high-quality photographs or masks, raising doubts about its reliability in certain scenarios.

In conclusion, biometric authentication is a highly useful tool for enhancing security measures in various industries. It offers a higher level of security, convenience, and user-friendliness compared to traditional password-based systems. However, there are valid concerns regarding privacy, data security, and reliability that need to be addressed in order to fully realize the potential of biometric authentication as a secure identification method.

Reference

  1. auth0 – https://auth0.com/blog/3-critical-trends-in-biometric-authentication-in-2019/
  2. ieee – https://ieeexplore.ieee.org/document/7973431
  3. securityintelligence – https://securityintelligence.com/new-ibm-study-consumers-weigh-in-on-biometrics-authentication-and-the-future-of-identity/
  4. csoonline – https://www.csoonline.com/article/3339565/what-is-biometrics-and-why-collecting-biometric-data-is-risky.html
  5. iproov – https://www.iproov.com/blog/biometric-statistics-70
  6. iproov – https://www.iproov.com/blog/face-biometric-statistics-stats
  7. jumio – https://www.jumio.com/what-is-biometric-authentication/
  8. mobbeel – https://www.mobbeel.com/en/blog/biometrics-statistics-for-2021-market-and-industries/
  9. imageware – https://imageware.io/biometric-trends-and-statistics/
  10. visa – https://usa.visa.com/visa-everywhere/security/new-report-on-biometric-authentication.html
  11. forbes – https://www.forbes.com/sites/forbestechcouncil/2022/08/25/biometric-authentication-and-ids-why-faces-are-becoming-essential-for-the-security-of-data/
  12. statista – https://www.statista.com/topics/4989/biometric-technologies/
  13. thalesgroup – https://www.thalesgroup.com/en/markets/digital-identity-and-security/government/inspired/biometrics

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