Brain Print, upcoming biometric technology for higher security access
United States: Researcher of Binghamton University is
working on a new biometric technology -brain print; which is more accurate and
is highly secure.
Human
brain reacts differently while looking at various images; making this attribute
as the base of the research; Binghamton University conducted an experiment on
50 people to record their brain activity. These people were asked to wear electroencephalogram
headset and had looked to 500 images shown to them.
The
researcher recorded the participant brain reaction and recorded in a computer
system. Afterward, each participant was identified on the basis of brain print
and with 100 percent accuracy.
The
technology is in the development stage and is not yet commercialized in the
market.
TechSci
Research depicts that the research and development in the biometric market will
advance the identification and authentication process. This advanced biometric
technology is applicable to high security areas such as air force defense labs
where there are less number of people to enter the authorized area.
A
global market research and consulting firm,
TechSci Research has recently published report, “Global Biometrics Market Forecast and Opportunities, 2020”, the
market for biometric authentication systems is projected to grow at a CAGR of
around 14% till 2020. The driving forces for this highly competitive market
will be increasing security needs, government projects and constant development
in technology. In 2014, government projects accounted for about 13% share in
global biometric authentication systems market. In addition, biometric systems
are gaining attraction in the residential sector as a result of which the market
for these systems is estimated to grow significantly. Due to high initial
investment and fulltime R&D costs, which are two major entry barriers
restricting entry of new players into the biometrics market, well established
players face negligible threat from new entrants. However, competition among
existing players is intensifying, with each trying to gain a greater share.
Proven credibility of biometric products and competitive pricing have
diminished the threat of substitutes, and with small as well as established
players offering biometric products in the market, competitive rivalry is set
to intensify further.