The rising industrial IoT is forecasted to make a sweeping change which will reconfigure the whole industry holistically, which is called as the industrial revolution 4.0. In a market report “Internet of Things (IoT) Market : Global Demand, Growth Analysis & Opportunity Outlook 2023” published in 2016, Nester predicted that IoT market will reach 724.2 Billion by 2023 with CAGR of 13.2% during the forecast period 2016-2023 globally.
However, a sobering market survey made by Vanson Bourne, an industry research company, showed that 90% of consumers are still wary of the security of IoT devices. Besides that, more than two-thirds of consumers and roughly 80% of enterprises reported in the survey that they supported government regulating on the IoT security and revealed lack of confidence on industry stakeholders to secure the ecosystem.
Apparently the serious concerns of consumers of IoT security might potentially hinder the growth of IoT applications. Even though an IOT system is a complicated and interconnected system, in order to build a chain of trust across the IoT system to protect devices, data, networks and all the vulnerable points from hackers, a powerful authentication an ID management scheme can be added into the system to mitigate risks and stop attracks from hackers. The most prevailing security concern in an IoT system is how to verify the true identity of the users of applications to prevent the systems to be hacked or bypassed by intruders. While other traditional methods such as pin or passwords are becoming more vulnerable to malicious actions, biometrics authentication is gaining mainstream as an effective solution to boost the security of the IoT system.
Biometrics has been around for many decades and is defined as a type of technology utilizing individual’s physiological and behavioral characteristics including fingerprint recognition, iris recognition, palm and vein recognition, etc., to provide the true identity of a person. These characteristics are unique to an individual even for twin people and stay permanently throughout a person’ life; such features ensures biometrics are very difficult to be replicated or spoofed and give biometrics an edge over traditional method of identification.
Biometrics applying in IoT applications has been gaining tractions for the past few years with the invention of smart home, smart office and smart cities. Not only that biometric embedded in smart devices such as smartphones and tablets is going to be the next big thing, which leads to a huge amount of possible applications making inroads into real life applications of millions of people.
IoT is said to bring the storm to the world with the forecast made by Cisco released in 2016 that global M2M connections to grow nearly three-fold from 4.9 billion in 2015 to 12.2 billion by 2020, representing nearly half (46 percent) of total connected devices. In fact, we are seeing the rising presence of IoT in our life with more and more IoT devices and sensors to make our easier and more convenient. All this convenience and smartness need to be backed by the utmost level of security to prevent unauthorized access bring down a smart device or compromise other endpoints on the network. And this is where biometrics is booming as it is able to offer a seamless authentication experience without compromising user experience.