In December 2022, the Global Security and Research Team at Frost & Sullivan released its report “Frost Radar™: Biometric Authentication Solutions, 2022.”
Why did Frost & Sullivan create this report? Because biometric characteristics are stronger indicators of identity than “fickler” identity credentials such as passwords and tokens, and thus merit further study.
Frost & Sullivan describes Frost Radar™ as follows:
A Benchmarking System to Spark Companies to Action Innovation that Fuels New Deal Flow and Growth Pipelines
Out of more than 100 biometric companies that offer authentication capabilities, Frost & Sullivan identified 19 of the leading companies, including Incode. This post describes why Incode was selected as one of the leading companies, and how you can read Frost & Sullivan’s analysis yourself.
Key capabilities of biometric authentication solutions
As Frost & Sullivan surveyed the 100+ biometric authentication companies, it identified key capabilities that set the leaders apart from the rest:
- Automated documentation verification reviews.
- Frictionless onboarding and enrollment.
- Open integration with sources of trust.
- Artificial intelligence (AI) and machine learning (ML) integration.
- Multimodality options.
- Simple integration processes.
Since the Incode Omni platform includes all of these key capabilities, it is no surprise that Frost & Sullivan identified Incode as one of the top 19 companies.
How Frost & Sullivan measured growth and innovation
Frost & Sullivan measured the 19 selected companies on both growth and innovation.
The five growth measurements include:
- Market share for the previous 3 years.
- Revenue growth for the previous 3 years.
- Growth pipeline.
- Vision and strategy alignment.
- Sales and marketing effectiveness.
Frost & Sullivan captured five innovation measurements:
- Innovation scalability, including global applicability and scalability in industry verticals.
- Research and development.
- Product portfolio.
- “Mega Trends” leverage of evolving opportunities and new business models.
- Customer alignment.
How did Incode measure?
The Frost Radar™ depicted Incode as a strong performer in the Growth category, and one of the top performers in the Innovation category.
Regarding growth, Frost & Sullivan said the following:
Incode is proactively striving to increase its customer outreach, brand recognition, and ultimately revenue growth.
Incode’s innovation was highly praised:
With the second highest score along the Innovation Axis, Incode’s Omni platform stands as one of the industry’s most extensive biometric authentication solutions. Omni enables customers to offer both security and convenient user experience via multimodal biometrics, improved accuracy and scalability for new authentication use cases, and seamless user authentication for onboarding and continuous verification.
Frost & Sullivan also commented on the benefits of the Incode Omni platform’s AI-based architecture, its passive liveness technology, its versatility for multiple industry verticals, and its inherent scalability.
Download the Frost Radar™ and read it yourself
We encourage you to read the report: “Frost Radar™: Biometric Authentication Solutions, 2022”