The IoT market has great potential for growth. Hundreds of options for using IoT devices can make a radical difference in our lifestyle and workplace.
IoT technology can greatly simplify a person’s life, but for the full implementation of this technology, a tremendous amount of work needs to be done. Market experts concluded that the IoT market is growing at an impressive pace; the expected IoT market size in 2021 will be from 678 to 1.1 trillion. dollars.
Just imagine: when you enter your house,
• doors open automatically,
• the light turns on
• the TV starts playing your favorite program,
• a coffee maker makes you coffee,
• in the summer the conditioner turns on,
• garden irrigation system automatically works,
• the security system automatically works,
• sensors will tell you if there is a smell of gas, a fire starts,
• you save energy, the system itself controls consumption
According to forecasts, by 2022 there will be 18 billion IoT devices in the world. Although the number of IoT devices is constantly growing, their safety is still in doubt. Adaptive Mobile claims that up to 80% of existing IoT devices are not sufficiently protected. 45% of respondents believe that insecurity is the main barrier to the adoption of IoT, making it the most important barrier to the full implementation of the technology.
In these conditions, security becomes vital for the further implementation of technology.
The second important issue is the compatibility of IoT devices with each other. 28% of respondents believe that lack of compatibility is the second largest barrier to IoT adoption.
Nowadays, there is a constant improvement of various kinds of systems based on artificial intelligence. These systems are gaining wider adoption in the life of every person. However, the main drawback of any systems is the inability to fully protect personal confidential information about system users or corporate information.
We are constantly confronted with information security - fingerprint scanners, iris, faces, complex methods, passwords, logins, bracelets, codes, access cards, terminals.
Each object needs its own protection. A person must remember all logins, passwords and apply various ways to protect information.
In modern conditions of a fast pace of life, a person spends valuable time on authentication processes.
Biometric identification and authentication is an essential component of information security. This is one of the fastest growing technology areas, which is now being introduced into the banking business, mobile technologies and systems, medicine, police, education and other areas. According to research, biometrics will be implemented in 86% of companies by 2020, 62% of companies have already implemented this authentication method, 24% will come to this by 2020.
Participants in an independent survey found biometrics more reliable than a pair of username and password or PIN codes. The most popular method of biometric authentication among respondents was fingerprint scanning, which is used by 57% of companies.
According to a study by Biometrics Research Group, Inc., the volume of the mobile biometrics segment is estimated at more than $ 50 billion by 2020 around the world. This tells us that this segment of the financial market is very promising, as it is just starting to develop, therefore those companies that are currently developing similar systems, or who invest in these projects in the future, can get a huge return on their investments.
The global market for biometric solutions has entered a phase of active innovation and intensification of application both in government, law enforcement, defense and defense structures, as well as in the commercial segment, rapidly integrating into the banking sector, retail, mobile applications, Internet products, healthcare, education, etc.
- The market for smart home solutions has reached $ 200 billion.
- The volume of the smartphone market is about 500 billion dollars (1.5 billion units per year).
- The market volume of cold crypto wallets is more than 12 million pcs.
Biometrics is the easiest way to authenticate from a user's perspective. No need to remember a password or carry an authentication device with you. But, on the other hand, biometrics is the most expensive and difficult to implement authentication method. The choice of authentication method depends on the properties and characteristics of a particular system.
Most modern technologies are subject to hacking, data spoofing and falsification.
The effectiveness of the use of biometrics is reduced to ensuring that the current state of human biometric indicators is identified. Approximately 75 million biometric identification tools are carried out annually in the world; the accuracy of determination among them reaches approximately 80%.
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These things we only watch in movies but I am certain that very soon with the fast growth in technology, we will have a fast growth.
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It is almost clear that we are going to have to have a smart generation where we will be filled with smart homes and smart gadgets.
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