International. HID ranked first in the growth rate and third in innovation among 19 biometric authentication solution providers, according to a report titled "Frost Radar: Solutions in Biometric Authentication 2022" by Frost & Sullivan.
That is, according to Frost & Sullivan, like the other 18 companies featured in the report, HID should first be considered for investments, partnerships or comparative analysis in this market segment.
Steve Currie, Senior Vice President and General Manager, Extended Access Technologies at HID, commented, "Earning the highest growth rate score for Frost Radar is a reflection of the hard work and investment HID has made in its biometric authentication portfolio."
In addition, he assured that his solutions provide people around the world with an enhanced authentication experience with fingerprints and facial recognition.
"These solutions are used globally in a wide and growing range of applications, from improving and securing banking services and transforming the retail experience, to accelerating and simplifying patient ID verification, border security and other applications and services in the government space."
HID's ranking as a leader in the growth rate was based on aspects such as relying on an end-to-end identity portfolio, offering a large number of biometric reader software and hardware platforms using a wide range of biometric modalities and; Promote the digital identity ecosystem of its customers.
On the other hand, in the 'innovation' index, HID was recognized for successfully moving to more digital identity solutions over the past decade, continuously developing technology for biometric credentials, and ensuring that new updates and capabilities of its solutions work with legacy hardware.
Vito Fabbrizio, managing director of Biometrics for Extended Access Technologies at HID, stated, "We continue to evolve and expand to serve multiple markets with a comprehensive offering of solutions that align with our customers' changing needs and help them solve new market challenges."
Finally, according to Frost Radar's analysis, HID has become a benchmark in the industry for its vision, strategy and excellence in execution, as well as highlighting the brand's ability to scale its business for new vertical customers and diversify its hardware and software offerings.
