The technology industry continues to be a hotbed of patent innovation. Activity is driven by the need for stronger and more comprehensive cybersecurity measures to protect against cyber threats and attacks, and growing importance of technologies such as radio-frequency identification, near field communication, biometric recognition, and quick response codes. These technologies play a crucial role in enabling secure and convenient contactless verification in various applications, such as access control, ticketing systems, mobile payments, and identity verification. In the last three years alone, there have been over 1.5 million patents filed and granted in the technology industry, according to GlobalData’s report on Cybersecurity in technology: contactless verification. Buy the report here.
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However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
185+ innovations will shape the technology industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the technology industry using innovation intensity models built on over 1.6 million patents, there are 185+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, homomorphic encryption and signcryption, are disruptive technologies that are in the early stages of application and should be tracked closely. Zero knowledge proof, multi-factor authentication and secure hash algorithms (SHA) are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are DRM tools and AES encryption, which are now well established in the industry.
Innovation S-curve for cybersecurity in the technology industry
Contactless verification is a key innovation area in cybersecurity
Contactless verification refers to the authentication process that utilizes contactless technology to confirm the identity of individuals or objects, such as facial recognition, fingerprints, or other biometric data. This method enables fast and secure authentication without the need for physical contact between the user and the device. Contactless verification finds application in various scenarios, including mobile payments, ticketing systems, and access control, among others.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 2,640+ companies, spanning technology vendors, established technology companies, and up-and-coming start-ups engaged in the development and application of contactless verification.
Key players in contactless verification – a disruptive innovation in the technology industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to contactless verification
Source: GlobalData Patent Analytics
Alibaba Group is one of the top patent filer in contactless verification, followed by Capital One Financial and Avery Dennison.
Other prominent patent filers in the space include Toshiba, Samsung Group, Sony Group, STMicroelectronics, NXP Semiconductors.
In terms of geographic reach, Nuro leads the pack, followed by CompoSecure and AB Dynamics. In terms of application diversity, Avery Dennison holds the top position, followed by Murata Manufacturing and Qualcomm.
Contactless verification provides a hygienic, convenient, secure, and efficient authentication process across various applications and industries. It enhances user experience, improves security, and contributes to a safer and more streamlined interaction between individuals and systems.
To further understand how cybersecurity is disrupting the technology industry, access GlobalData’s latest thematic research report on Cybersecurity.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
