HID tops the report's growth index and ranks third highest for innovation
AUSTIN, Texas, February 15, 2023 – HID, a worldwide leader in trusted identity solutions, announces it has ranked highest among 19 solution providers on the growth index of the Frost Radar benchmarking system for analyzing biometric authentication solution suppliers. Frost & Sullivan said HID and the other 18 other companies in the report, titled Frost Radar: Biometric Authentication Solutions, 2022, should be considered first for investment, partnerships, or benchmarking in this market segment.
"Earning the highest score on the Frost Radar growth index is a testament to the hard work and investment that HID has put into its biometric authentication portfolio," said Steve Currie, Senior Vice President and Managing Director of Extended Access Technologies at HID."Our solutions give people around the world an improved authentication experience that uses fingerprint or face. These solutions are used globally across a broad and growing range of applications, from enhancing and securing banking services and transforming the retail experience to speeding and simplifying patient ID assurance, border security and other applications and services across the government space."
HID's overall Growth Leadership ranking was based on how it: 1) builds upon its end-to-end identity portfolio, 2) offers a wealth of biometric reader hardware and software platforms using a wide range of biometric modalities, and 3) furthers its customers' digital identity ecosystem. On the innovation index, HID was recognized for successfully pivoting to more digital identity solutions over the last decade, ongoing solution development for biometric credentials, and ensuring its solutions work with its legacy hardware as new capability upgrades.
"Our industry leadership has been validated by not only scoring highest on the Frost Radar growth index but also earning one of the top three innovation rankings," said Vito Fabbrizio, Managing Director Biometrics for HID's Extended Access Technologies. "We continue to evolve and expand to service multiple markets with a comprehensive offering of solutions that align with our customer's changing needs and help them solve new and increasingly difficult challenges."
According to the Frost Radar analysis, HID has become a benchmark in the industry for its vision, strategy, and execution excellence. The report goes on to say that HID's ability to continually scale its business for new customer verticals and diversify its hardware and software offerings enables the company to remain a top choice for biometric authentication and digital ID solutions. The Frost Radar report also highlights HID's solution breadth, the integration between its digital identity and biometric authentication portfolios, and how it has added security to its solutions through user control, decentralization, and anti-spoof capabilities.
About the Frost Radar
Companies plotted on the Frost Radar™ are the industry's growth or innovation leaders, or both, and were selected based on their ability to serve a global client base, offer multimodal biometric options, and include features that set their solutions apart from the wider industry. The Frost Radar plots two major indices and ten analytical ingredients on one platform. The Growth Index (GI) is a measure of a company's growth performance and track record, among other attributes. The Innovation Index (II) is a measure of a company's ability to develop products/services/solutions that are globally applicable, evolve and expand to serve multiple markets, and are aligned with customers' changing needs.
To learn more about HID's biometric authentication solutions, visit the website.
Stay Connected with HID
HID powers the trusted identities of the world's people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID has over 4,500 employees worldwide and operates international offices that support more than 100 countries. HID is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
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