Identity focused consultancy Goode Intelligence has projected that the global mobile and wearable biometrics market will be worth $6.2B by 2022.In its latest report, In “Mobile & Wearable Biometric Authentication Market Analysis and Forecasts 2017-2022 (third edition)”, the company also said that that by 2022, over 3.3 billion users will be benefiting from secure convenient biometric authentication.Alan Goode, author of the report and founder of Goode Intelligence said “The market is still evolving with a number of different models that developers and service providers can adopt to provide convenient friction-free user authentication. It is part of the wider “password replacement” movement that includes other two-factor (2FA) and multi-factor authentication technologies.””Password and knowledge-based user authentication mechanisms still dominate but with many of the largest digital providers moving to offer 2FA and two-step verification (2SV) services the time is right for a new era of convenient user authentication. SMS-based 2SV dominates the consumer 2FA market but there are signs with rising adoption levels that the additional cost of terminating SMS Application to Person (A2P) 2FA messages and the friction it adds to the authentication experience is creating opportunity for mobile biometric authentication solutions; especially with the rise and variety of device-based biometric authentication services.”Goode says that wearable device biometric authentication technology is some “years behind the smart mobile device market” but based on discussions with industry stakeholders, Goode believes that biometric identity and authentication technology will eventually appear on commercially available consumer wearable devices potentially “as early as late 2017 or during 2018”.