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NEC Applauded by Frost & Sullivan for Biometric Identity Solutions
The Undisputed Leader in Biometrics Solutions
Frost & Sullivan has proudly presented NEC with the latest Frost Radar™ Best Practices Award for Growth, Innovation & Leadership Excellence in the Global Biometrics in Security Market. Based on Frost & Sullivan's analysis, NEC’s pivot toward biometrics solutions provides the company with significant growth opportunities to develop new, large-scale identity solutions and use cases outside of traditional biometrics markets. This focus on identity solutions, powered by biometrics, has allowed it to go beyond traditional government or enterprise customers and move toward a B2C strategy through tailored, vertical-specific solutions.
This recognition is strictly reserved for companies that are market leaders and are at the forefront of innovation. Achieving Growth, Innovation & Leadership is never an easy task, but it is one made even more difficult considering today’s intensely competitive environment, customer volatility, economic uncertainty, and rapid technology evolution.
Award Video
(Featuring Frost Analysts)
Focal Point Video
(Featuring NEC Executives)
Evaluation Criteria
NEC's outstanding achievement was evaluated based on the following categories;
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Growth
- NEC’s pivot toward biometric solutions provided the company significant growth opportunities with which to develop new, large-scale identity solutions and use cases outside of traditional biometric markets. This focus on identity solutions, powered by biometrics, has allowed NEC to go beyond traditional government or enterprise customers and move toward a B2C strategy through tailored vertical-specific solutions.
- With its global customer base, significant government and enterprise-level RFP interaction, and dedication to customer experience, NEC has built multiple feedback mechanisms that generate new target markets or help develop new solutions based on direct customer need.
- NEC’s pivot toward biometric solutions provided the company significant growth opportunities with which to develop new, large-scale identity solutions and use cases outside of traditional biometric markets. This focus on identity solutions, powered by biometrics, has allowed NEC to go beyond traditional government or enterprise customers and move toward a B2C strategy through tailored vertical-specific solutions.
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Innovation
- NEC has taken a different approach. Rather than focusing on just one biometric solution, NEC has pivoted to viewing biometric solutions as the foundation of a seamless customer experience, not a security measure. This approach and the company’s significant R&D investments in facial, iris, fingerprint, finger vein, and behavioral biometrics, have vaulted NEC to industry leadership not only in accurate and multimodal biometrics but also in developing relevant and modernized identity solutions that are highly scalable.
- As the pioneer of many of the world’s largest national biometric ID programs, significant passengerbiometric and identity programs, and large-scale biometric access control systems, NEC remains the global biometric industry leader.
- NEC has taken a different approach. Rather than focusing on just one biometric solution, NEC has pivoted to viewing biometric solutions as the foundation of a seamless customer experience, not a security measure. This approach and the company’s significant R&D investments in facial, iris, fingerprint, finger vein, and behavioral biometrics, have vaulted NEC to industry leadership not only in accurate and multimodal biometrics but also in developing relevant and modernized identity solutions that are highly scalable.
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Frost Perspective
- By focusing directly on the consumers using these new biometric and identity solutions, NEC has identified new product development and revenue-generation opportunities. As one of the firstmovers in the customer experience or passenger journey initiatives, NEC has the ability to set the standard for how these solutions should be developed and implemented.
- The expansion of customer-experience use cases—not just in winning and executing these projects but in publicizing the projects themselves—showcases NEC’s broader understanding of the authentication needs of other industries as well. Focusing on these new use cases and industries strengthens NEC’s brand presence in the more non-traditional identity solution market.
- By focusing directly on the consumers using these new biometric and identity solutions, NEC has identified new product development and revenue-generation opportunities. As one of the firstmovers in the customer experience or passenger journey initiatives, NEC has the ability to set the standard for how these solutions should be developed and implemented.
Analyst Quote
NEC Corporation’s view of biometric solutions as the foundation toward building more large-scale identity solutions opens the realm of opportunities for new biometric use cases outside of traditional markets and offers the company ample options to engage with new customers and industries.
NEC’s expertise in multiple biometric modalities and continuous R&D to improve the security and accuracy of these solutions highlight the company’s commitment to innovation and blue ocean strategy in the biometrics industry.
With the evolution of its biometrics and digital identity solutions, NEC has seen a successful shift in how it conducts its sales activities, including more business-to-consumer opportunities and penetration into new markets that have yet to adopt digital identity solutions.
Danielle VanZandt
Industry Analyst – Security
Frost & Sullivan
Related Links
Jump to Press Release> https://www.nec.com/en/press/202103/global_20210317_01.html
