The global biometrics market has been recently developing rapidly, and this trend will continue shortly. If in 2018 its volume was estimated at $23.4 billion, according to the forecast of the analytical company BCC Research, the market size may increase to $71.6 billion with an average annual growth rate of 23.2 % by 2024. Fingerprint scanning, facial recognition, iris, vein, and voice technologies are expected to be implemented at the fastest pace. The analysis is based on the revenue indicato...
Several major players vigorously employ biometric recognition technologies around the globe. Governments use biometrics to control immigration, security, and create national databases of biometric profiles. Being one of the most striking examples, the Indian Aadhaar includes face photos, iris, and fingerprints of about 1.2 billion people. Financial institutions, on their part, make use of biometrics to protect transactions by confirming a client's identity, as well as develop and provide servi...
Fingerprint identification had once been the most widespread biometric technology around the world. However, many argue that this technology has quite a lot of shortcomings. For instance, even expensive fingerprint reading scanners have a hard time identifying dirty or wet fingers, plus, some people's fingerprints are unreadable. Furthermore, being vulnerable to the temperature and precipitation, such scanners consequently cannot be used outdoors. Plus, fingerprint reading scanners do not meet...
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