Recent statistics regarding turnover in the world of biometric face recognition indicates that the market can expect to see an upward growth trend of 12.4% over the next couple of years until 2025. While this industry is already quite strong, the increase would add roughly $3.78 billion to the existing turnover.
“This expected increase is mainly due to two reasons. The one is that the advances in technology have been so substantial that much more is possible today than only a few years ago. The biometric face recognition options available in the general market is so far advanced today and so much more is possible. The greatest achievement is far greater accuracy. The other driving force behind this growing trend is the need for upgraded security features due to a growing number of identity threats taking place globally. Biometric face recognition is the only way to clamp down on this crime,” says Jason Begg, the managing director to the leader in this field, Your Choice Fire and Security.

He then expands on some of the fields where more of these devices would be entering over the next few years. Naming online gaming is one of the leading industries where identity fraud plays a major role. However, this is not all. Begg states that while the world is moving increasingly onto an online platform for all they need, more users depend now on websites and applications and this opens the door to cybercrime in the form of identity theft.

“Currently, there is no other form of secure authentication available and biometrics is the only way how providers of these online platforms can ensure their client’s security and protection. Face recognition is such an outstanding way to provide security in an online world as facial features are challenging to forge,” Begg continues.

Begg also continues to state that the most research and development of these devices is taking place in North America and it is also here where most of the growth is taking place. Yet, while all this growth is taking place in the US, it is also worthy to mention that the markets that will mostly rely on this kind of technology remain based in the UK, Japan, China and Germany.

The technology you can expect to see as an end-user will either rely on 2D or 3D technology as both options are highly effective and deliver accurate results.

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