The Future of Biometric Technology — What’s Next?
What does the future of biometrics look like, how will it adapt, and what markets and applications will embrace biometric technology? Learn more in our latest guide.
When contemplating biometrics, one’s thoughts may easily drift into the realm of science fiction. The term evokes images of cutting-edge technologies that meticulously scan and analyze every aspect of an individual, enabling computers to possess a level of familiarity with individuals that rivals their own self-awareness, if not surpasses it.
In brief, biometrics refers to the process of identifying and verifying individuals by analyzing their unique biological characteristics. By evaluating irrefutable data that distinguishes an individual from others, the entity conducting the assessment can be fully assured that they are interacting with the intended individual.
Undoubtedly, during the initial phase of biometrics’ widespread adoption, the process was relatively uncomplicated. Its inception can be traced back to the 19th century, when the French employed body measurements to categorize and contrast offenders, subsequently extending its application in the realm of law enforcement to encompass fingerprint identification.
The integration of biometric principles with computing power is what truly propelled Biometric Reader into the mainstream. The rapid advancement of computing technology during the latter half of the 20th century and into the 21st century has greatly expanded the capabilities and potential of biometrics. Automation of fingerprinting and facial recognition has enabled computers to verify identities and identify matches with greater speed and accuracy than a trained human could ever achieve. The advent of voice recognition has made it both feasible and practical, while the application of artificial intelligence has facilitated the use of biometric information to achieve intended insights and outcomes with unprecedented ease and efficiency.
Advancing to the present day, it is evident that Intelligent Biometric fingerprints have become extensively acknowledged as an integral aspect of our society. The proficiency of fingerprint scanning and facial recognition has progressed to such an extent that it can be incorporated into a diminutive device like a smartphone, serving as a means for the user to gain access. This is merely one of the numerous ways in which biometrics have become indispensable to our way of life.
- Security: The biometric fingerprint scanner offers an unparalleled level of security for individuals’ sensitive data and financial resources. Although verification methods based on information, such as passwords and PINs, are widespread, they are susceptible to being compromised, either inadvertently or through malicious actions. Biometric data is unique to each individual and resides on their person, making it difficult to pilfer or exploit..
- Convenience: Despite the intricate level of detail and advanced biometric technology utilized in biometric devices, the user interface experience is straightforward and typically instantaneous. Users are not required to recall any credentials or input complex passwords, nor are they obligated to remember the passwords for the numerous accounts they possess with various enterprises and institution
- Protection: The authenticity of biometric information is exceedingly difficult to replicate, and solely individuals who are alive and breathing can successfully undergo biometric assessments, such as fingerprint, voice, or facial recognition. This not only instills trust in individuals that their security is optimized, but also provides assurance to enterprises and institutions that they are engaging with appropriate individuals in a secure manner, and that confidential information is being adequately secured and protected.
All these are advantages that people are enjoying from biometrics now. But as is the case with any technology, things don’t stand still, and new innovations and use cases are always just around the corner. So what does the future of biometrics hold?
Future uses of biometric technology or biometric Machines in various sectors.
Over the coming months and years, biometrics will become an increasingly integral part of our lives. It will allow us easier, faster, and more secure access to goods and services, and enable businesses, organizations, and government bodies to improve their delivery of those goods and services in several different sectors:
· Healthcare
· Banking
· Security and authentication
· Fingerprint
· Digital security
· Mobile payments
· Apps
The expanding use of biometrics in day-to-day life is limited perhaps only by people’s imagination.
What does the future market of biometrics look like?
All of the aforementioned factors are contributing to the sustained growth of the biometrics market on a global scale. According to Global Markets Insights, the market is projected to exceed $50 billion by 2024. The primary drivers of this growth include significant investments by security and governmental bodies in the United States, as well as the increasing adoption of digital identity in countries such as China and India.
In addition to these major players, the democratization of the biometrics sector is expected to fuel growth. This is due to the proliferation of online and cloud-based verification platforms, many of which can be customized to integrate with a company’s existing digital infrastructure.
Not long ago, biometric technologies such as facial recognition and liveness checks were exclusively available to large corporations with substantial resources and development teams. However, smaller enterprises and ambitious start-ups can now viably and effectively deploy these technologies. These organizations require the benefits of security, convenience, and protection just as much as their larger counterparts, and for the first time, these benefits are realistically within their reach.
For further information, please refer to our blog post on the topic of biometric authentication and verification..
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