However, the pandemic has also given rise to new identification and surveillance needs, spurring further investments in biometric AI algorithm design, which will give a boost to the face recognition technologies market going forward.
Global surveillance camera shipment revenues for border control will reach $1.9 billion by 2025 due to the push to strengthen border security via new video analytics, behavioral analytics, machine learning and machine vision technologies.
Biometric locks faced significant problems in the past due inaccurate matching algorithms but recent demand from Asia Pacific forced the technology to catch up boasting over 24 million biometric lock shipments in 2024.
HK-based Finda owns a Live-Facial-Recognition (LFR) system that serves as a technical backbone for real-ID authentication solutions for various government agencies, financial institutions, and health insurance firms in Asia.
HK-based Finda owns a Live-Facial-Recognition (LFR) system that serves as a technical backbone for real-ID authentication solutions for various government agencies, financial institutions, and health insurance firms in Asia.
The new BPI mobile app, which will become available in Google Play and Apple App Store on May 15, has added more built-in security features, including One-time PIN and biometric log-in.