Global Biometrics Worth $34.3B & Growing

As technology continues to push boundaries, biometrics is experiencing exponential growth. From fingerprint scanners to facial recognition, the integration of biometric authentication is revolutionising how we interact with devices, apps, and services and how our personal data is secured and protected.

At last week’s hashtag#VentureFestWM conference in Birmingham, it was revealed that the global biometrics market is worth US$34.3 billion, growing at a rate of 20.4% (CAGR). Among several biometric technologies, the two fastest growing are voice and face recognition. These technologies are not just convenient, but also highly secure. Any device with a microphone and camera, such as laptops and smartphones, can capture and recognise the user’s voice and facial biometric characteristics, providing an extra layer of security.

FARx’s fused voice-face machine learning algorithms are designed to adapt to you. It learns the unique characteristics of your face and voice, recognising who you are and adapting its responses accordingly. This adaptability extends to applications, enabling them to continuously recognise who is accessing a secure application. If you leave or someone is looking over your shoulder at your personal information, FARx will know and can take action, such as shutting down your session or blurring sensitive information. And, the more it learns about your voice and your face, the more it recognises when it is NOT you – that is – when it is a fraudster attempting to access your secure app, your secure service or your personal information.

As more businesses and organisations across industries incorporate biometric technology into their operations, the industry has great prospects. The possibilities for using biometrics to enhance customer experience, improve operations, and strengthen security measures are endless.

Contact FARx to learn how our underlying AI machine-learning algorithms can safeguard your business today.

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