Nowadays, people have a growing demand for security control. Many areas choose to install digitalized security system. Many investments have poured into the security industry. Niche markets of security industry have developed rapidly, involve biometrics access control, video surveillance, cybersecurity, smart home security. New trends like, AI, IOT, cloud computing have accelerated as the huge demands and investments.
However, the outbreak and spread of Omicron in 2022 were unprecedented. When it comes the important trend of security industries, contactless (touchless) biometrics and converged (integrated) systems both appeared in the reports of ABI Research, KBV Research and Future Market Insights, which are all globally market research institutions.
For instance, facial recognition was regarded to take over fingerprint and card readers because of the security of biometrics and the convenience of being touchless. In many ways, it made sense because facial recognition was an advanced and proven technique that many industries had already adopted.
Touchless Biometric will take big steps, especially facial recognition
Even though the world is past the initial threat of the pandemic and vaccines are helping people deal with the issue, the market preference for contactless systems has not waned. The access control market is rapidly becoming occupied by touchless biometric authentications, from fingerprint to palmprint recognition, facial recognition and iris recognition as well as mobile credentials using scrambled QR code.
According to report of Mordor Intelligence, one of the world’s elite market research companies, the global biometrics market was valued at USD 12.97 billion in 2022 and is projected to be worth USD 23.85 billion by 2026, registering a CAGR ([Compound Annual Growth Rate]) of 16.17%. In terms of Global Industry Analysts, the world’s largest portfolios of research reports provider, the global facial recognition market will be valued at 15 billion, registering a CAGR of 18.2%.
Anviz, a leading provider of converged intelligent security solutions, had investigated 352 business owners and uncover convergence of system as well as touchless biometrics attract more business owners’ interest than Contact-based biometrics and video surveillance. You can see the data analyzing and result in the attachment. “We now find ourselves stepping into the era of touchless biometrics, “ said Michael, CEO of Anviz.
Biometric access controls bring inherent advantages, like higher security and efficiency with reduced counterfeiting. They verify within seconds – or fractions of seconds – and prevent unnecessary physical contact. Facial recognition and palmprint offer touchless access control, a hygienic practice more and more favored as a result of the pandemic.
But in access control applications needs higher security, touchless biometric technologies like facial and palmprint recognition are preferred. Unlike a few years ago, terminals can now work indoor and outdoor with these biometric technologies, widening their scope of implementation.
Breaking the isolated data island through complete integration
It’s clear – the trend in the security industry has been to make efforts to integrate systems wherever possible, including video, access control, alarms, fire prevention, and emergency management, to name a few. The demand for touchless biometrics is definitely on the rise, and it will only continue to increase as the supporting systems converged better," Michael, pointed out. "The best part is that whether private enterprises or public service sectors alike would grasp the chance to get rid of isolated data islands.
From the standpoint of private enterprises, data and information isolated in disparate systems or databases creates barriers to information sharing and collaboration, preventing managers from getting a holistic view of their operations. There is already a massive demand for the integration of security systems, including video surveillance, access control, alarms, fire prevention, and emergency management. In addition, more non-security systems, like human resources, finance, inventory, and logistics systems are also converging onto unified management platforms to increase collaboration and to support management in better decision-making based on more comprehensive data and analytics.
Contactless biometrics and converged system emerge to resolve the concern of updating security system and break isolated data islands. It would appear that COVID-19 greatly impacts people’s perception on healthcare and touchless biometrics. In terms of Anviz’s investigation, touchless biometrics with integrated system was an inevitable trend as the many business owners are willing to pay for them, and it is treated as an advanced solution.