Does the Market of Iris Reader and Fingerprint Contact Biometric Technology Decline in the First Hal

The biometric market will be seriously affected by the covid-19 epidemic. Although only contact biometric companies will suffer the most losses, other companies have adopted, for example, non-contact fingerprint sensing solutions. However, the main "revenue" of the biometric market in 2020 is the investment of artificial intelligence biometric companies and AI facial recognition. However, because covid has accelerated the digital transformation in some fields, the whole biometric technology market has been impacted.

Biometric technology is currently undergoing mandatory development rather than organic development, and artificial intelligence biometric companies will take the lead in this work (Market Research Institute: ABI Research).

In addition to causing casualties and the impact on various fields of society, covid-19 epidemic obviously also has an impact on ICT market, manufacturing, supply chain, the way we look at the built environment, physical safety, digital health, etc. Among all these and other fields is biostatistics.

This epidemic is obviously changing the dynamics of biometric technology and the whole biometric market in 2020, and will undoubtedly change this trend. With the organization's efforts to accelerate digital transformation in many fields, among which work / human resources, education, government and digital health care belong to more obvious fields. In the long run, the real impact of covid-19 and our response remain to be seen. However, in biometrics, the use of recognition equipment and face recognition, the daily impact becomes more and more obvious.

Biometric market in a contactless world

As many countries and regions want to carry out activities in the "physical" world again, the use of biometrics becomes more important as we gradually move out of the "digital" crucial bubble. Yes, this does not mean that digitization and digitization will return to the previous level. There is always an unknown.

We can expect that the popularity of digital marketing, online education / training, e-commerce, virtual events and remote work (platform) will have a lasting impact. Finally, we still live in a non binary world. Physics and numbers are terms. With the gradual integration of network physics concepts in industry 4.0, these terms gradually lose their meaning. But even if only a few people can go back to the office and restart production in the factory (no matter how "smart" they say), walking around and traveling, biometrics will still play an important role in any evolution. Or in a variety of facilities, biometrics is not only related to safety and identification, but also related to health and prevention. In other words: as we enter a changing world, biometrics is expected to become more important in the organization's digital transformation strategy.

Physical alienation and avoiding health risks through "touch" will continue for some time. At present, the last sentence on how to develop in today's non-contact environment will be given to governments. Governments hold different views and have an important voice in technological development and direction than ever before.

Avoiding physical contact, more specifically, avoiding inevitable contact with objects / surfaces contacted by others, will have an impact on multiple areas of biometrics. You can imagine that people, governments and organizations will want to avoid biometrics because of the rules, but of course they are also out of fear.

According to the research, due to covid-19, the shipment of biometric equipment is declining, and face recognition technology is rising, which is what is happening. In particular, the "more basic" contact biometric technology will be affected. It is not always easy or even feasible to disinfect and supervise to ensure that everything should be used as is.

Biometric market and our building environment

Of course, the use of facial recognition technology in the environment we build has been on the rise, and some regions are clearly leading the growth of the facial recognition market.

By 2020, the whole biometric equipment market is expected to reach US $28.2 billion, of which the government and security market will reach US $1.1 billion. Sales of fingerprint devices are also expected to decrease by $1.2 billion in 2020.

This is just the beginning. Before the crisis broke out, Berg insight said that in the era of fast cellular Internet of things, the combination of 5g and Internet of things will have the first important impact on homeland security, which will have a considerable impact on our big data environment.

Building system integrators that go beyond traditional building automation have changed their business to meet the growing demand. Take the Wadsworth solution in the United States as an example. In an interview on building system integration, executive Jeff groat explained how to analyze the needs and potential driven by artificial intelligence and edge technology (and better, more "intelligent" CCTV cameras), just as the company used the 600 camera security system at Cleveland International Airport.

In the same interview, Martin Feder added that when camera technology is related to face recognition, building systems will enter the world of audio-visual communication more.

Groat said that he was almost confused about his biometrics, iris readers and fingerprint and finger vein readers how to establish security through the built-in IOT connection, and those fingerprint and finger vein readers that need to be contacted may now see the reasons for the speed decline. The only exception: those who are committed to non-contact fingerprint sensing solutions. At the same time, the facial recognition technology discussed by the two respondents in the process of building system integration evolution may be adopted faster.

And not limited to security level facilities or law enforcement agencies; It is also in retail facilities, travel (airports, stations, etc.), public buildings, health care facilities, etc. In addition, there are more reports on how advanced biometrics can be used in the context of the current crisis, which are undoubtedly several new ways you have read or heard.

The contact biometric technology market declined due to the transfer of investment caused by new demand

In the long run, the impact of this crisis on biometrics remains to be seen. Again: the government will have a more influential voice than ever before, and you will see many differences in what technology is used for what purpose, why it is used, and what regulations to keep in mind. Usually, we see countries close to each other take similar measures.

However, it is clear that in 2020, the market of contact biometrics will decline, while the market of facial recognition technology will accelerate. According to ABI research, covid-19 will lead to a significant decline in the shipment of biometric equipment and a decrease of US $2 billion in revenue in 2020.

On the other hand, driven by the crisis, the demand for new recognition and monitoring requirements is growing. As ABI research emphasizes, it is expected to increase investment in biometric AI algorithm design, which in turn stimulates the face recognition technology market. The increased funding may be why researchers made some suspicious statements to make facial contour recognition reappear.

Dimitrios pavlakis, an analyst at ABI research, specifically pointed out the reasons for exposure to biometric technologies (such as fingerprint and vein reading). These comments dealt a blow to the decline in shipments and overall revenue of biometric devices. These factors do include new government regulations on (physical) contact and close interaction.

In addition, according to pavlakis (pavlakis: Data Analyst of ABI Research Institute), it is difficult for fingerprint biometric technology suppliers to adhere to the strict health and infection control protocols established in various countries / regions.

Pavlakis reminds us that such technologies are already very popular. "Local physical access control, user registration, identification and labor management systems have been greatly affected in the enterprise and commercial fields, but these applications have also spread to the fields of health care, law enforcement, border control, government, citizens and welfare."

Companies limited to contact biometrics also need to overcome other obstacles. In contrast, innovators such as jinyatuo and idemia have adapted to provide solutions for non-contact fingerprint sensing technology.

Biometric consumer market in 2020 - fingerprint sensors and smartphones

Of course, biometrics involves not only commercial real estate or smart factories and other facilities, but also physical security in commercial markets, airports, smart cities and communities. Here, ABI research institute points out the fact that fingerprint sensor suppliers in the consumer market are most affected by smartphone sales, rather than health considerations. The company clearly points out the personal nature of user authentication.

It should also be noted that covid-19 has seriously affected the sales of smart phones. According to IDC data, China's smartphone market experienced the largest decline in history in the first quarter of 2020, with shipments falling sharply by 20.3% year-on-year.

And not just China: globally, the year-on-year decline in smartphone shipments was the largest since the first quarter of 2020, down 11.7%. India is an exception. Smartphone sales in India increased by 1.5% in the first quarter compared with the same period in 2019. In the United States, shipments fell 16%.

All these factors are really not good news for biometric technology manufacturers that provide special fingerprint identification technology for fingerprint sensors such as consumers (mainly smartphones).

AI biometric companies in the whole biometric market in 2020

According to the prediction of ABI Institute, the whole biometric equipment market will reach US $28.2 billion in 2020.

Sales of fingerprint devices are expected to decrease by $1.2 billion, and sales in the government and security markets are expected to reach $1.1 billion.

However, for the entire biometric market, the good news comes from the growing investment in AI recognition applications. AI biometric companies also took the lead in promoting the development of biometric technology (predicting the cost of pavlakis each time) (even predicting potential outbreaks in the future).

Pavlakis. "The new Internet of things and smart city centric applications will support new data flows and analysis, monitor infection rates in real time, enforce new data sharing plans, and even apply behavioral AI models to predict future outbreaks."

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