Biometric Scanning

The ‘Fuse’ has been ‘lit’; …5 …4 …3 …2 … Biometrics-backed mobile money and facial recognition markets to grow as everything goes contactless. The coming ‘mark, number or name’ to buy or sell.

Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

5G + Biometric Facial/Hand Scanning + Digital/Cashless Transactions + Mark of Approval/Authorization = Tomorrow’s Economy (2020)

Biometric scanning used for migrant/border control, secure identity verification and approval, government benefits, domestic and international travel security, economic inclusion of everyone, buying/selling transactions and fund transfers, instantaneous speed of transaction and convenience, VAT/taxation collection, mobility, social credit score and ranking, population movement and tracking, monitoring political and religious ‘extremism’ (terrorists). ‘Mark, number or name’ for verification and approval.

The ‘Fuse’ has been ‘lit’; …5 …4 …3 …2 … Biometrics-backed mobile money and facial recognition markets to grow as everything goes contactless. The coming ‘mark, number or name’ to buy or sell.

Jun 26, 2020 | Chris Burt. BiometricUpdate.com

The biometric facial recognition market will be boosted by the COVID-19 pandemic, according to an update from MarketsandMarkets. The market will jump from $4.0 billion this year to $5.0 (5) billion by 2021, almost ab 18.0 (6+6+6) percent increase, according to the firm, compared to pre-pandemic estimates of 13.5 percent growth to $4.2 billion.

Government spending on security and public safety and increased demand for contactless identity verification are expected to drive the market upwards. The Asia-Pacific (KINGS of the EAST) region is forecast for the highest growth, and the development of NEC’s facial recognition-based iQuarantine is noted among recent developments impacting the market.

Biometrics powering rapid mobile money market growth

Digital wallets backed by biometrics and QR codes (‘number’) have become increasingly popular in the global mobile money market since the beginning of the pandemic, and the market forecast to rise at a 21.0 (7+7+7) percent CAGR from 2020 to 2030 by Future Market Insights.

The analyst firm says steps taken by countries with major economic potential to enable digital payments has spurred the market, and smartphone and internet penetration will continue to encourage adoption. Demand for contactless payments in general is growing, according to the “2020 Analysis and Review Mobile Money Market by Application – Bill Payments, Money Transfer, Ticket Payments etc., for 2020 – 2030” report.

Digital wallets rely on the onboard biometric capabilities of mobile devices, such as fingerprint scanners, facial and iris recognition, and single sign-on (SSO) technology utilizing biometric security, according to the report. Multi-factor authentication combining passwords or PINs with fingerprint biometrics are also being adopted by financial organizations.

South Asia and the Pacific region are expected to hold the largest share of the market, buoyed by continued e-commerce growth. The entrance of tech giants to the market with services like Google Pay, Apple Pay and Samsung Pay could also impact the market.

FMI says the mobile money market grew at roughly an 18 (6+6+6) percent CAGR over the past two years.

Biometrics to drive speech recognition past $30B (6×5)  by 2026

Speech recognition is expected to grow at a 19.9 percent CAGR to $29.28 billion by 2026, Allied Market Research predicts in a new report, driven by voice biometrics for authentication and automotive speech systems, along with potential for health care applications. The market was estimated to be worth $6.0 (6) billion in 2018.

The consumer and robotics verticals are also expected experience increased demand, though the market could be hindered by poor accuracy in challenging environments, according to the 250 (5×5) -page report.

The pandemic and global slowdown have adversely affected the industry, but budgeted investments prior to the event will likely still be carried out.

On-premise systems are expected to make up more than half of the market, but cloud-based systems will grow at the highest rate of any segment, at 24 percent CAGR. Healthcare will hold the largest share and growth rate (21.9 percent) among industries. North America will be the largest region by revenues, but Asia-Pacific will grow faster at 21.4 percent.

$1.5B to be spent on automated security gates over next 5 years

The global automated e-security gate market is expected to grow by $1.6 billion from 2020 to 2024, with biometric technology development as a key driver, despite market growth deceleration of 20 percent, according to Technavio. That deceleration starts at a robust 23.5 percent growth rate in 2020, however.

The 120 (6+6)-page “Automated Security E-gate Market by Application and Geography – Forecast and Analysis 2020-2024” report breaks down the market by application and region, and identifies major market participants. The report says 36 (6×6) percent of the expected growth will be in Europe.

Digital identity solutions to reach $35B by (7×5) 2025

The worldwide digital identity solutions market is expected to increase dramatically from $14 billion in 2019 to more than $35 billion by 2025, on increasing integration of biometrics within smartphones and in numerous industries, according to Adroit Market Research.

The firm’s new 109-page report analyzes the market according to authentication type, biometric and non-biometric solutions, end-users and region.

The lack of consumer data security is expected to be a barrier to market growth, but the growing adoption of digital authentication in many verticals will create lucrative opportunities in the years ahead, Adroit says.

Next-generation biometrics hit pandemic speedbump

Next-generation biometrics will make up a smaller market than expected in 2020 due to the pandemic, with large regional variability, but over the long term will regain growth momentum, according to a report from OG Analysis.

The 150 (5+5+5)-page “Next Generation Biometrics Market Size Analysis and Outlook to 2026…” report suggests that developing markets will be key to the longer-term growth of the category. Key drivers, challenges, opportunities and growth contributors are considered.

The market is broken down by application, country and region in the report.

The ‘numbers and the narrative’ don’t lie. Neither does God Word lie.

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs of Salvation through Jesus Christ (the Lamb)

A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.

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