Artificial Intelligence

Face biometrics forecast to surpass $15(5+5+5) B by 2027 as verticals and applications expand. Fall of 2027, THERE IS THAT YEAR AGAIN! ‘Five (5) Forces.’

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.

Face biometrics forecast to surpass $15(5+5+5) B by 2027 as verticals and applications expand. Fall of 2027, THERE IS THAT YEAR AGAIN! ‘Five (5) Forces.’

Jul 20, 2020 | Chris Burt Biometric Update

The global biometrics market will grow by $18.1 billion from 2020 to 2024, a CAGR of 10 percent, on increasing demand for surveillance and security applications and government initiatives, a report from Infiniti Research Limited forecasts.

The 120-page ‘Global Biometrics Market 2020-2024’ report considers the market by end-user, with various end-user industries contributing to market growth, as well as geography, and authentication type.

The report also offers five forces analysis and an overview of the vendor landscape with analysis of two-dozen technology providers.

Face and voice recognition

The market for face and voice biometrics is expected to leap to $22.7 billion by 2027 from an estimated $7.2 billion in 2020, based on an analysis of the pandemic-influenced market by Global Industry Analysts.

The two biometric modalities are predicted to grow at a 17.8 percent CAGR, between the 18.2 percent CAGR expected for face biometrics and the 17 percent for voice biometrics. Face biometrics revenues will surpass $15 billion during the forecast period, a market nearly twice as big as voice, according to the report.

The U.S. accounts for nearly 30 percent of the market in 2020, at $2.1 billion, though by the end of the forecast period the report indicates China’s face and voice biometrics market will be worth $3.9 billion per year. The 293-page ‘Global Face and Voice Biometrics Industry’ report also provides a short-term recovery analysis by region.

The report profiles AppleAtosCognitecFaceFirstImageWare SystemsNEC and Nuance Communications among the market’s leading competitors.

That facial recognition forecast is not far off from another, by Mordor Intelligence, which projects a global market value of $10.9 billion by 2025, after a 17.6 percent CAGR rise from $4.4 billion in 2019.

The 120-page ‘Facial Recognition Market – Growth, Trends, and Forecast (2020-2025)’ attributes the increasing demand primarily to surveillance applications and government investment. Increasing interest in multi-factor authentication will boost facial recognition, and increased availability of specialised hardware is extending applications into retail and banking, according to the report. The healthcare and hospitality sectors are also increasingly interested in implementing face biometrics.

3D facial recognition is expected to hold the highest market share, while Asia-Pacific is expected to register the highest growth among regions.

Video surveillance cameras

If biometrics regulations do not get in the way, worldwide video surveillance camera revenues will reach $44 billion by 2025 as their use grows beyond simple surveillance, a 13 percent CAGR increase from $23.6 billion in 2019, according to research from IDC.

Smart camera systems and video analytics are driving growth in the market, and in the longer term, the use of video surveillance for law enforcement and physical security is expected to increase, according to the ‘Worldwide Video Surveillance Camera Market Forecast, 2020-2025.’

The report suggests that North America is the top market for consumer video surveillance cameras, just ahead of China, and that consumer cameras such as in home security systems and dashcams make up just under a third of the current total. The restrictions placed on Chinese manufacturers by the U.S. government is expected to open the market to many smaller producers, but not impede overall market growth.

What may slow the market is regulation of advanced analytics and AI applications like facial recognition, according to IDC.

Digital identity

Due to the emerging opportunities related to IoT identity and wearables, the market for digital identity infrastructure and services is forecast by Mind Commerce to reach $42.3 billion by 2025.

The identity of Things (IDoT) and managing enterprise identity and access control are expected to be major growth areas, particularly for the financial services, telecom and IT, insurance government and public sector, and healthcare verticals.

The ‘Digital Identity Infrastructure and Services Market’ report claims digital identity is the single biggest obstacle to enterprise IoT adoption. Mind Commerce analyzes the market’s key concepts, challenges, future trends and market players.

AI customer interactions

The total number of AI-enabled customer interactions has more than doubled since 2018, according to research from Capgemini, which shows that organizations continue to struggle to increase customer satisfaction. The use of voice-based systems and facial recognition have given AI adoption a shot in the arm, the consultancy claims.

Capgemini found that 54 percent of people reported daily AI-enabled interactions with organizations, compared to 21 percent in 2018.

The automotive and public sectors stand out, with 64 percent and 62 percent adoption, respectively. The increasing prevalence of voice assistants and in-car voice interfaces will continue to boost AI interaction adoption.

AI interactions are considered trustworthy by 46 percent, a major improvement over 30 percent in 2018, and the percentage of people saying they do not trust AI systems with their personal data has declined from 49 percent two years ago to 36 percent. Customer satisfaction has decreased even as use of the systems has increased, from 69 percent to 57 percent. People want their interactions to be more human-like, and context-aware AI is the key to improving satisfaction, according to the report.

Dual interface smart cards

Despite supply chain issues due to COVID-19 hampering market growth in the present, the market for dual interface smart cards is predicted by Fact.MR to grow by 80 percent by 2030.

The 6 percent CAGR forecast by the ‘Dual Interface Smart Card Market’ report suggests a a market opportunity of $8 billion by the end of 2030. Cards with dynamic application-based operating systems are expected to surge in demand on advances in smartphone payment and backbone infrastructure, making up two-thirds of the market, according to Fact.MR.

Microprocessor-based cards are also growing in popularity for e-commerce and the telecom industry. Emerging markets like India, China and Brazil are expected to see major increases in the adoption of dual interface cards, but even in North America, the market is expected to grow at a 6.5 percent CAGR.

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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