Future of Face Recognition Technology: The face recognition technology market is rapidly growing. According to a source, it was estimated to be worth $6.3 billion in 2023 and will reach $13.4 billion by 2028. The technology’s adaptation is increasing because it enhances workflow, efficiency, and automates processes.
Moreover, the application of face recognition technology has become widespread across industries. For example, it is widely used in the healthcare industry to link biometric identities with insurance policies and ensure that the account holder receives the mentioned benefits.
Similarly, in the education and corporate sectors, it has become a highly efficient method for ensuring an individual’s real-time presence at a location if used as an attendance management system. Likewise, face biometrics help to identify people enlisted on a watchlist, which enhances organizational security. Also, many enterprises use this technology for access management and preventing intrusions.
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Global Transformations Through Face Recognition
Face biometrics have vast applications and are rapidly increasing because of the benefits they provide. Today, we will uncover some of the significant changes that we are witnessing or will happen in the coming years.
Integration with CCTV/IP Cameras
CCTV cameras are standard security measures in global organizations. However, incorporating AI-powered face recognition technology into them advances their capabilities. Unlike traditional cameras, they no longer require human intervention to identify employees or visitors.
Moreover, they can easily grant access or mark workers’ attendance in their vision. Advanced solutions also allow for calculating in-office employee productivity using their check-in and checkout logs.
The application of the technology could also help solve investigations by detecting persons from a list of employees, visitors, or other government lists. Such information helps organizations catch the culprit in a shorter period.
Attendance Management Systems
Face biometrics have become a popular method of managing attendance, especially for contractual or hourly employees. Workers’ check-in and checkout timings are helpful in manufacturing, real estate, automobiles, hotels, travel and tourism, and many other industries.
Contactless biometric authentication with liveness detection helps to avoid tampering or spoofing and requires the workers to be present at the designated location at the specified time.
Moreover, the biometric attendance management system with analytics helps to understand the estimated employee check-in and checkout timings.
This information can further help identify employees who often check in late or check out early. The HR and admin staff can take corrective action against such workers and even notify them about their timing gaps.
Access Management Solution
Face, fingerprint, voice, and other biometrics have been integrated into the access management system to enhance the enterprise’s security and user convenience. By doing so, the organization ensures that the correct person is accessing the premises. As a result, it helps prevent intrusions and avoid data breaches.
Additionally, a Biometric Visitor Access Management Solution has already become possible. Therefore, organizations already use biometric VMS to grant seamless access to their premises without making guests wait in the lobby or standing in a queue to receive an access pass.
Furthermore, face recognition has become widely popular for making online payments, accessing devices, or logging into an online account. These three methods are commonly found in banking, insurance, financial services, investment, gambling, gaming, and many other industries requiring end-user verification to avoid compliance fines and enhance user experience.
What Does the Future of Face Recognition Technology Hold?
The future scope of face recognition systems is vast; however, a few significant implementations can take place across sectors. Today, we are going to explore some of them.
Healthcare
The face detection systems could allow hospitals and healthcare centers to identify patients who left the building without the attendant’s knowledge. Moreover, they can get linked to security systems to raise alarms during such an instance.
Similarly, the integration of face identification can further link to digital identities and help to give claims to the correct beneficiaries. It has become a common practice; however, it has yet to become a popular method.
A critical practice that has not yet become common in care-taking places like hospitals and healthcare centers is the amalgamation of face biometrics with body posture detection. Combining the two would help to identify a patient advised to keep back straight but slouching, a person who fell and would need assistance, someone facing a critical health problem, etc.
Security & Law Enforcement
Recognizing people of interest is essential to preventing significant incidents at airports, parking lots, or public places. Law enforcement can use face biometric technology to identify such people and prevent mishaps.
Moreover, another common practice that will become widely visible in the coming years is crossing checkpoints at airports without hindrance using face-detection online kiosks. This practice has been implemented in many global airports; however, it has yet to scale up in many seaports and airports.
Similarly, global agencies may or could use face identification solutions to learn about the last place a person listed on PEP, AML, sanction check, and other lists visited. The law enforcement biometric market size in 2023 was $10.2 billion and is projected to reach $25.3 billion by 2030.
One of the key reasons that would drive the growth is the use of IP camera face detection systems in forensic investigation, too, in addition to the ones we have already covered. By using IP camera face detection systems, tracking criminals and solving crimes becomes speedy.
Education
Although many educational institutions have understood the essence of face biometric attendance systems, a much broader scope remains unknown to them. For example, a face recognition solution can quickly identify a person holding a gun on the premises.
Under such circumstances, law enforcement agencies can easily use the information to communicate with the student, staff member, parent, visitor, or other person listed in the database.
Similarly, a student’s or staff member’s actual presence at the center can be ensured through such a system. The advanced scope of the solution can come by integrating with IP cameras installed in classrooms. Motion-detecting cameras with face recognition can identify engaged and inactive students during a session.
Conclusion
Face recognition technology has a wide scope across healthcare, hospitality, education, manufacturing, real estate, law enforcement, and many other industries. The market size is rapidly growing due to the technology’s many applications.
Besides user convenience and enhanced security, face biometric solutions provide a high level of familiarity, as using them has become common for unlocking devices, accessing apps or accounts, making payments, and much more.
Simultaneously, the risk of misusing face biometrics has also increased. Therefore, it has become critical to incorporate liveness detection, artificial intelligence, and other technologies to keep biometric identities safe and secure.
Connect with us today to implement Biocube’s state-of-the-art solutions into your existing attendance access management systems.