Contactless biometrics are expected to see continued growth in the access control market during the coming year, thanks in part to more accurate and advanced technology.
Similar to how
analytics was expected to be the “it” trend for over a decade, predicted explosive growth in biometrics has also remained “just around the corner.” Today, however, significant advances in technology have lowered the cost and improved the performance of virtually all biometric modalities, making adoption easier.
The global
biometrics-system market is expected to reach US$41.8 billion by 2023, growing at a compound annual growth rate (CAGR) of 20 percent, according to a report by Markets and Markets.
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