This report examines the Artificial Intelligence (AI) industry, including its leading companies. The report aims to give a general picture of the current environment as well as global and regional affairs that influence the development of the various segments of the industry, using available data.
Biometrics are unique physical or behavioral traits used to identify individuals electronically, offering a highly accurate identity management system. Common physical biometrics include fingerprints, facial recognition, iris scans, voice patterns, and DNA, while behavioral biometrics analyze actions like walking, gesturing, or typing. Biometric technologies use hardware (e.g., fingerprint sensors) to capture data and software to process it for authentication. The Biometrics Scan Software industry, which develops software for these systems, has seen significant growth over the past five years, driven by demand from both government and private sectors.
Over the next five years, increased investment from private sectors such as healthcare, construction, finance, and consumer electronics is expected to drive demand for biometric software and boost revenue.
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