In the early part of 2009, there were many people in the industry who worried about how the biometrics industry will continue in the recession. As expected, there are indeed a handful of biometric-related projects that have been postponed or even cancelled. The biggest reason for this is that the original budget was cut because of the financial crisis.
According to analysis of the smart card and automatic identification industry by senior analysts from Asia-Pacific region of Frost & Sullivan, an internationally renowned research organization, it was pointed out that in the first half of 2009, the revenue of many small manufacturers was greatly reduced. "Despite this, the biometrics industry is still developing healthily. Especially under the government-led project, the development of the biometrics industry still stands out."
Voice biometrics technology began to emerge in 2009 as banks in Asia and Europe began testing voice-recognition bank operations. There is still considerable room for improvement in speech biometric technology, which makes this technology more perfect, and many practitioners in the biometrics industry are optimistic.
Fingerprint biotechnology is currently the most widely used biometric technology. 70% of the income of the biometrics industry in Asia Pacific comes from fingerprint recognition. “We can see that in the coming years, with the recognition of palm veins and palms gradually becoming more feasible and common, fingerprint recognition will reduce its application in the coming years. Many people have not been exposed to this technology. Therefore, this non-contact palm vein recognition technology will be concentrated in the Asia Pacific region to promote.†Rajendra said so, “By introducing non-contact palm scanners, biometric technology will be as widely accepted as Japan and South Korea. What is more, because the advanced nature of vein recognition technology requires the non-contact palm scanner, other areas that want to use this technology must use this kind of non-contact media, because this device allows individuals to have their own hand scans, and No physical contact is required, so hospitals in the United States have also begun using non-contact palm vein scanners."
In terms of industry trends, Mr. Rajendra said that in the past few years, various biometric technologies have been gradually integrated into one unit to provide more accurate verification functions. "In the Asia Pacific region, many system integrators are focusing on providing multimodal biometrics to provide a higher level of security. In addition, system integrators have begun to integrate more applications for biometric smart cards. ,†he said. “With the integration of biometrics and smart cards, biometric verification can be performed offline in real time, reducing costs. Now, there are many ID cards that integrate biometrics technology that are beginning to be widely Certificates, border controls, banks and rural finance have been applied."
Mr. Rajendra wrote an application that is suitable for banks and other financial institutions to expand the rural market. They have responded very well in the past three years. “Biometric technology has allowed numerous financial institutions to enter the rural market. This was previously It is considered something that can never happen because there is no communication line for authentication.†In the near future, Mr. Rajendra believes that the biometric system will not only not be significantly reduced, but will appear on the same price basis. Better products.
“As scanning speeds improve and new analytics software emerges on the market, biometrics technology is no longer purely for security purposes, but as a tool for collecting and digesting information, which will help manage an organization. As different types of security technologies are increasingly concentrated in a building, system integrators are also starting to realize the interoperability of biometric systems with other security systems and achieve seamless operations."