A new report found that facial recognition hardware will be the fastest growing form of smartphone biometric hardware.
Juniper Research’s report says the hardware – such as Face ID on recent iPhones – will reach over 800 million in 2024, compared to an estimated 96 million in 2019.
The new research, however, notes that the majority of smartphone facial recognition will be software-based, with over 1.3 billion devices having that capability by 2024.
Juniper Research said in a statement that this is made possible by advances in Artificial Intelligence, “with companies like iProov and Mastercard offering facial recognition authentication that is strong enough to be used for payment and other high-end authentication tasks.”
Juniper Research says all vendors should “embrace AI to drive further developments of capabilities and therefore increase customer acquisition.”
For more insights, download Juniper Research’s free whitepaper, The Impact of Regulation on Securing Mobile Payments.