By 2025, over 1.4B expected to use facial recognition authentication

A new study from Juniper Research expects the number of software-based facial recognition users to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020, according to a company release.

The research recommends that facial recognition vendors implement rapidly evolving AI-based verification checks to ensure the validity of user identity as spoofing attempts increase.

Fingerprint sensors will feature on 93% of biometrically equipped smartphones in 2025. This compares favorably to hardware-based facial recognition, with just 17% of biometrically equipped smartphones expected to feature these capabilities in 2025.

The research also found that the use of voice recognition for payments is expected to increase from 111 million users in 2020, to over 704 million in 2025. The report identified that, at present, voice recognition is mostly used in banking, and will struggle to grow beyond this. Juniper Research recommends that vendors adopt a multi-method biometric strategy, which encompasses facial recognition, fingerprints, voice and behavioral indicators to ensure a secure payment environment.

Source: ATM Marketplace