Day: September 30, 2024

Kephart Consulting, LLC has filed patent infringement lawsuits against Clearview AI and AxxonSoft, claiming they violated its patents covering techniques for event security using facial recognition and license plate capture. The lawsuits highlight the innovative aspects of real-time biometric identification and contrast this with traditional reactive security methods. Clearview AI and AxxonSoft face patent infringement…

The AFIS market is likely to grow from $8.8 billion in 2024 to $33.5 billion by 2032, at an 18.2% CAGR. The system is critically used for secure identification and is expanding across several industries including banking and healthcare. Continuous innovation and strategic marketing are essential for tapping into new market potentials. The Automated Fingerprint…

The Biometric Technologies market is projected to expand from $52.65 billion in 2023 to $100.26 billion by 2028, reflecting a CAGR of 13.8%. The growth is driven by rising cybersecurity threats and the integration of biometric solutions in consumer electronics and healthcare. Key players like Fujitsu and IDEMIA lead in innovation, while Asia-Pacific remains the…