Request demo
en
Site language:
A biometric software product for increasing the level of security at the facility during video surveillance
A biometric software product for biometric identity verification in access control and management systems
A biometric software product for displaying personalized media content
A biometric software product with facial recognition for reliable identity check
A biometric software product with facial recognition that expands the electronic queue systems with personalized services for visitors
A software product that provides simple and reliable working time and attendance by identifying faces using tablets, IP cameras, or terminals
A biometric software product with robust user authentication for unlocking a device or gaining access to operating systems or apps
A biometric software product with facial recognition that provides enhanced communication with clients
A biometric software product that provides a reliable and quick check of the gym clients access right without employee’s participation
A new level of work with visitors and employees of Business centers opened with the help of biometric products
Biometrics for convenient service to citizens, including remote monitoring of the quality of personnel work
Biometric monitoring of working hours and additional security tools for industrial facilities
Modern methods of biometric analytics for safe operation of sports facilities
Convenient and secure transport solutions based on the digital identity of the passenger
Biometric solutions for a new level of security and interaction with visitors
Biometric video Analytics for targeted marketing and personnel control in distributed networks
Biometric products for proctoring and video surveillance systems in educational institutions
Keyless biometric access to rooms, targeted approach to each client and information about the time of work for employees
Necessary tool for the security and competitiveness of a modern Bank
Improving the level of security, speed of investigations and timely prevention of illegal acts in the urban public space
Customer-oriented solutions, acceleration of the work process of the registry area, control of the staff of the entire institution
RecFaces makes facial biometrics simple and applicable. We provide a wide range of ready-made biometric solutions for businesses to upgrade their security and technological efficiency.
We are ready for cooperation and sales through the partner network. To get advice on your project, please contact us by e-mail sales@recfaces.com
It is our principal and invaluable resource. Talented and energetic people of our team unite the like-minded ones which helps to expand expertise and company’s growth.
Join us!
We are always happy to answer all your questions. Contact us in any way convenient for you.
We share our long-term expertise
in the development of biometric software.
Comprehensive information for your projects.
Just theory, practice and statistics
Discover our latest news and updates
on facial recognition technology
Find out more about
RecFaces company here

How Boxed Solutions Transform the Facial Recognition Market

Transform the Facial Recognition Market — RecFaces

When it comes to implementing facial recognition systems, many companies traditionally opt for custom development, fully aware of the time-consuming and resource-intensive nature of the process, as well as the unpredictability of the outcome. However, the biometrics market offers industry-specific ready-made products that can address the client's needs effectively.

Sometimes custom development of an IT system is the only option. This occurs when the client's automated processes are so unique that ready-made solutions are not available or when the client is faced with an entirely new technological challenge.

Nevertheless, for the past 10 years the biometric technology market has been maturing significantly. Facial recognition algorithms now enable fast and accurate identification of individuals, even when they are wearing masks, glasses, or beard. Solutions based on such algorithms have found widespread application in various industries, from banking and marketing to «safe city» and “smart city” systems.

Contents:

How Mature Is The Facial Biometrics Market and Is There Any Growth Potential?
The Dilemma: Intrigue or Predictability?
Developing a Boxed Solution
Try Before You Buy

How Mature Is The Facial Biometrics Market and Is There Any Growth Potential?

Analysts attribute the increasing demand for biometric technologies to the growth of e-commerce and banking, cloud technologies, public space security, identification for government services, and the shift towards remote work. These factors drive the advancement of biometric algorithms and complete systems based on them.

In the facial biometrics segment, the revenue growth rate of 29.25% and market volume growth rate of 15.4% indicate both technological advancements and high demand. According to a forecast by Fortune Business Insights, the global facial recognition technology market is projected to reach nearly $13 billion by 2027, with a compound annual growth rate (CAGR) of 14.8%. The niche of 3D recognition is growing even faster, with a CAGR of 21.6%, according to a report by Market Research Future.

The facial recognition market has reached maturity, surpassing the trial-and-error phase and initial custom development. It is now time to closely consider ready-made solutions.

The Dilemma: Intrigue or Predictability?

When a client chooses custom development, they become reliant on the system analyst. The stage of gathering and aligning system requirements is considered «risky» since it can divert the development team from the ultimate goal, lead to the inclusion of unnecessary features, and the absence of crucial ones. According to K. Weigers and J. Beatty, «between 40% and 50% of all defects discovered in software products can be traced back to errors made during requirements gathering. Incorrect information from users and deficiencies in defining and managing customer requirements are the primary causes of project failures.» Requirement gathering errors often result in implementation delays, budget overruns, and endless rework.

By purchasing a boxed solution, clients are spared from these unpleasant surprises. Most ready-made solutions have evolved from successful custom systems. The development of an off-the-shelf product involves analyzing and systematizing the end-users' experiences with the real system and conducting in-depth marketing analysis. In other words, developers already know what the resulting system will be. Essentially, they take a specific set of user scenarios, optimize them, and refine them into a stable and tested software product.

According to Eugenia Marina, RecFaces Business Development Director for MENA, “If a client is ready to pay for custom development, our company can develop something additionally. But in 80% of cases, the end user has enough solution functions already developed for him/her. 10-15% of requests are for additional integrations, which we make through the API. And only 5% is customization, which is easier for us to transfer as added value to partners, and focus on increasing the competitiveness of the solution. Eventually everyone benefits from it: end users, our partners and vendors.”

Product development relies not only on bug fixing but also on customer feedback and the implementation of rational and demanded features. If developers can create a system whose functionality meets 80-90% of the customer's requirements, such a software product can pose serious competition to custom systems. In such cases, clients have no reason to spend months on developing and implementing a custom software product.

Developing a Boxed Solution

The main argument of supporters of box solutions is that they are cheaper and allow businesses to start using the product quickly. Opponents, on the other hand, assure that all businesses have their own nuances and can only be taken into account during custom development. That's why the company puts into its boxed solutions not only the most common and popular scenarios for the industry, but also less obvious use cases that can be implemented simply by changing the default system settings.

Each RecFaces’ finished product is aimed at implementing biometric solutions in a certain industry or market area and are intended to work with a certain scenario specific for it. However, there are always many more opportunities in it. For example, Id-Gate is designed to recognize faces at the entrance. Such systems are commonly used to replace passes and simplify the entry process. However, if security is crucial for the company, the system may not work as a replacement for a pass, but as an addition to it, checking that in front of it is really the same person who was issued a pass.

Try Before You Buy

All of these factors highlight the advantages of the “boxed” approach as a more quick, profitable and efficient way to implement facial biometrics technologies compared with a fully customized implementation project “from the algorithm” and even a cloud-based option. However, the RecFaces offer has another significant advantage, and that is the ability to install and run a PoC in a real-life environment.

RecFaces, a company at the forefront of this trend, has developed 9 industry-specific ready-made solutions with facial recognition functions and is ready to share the expertise at their webinars. During these training sessions, partners and clients receive detailed information about the functionality and fine-tuning of each product for effective ways for solving problems with its help. In this way, the company helps partners fully utilize the capabilities of the products and most importantly, to evaluate the benefits of this approach for their budget.

Here you can rate our article
Here you can rate our article
Thanks!

Subscribe to our newsletter