AI-driven technologies enable every supply chain participant which includes the end customer to verify products and spot potential counterfeit activities. Additionally, software for image recognition efficiently evaluates product photos and matches them with originals to detect even the most cleverly disguised counterfeits. Counterfeit detection happens automatically and at a scale. It prevents fake goods from deceiving consumers. AI also effectively identifies intellectual property breaches like unauthorized use of a brand’s logo. This allows companies to take prompt legal measures against those responsible.
The authentication and brand protection market size in the years ahead will be influenced by the organizations’ commitment to preserving brand equity. It is also by ensuring product safety and maintaining integrity. Additionally, stricter enforcement of anti-counterfeiting regulations will positively impact commercial trends. The manufacturing sector expansion will provide abundant new opportunities for this market. Fast market expansion has been anticipated in recent years. It is driven by the adoption of protection techniques like holograms and tamper-evident seals by various companies.
In addition, the worldwide trend of increasing urbanization and the rise of omnichannel retailing have caused a notable upswing in the next years. The recent authentication and brand protection market growth is largely due to the imperative to ensure data integrity. The RFID tools broad application has facilitated global market expansion. However, it might experience slowed growth due to problems with data integration. It can cause data loss along with device breakdowns.
Blockchain technology ensures secure tracking from the supply chain when raw materials are acquired to the end where the completed product reaches the consumer. This secure tracking assists in combating counterfeiting by verifying the proof of origin for each item. Blockchain has the potential to add substantial value to luxury items. That includes jewelry and leather goods by offering evidence of their origin. While blockchain is a relatively new technology it is already having a considerable impact on several industries.
With its capabilities in visibility blockchain technology is ideally suited for combating counterfeiting. Counterfeit goods remain a persistent problem. It costs businesses billions in financial losses. This also endangers public safety and health.
Protecting smartphone authentication and trademarks is also vital. It is to preserve both brand reputation and user security. In the digital era where cell phones are essential, ensuring data security and maintaining brand integrity are of utmost importance. Smartphone authentication is the process of confirming a user’s identity to enable access to the device or designated applications. The authentication and brand protection market growth in the years ahead is being driven by various methods. That includes password or PIN, 2FA or MFA, and pattern unlock.
Significant progress in micro text, UV backlight ink, and intentional flaws is driving this expansion. Such advancements make it possible to reveal printed images under ultraviolet light that would otherwise be invisible in normal lighting.
For More Info https://www.grandviewresearch.com/industry-analysis/authentication-brand-protection-market-report
The rise of authentication systems has also spurred the creation of numerous innovations. Overt technologies have gained prominence in this market. They are expected to lead in the next years due to their typically lower costs in comparison to covert and forensic techniques.
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