Technological Developments Driving Global Biometrics Market

Our report “Global Biometric Forecast to 2012” provides comprehensive information on various biometric technologies as well as their rising applications in different areas. It also contextualizes the role of technology in improving the security of both private and public sectors. It highlights the countries paying a big deal of attention to the application of biometric technology across a wide range of industries.

 

With increasing use of key biometric technologies like hand geometry, iris technology and finger recognition by the governments across the globe, the global biometric market is forecasted to grow at a CAGR of around 18% during 2010-2012. By the end of 2009, the Automated Fingerprint Identification System (AFIS)/live scan market alongwith fingerprint and face recognition will account for the largest chunk of global biometric market.

 

According to our report, North America and Europe dominates the biometric market accounting for 31% of the global biometric market in 2009, closely followed by Asia-Pacific region. The Middle East and Africa region is also expected to emerge as a growing market for biometric by 2012 as the Gulf and South African regions are undertaking several initiatives and starting various biometric programs.

 

We have found that law and order presents a number of opportunities for biometric technologies. An increasing number of countries are using biometrics to identify their citizens. The new anti-terrorist legislation in the US forced the government to mandate the use of biometrics in visa and passport, resulting in drastic growth of the global biometric market. Realizing the sensitivity of the issue of national security, many other governments are also following the same track.