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With the identity management market growing at a rapid pace, biometric identifiers are recognized and accepted as integral components of identification process in the public and private sectors. Our new research report "Global Biometric Forecast to 2012" has found that the global biometric market will grow at a CAGR of around 18% during 2010-2012 owing to the rising usage of key biometric technologies like hand geometry, iris technology and finger recognition by governments worldwide.

The Iris recognition technology depends on distinctly colored ring that surrounds the pupil of the eye. Iris recognition offers low false match rates and hands-free operation. As the technology is relatively easy to use and can process a large number of people quickly, the uptake is rapidly rising. Moreover, iris recognition will primarily be used in applications that require high levels of security though convenience-driven deployments will continue. According to our new research report, the Iris recognition technology market is forecasted to grow at a CAGR of around 30% between 2010 and 2012 to reach around US$ 900 Million by 2012 end.

Besides, we have successfully undertaken extensive research and analysis to recognize the present and future biometric market trends at the regional level. Analysis has been done on the major geographic markets such as North America, South America, Europe, Asia-Pacific and Middle East and Africa. The report has studied the global biometric market by segmenting it into various sub-segments like technology and application. The application sub-segment includes - civil identification, criminal identification, consumer identification, access control/attendance and device/system access - and updates clients with each segment present market size and future growth prospects. 

"Global Biometric Forecast to 2012" contains extensive information about country level initiatives and biometric verticals - like law enforcement, government support, adoption of technology in banking, healthcare, retail and transportation sectors. It has thoroughly evaluated factors that might restrain growth of the biometric industry to help clients prepare themselves for challenges ahead. The factors which will be fueling future growth have also been discussed in detail.

For more information visit: http://www.rncos.com/Report/IM140.htm