Increasing security concerns ranging from individual identity theft and corporate security to national security are driving the biometric market around the world. According to our new research “Global Biometric Forecast to 2012”, the global biometric market is forecasted to grow at a CAGR of around 18% during 2010-2012. This is due to the increased demand for more integrated security solutions from vertical sectors such as education, law enforcement, government, healthcare and manufacturing facilities.
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 the Asia-Pacific region. Also, by 2012, the Middle East and Africa region is also expected to emerge as a growing market for biometric as the Gulf and South African regions are undertaking several initiatives and starting various biometric programs. Particularly, a number of opportunities for biometric technologies are present in law the field of law enforcement, with several police forces in the world using biometric access control technologies.
Our report offers extensive research on various biometric technologies and applications. By the end of 2009, the Automated Fingerprint Identification System (AFIS)/live scan market along with fingerprint and face recognition will account for the largest chunk of global biometric market. Moreover, Civil ID and Criminal ID will be the top two major applications in 2009 and the same trend is expected to continue in near future also.
Besides this, our report thoroughly analyzes the global biometric market and discusses its current and future scenario on the regional basis. It underlines the future potential areas and key industry restraints critical for the development of the market. The report also provides forecast on the biometric market by technology and biometric by region. Our report also highlights some of the countries across the world undertaking major biometrics initiatives.
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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.
