Biometrics Research Group Inc. projects that the global biometrics market will grow to $15 billion by 2015 from its 2012 estimated value of $7 billion.
The market for automated fingerprint identification systems and fingerprint biometric technologies account for the greatest share of the global biometrics market and is forecast to continue to be the main source of overall market revenues from 2010 to 2015. This sector is valued at $5 billion in 2012 and is expected to reach nearly $10 billion in 2015.
Face, iris, vein, and voice recognition biometric technologies together form the second largest segment. This sector is worth an estimated $2 billion in 2010 and is expected to reach $5 billion in 2015.
Biometrics Research Group Inc. will be presenting research papers through this website. Stayed tuned for updates.
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March 13 2013 — Eye tracking and gesture will control future mobile devices
Biometrics Research Group, Inc. expects that technologies that track eye and gesture movements will play a large role in future mobile applications and devices.
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March 6, 2013 — Next round of smartphones to incorporate biometrics
Biometrics Research Group, Inc. expects that biometrics will become integrated within a wide number of mobile devices in the near future.
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February 20, 2013 — Biorhythm-based consumer electronics to become mainstream
Biometrics Research Group, Inc. estimates that wearable health and fitness sensors will exceed 40 million shipments by 2015.
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January 21, 2013 — Biometrics projected to cut bank operational risks by 20 percent
The implementation of new biometric technologies in the banking industry has the potential to cut a financial institution’s operational risks by at least 20 percent over the next 10 years.
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January 7, 2013 — Mobile devices to drive bank adoption of voice biometrics
Financial institutions have identified voice biometrics as one of the best means to secure its client accounts and financial information.
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December 19, 2012 — Emerging economies embracing biometric banking technologies
The need for highly secure identification and personal verification information systems is becoming extremely important, especially in the banking and finance sector.
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December 17, 2012 — Asia to lead growth in biometric banking applications
Identity theft and identity verification has begun to fuel growth for biometric applications in the banking sector.
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November 28, 2012 — Indonesia most advanced adopter of eID credentials
Implementing a biometrically-enabled identification card in Indonesia, the country with the fourth largest population, has been a vital step in creating a nationwide identification infrastructure.
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November 16, 2012 — Biometric Research Note: World’s first multilateral eID border crossing program proposed in Caribbean
With the introduction of CARIPASS, the 15 participating governments in the Caribbean aim to enhance regional security and support expedited travel throughout the entire region.
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November 15, 2012 — Biometric Research Note: Systematic process needed to implement government eID programs
The emergence of national eID technologies are placing pressures upon national governments to migrate to new credential standards in the interest of enhanced security.
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November 14, 2012 — Biometric Research Note: Market for electronic identity cards projected to grow
The Biometrics Research Group expects the market for electronic identity (eID) cards to reach US$5.2 billion by 2015.
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October 2, 2012 — Biometric Research Note: ImageWare Systems, Inc.
ImageWare Systems is a “speculative buy” for retail and institutional market investors because they are an attractive acquisition target for larger biometric firms.
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September 28, 2012 — Biometrics Research Note: Aware, Inc.
Aware, Inc. (NASDAQ: AWRE) is a “speculative buy” for investors that are intent on holding equities that provide exposure to the biometric sector.
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September 26, 2012 — Biometrics Research Note: Consolidation trend expected to continue in biometrics sector
The Biometrics Research Group has observed significant consolidation of the biometrics industry, where a few large multinational firms, who are actively pursuing government, as well as commercial applications, have acquired many small companies. We expect this trend to continue.
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September 25, 2012 — Biometrics Research Note: Biometrics to gain traction in security product market
The demand for new technology such as biometrics and smart cards will broaden the market for residential and commercial security products in the United States over the next five years.
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August 10, 2012 — Biometric Research Note: Integration companies winning military biometric contracts
Integration companies that adopt a consulting based approach to biometric-based security implementations will have a competitive edge in terms of securing military contracts.
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August 9, 2012 — Biometric Research Note: U.S. Government Driving Biometrics
The U.S. Government is the major driver of biometrics. Biometrics Research Group Inc. conservatively estimates that the U.S. Government is spending at least US$450 million per annum on pure biometric research. Continue reading ..
August 8, 2012 — Biometric Research Notes: FLIR Systems
The stock price of FLIR Systems is projected to rise over 25 percent over the next year. The firm which focuses on the defense, security and law enforcement segments however will be affected by economic instability and by lowered rates of U.S. military expenditures. S&P has placed a hold recommendation on the stock. Continue reading ..
August 7, 2012 — Biometric Research Note: Commercial Applications for Biometrics Growing
Biometrics Research Group Inc. projects that the global biometrics market will grow to $15 billion by 2015 from its 2012 estimated value of $7 billion. The market for automated fingerprint identification systems and fingerprint biometric technologies account for the greatest share of the global biometrics market and is forecast to continue to be the main source of overall market revenues from 2010 to 2015. Continue reading ..
