FB pixel

Report predicts the fate of biometrics for the next five years


A new market research is now available in the catalogue of Reportlinker.com. The recent report is titled “Global Biometrics Market Forecast and Opportunities, 2017”. It includes topics pertaining to the global market size, market share and its forecast, top seven biometric technologies, global market trends, top seven technologies with regards to regional applications and market size and lastly, competitive landscape and strategic recommendations.

The report mainly talks about the limitations and inconvenience in using alternative identification methods such as PIN codes, photographs and passwords. These inconveniences are what pushed the rapid growth of biometric technologies in the last decade. Increased crime rates and frequency of terrorist attacks have also prompted authorities to raise the standards of security systems immensely.

According to the report, the 2014 revenues from the biometrics market are expected to reach around $10 billion. This is because there is an increasing demand for state of the art security systems for public facilities and government agencies, the Internet and financial institutions. In the past, fingerprint technology was seen as the most secure form of biometrics security. However, new developments such as vein recognition and iris scan technology are slowly gaining ground and have become an acceptable form of biometrics security globally.

The different uses of biometrics technologies in border control, national identity such as the Aadhar in India and electronic passports have further pushed the biometrics technology market to diversify applications. Europe and North America are the biggest markets for these kinds of technology and they are responsible for as much as 62 percent of the total revenue collected in 2011. Increasing public acceptance what gives the biometrics market its huge growth potential.

Has the field of biometrics begun to realize its full market potential?

Article Topics

 |   |   |   |   |   |   |   |   |   | 

Latest Biometrics News


EU watchdog rules airport biometrics must be passenger-controlled to comply with GDPR

The use of facial recognition to streamline air passenger’s travel journeys only complies with Europe’s data protection regulations in certain…


NZ’s biometric code of practice could worsen privacy: Business group

New Zealand is working on creating a biometrics Code of Practice as the country introduces more facial recognition applications. A…


Demonstrating value, integrated payments among key digital ID building blocks

Estonia has achieved an enviable level of user-centricity with its national digital identity system through careful legislation and fostering collaboration…


Strata Identity launches uninterrupted identity services product

There are a few things that can be more annoying than your office computer logging you out of applications because…


Digital identities shaking up identity verification industry: Regula

The arrival of digital identities is shaking up how companies operate and verify identities. Regula has published a survey with…


Digital ID for air travel is DPI that could lift Africa’s economy, HID argues

As the African continent experiences economic growth and increasing global integration, the potential for enhancing air travel through improved digital…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events