Gemalto, Morpho, Oberthur, G&D dominating e-passport market: research
The global market for e-passports is set to grow at a CAGR of 32.5% over the period of 2012-2016, according to new research published by TechNavio.
The report, Global e-passport Market 2012-2016, notes that one of the key factors contributing to this growth is increased government regulations. However, the report also indicates that high implementation costs of e-passports could pose a challenge to this growth.
According to the report, vendors dominating this space include Gemalto, Giesecke and Devrient, Morpho and Oberthur Technologies.
Biometric data is increasingly a part of e-passports – often as embedded fingerprints and facial images.
e-Passports are also seen as a major driver to the global biometrtics market. According to separate research, revenue for the global biometrics market is anticipated to reach $20 million by 2018, and national identity programs and biometric passports are major growth drivers for the industry.
Based on a recent Steria survey, more than half of Europeans support biometric systems for ID documents or ePassports.
According to a SecureIDNews report from 2012, 93 out of 193 U.N member states were issuing e-passports at the time, with 21 additional countries ready to deploy the technology in the next 2 years.
Article Topics
facial recognition | fingerprint | Gemalto | Giesecke & Devrient (G+D) | morpho | Oberthur Technologies | passports | research | travel and tourism
Gemalto, Morpho, Oberthur, G&D dominating e-passport market: research:
http://t.co/uBbH6HLs9h
Biometric Update… http://t.co/cECRR9A2OM
Gemalto, Morpho, Oberthur, G&D dominating e-passport market: research | http://t.co/e6ThkkRyTj http://t.co/Xw9JvuEPf3 #biometrics
Iritech, Inc. liked this on Facebook.
Gemalto, Morpho, Oberthur, G&D dominating #e-passport market: research | http://t.co/c2pspnVt1u http://t.co/fDB8fVoZGT #biometrics
RT @anacrouzz: Gemalto, Morpho, Oberthur, G&D dominating e-passport market: research | http://t.co/e6ThkkRyTj http://t.co/Xw9JvuEPf3 #biome…