News and insight into biometric identification and authentication

Report points to biometrics among top growth market

Wednesday, March 16, 2011

Research and Markets has released a report forecasting the global biometric market through 2012. The report points out that the biometric market place will continue to benefit, due to technological and performance developments, wide spread adoption and acceptance, standards development and is expected to continue its growth through to 2013 at a compound annual growth rate of 23%.


Among some of the specific drivers mentioned in the report are various government programs designed to benefit either national defense programs or identity card programs as well as an increase in commercial adoption in cases such as remote transactions and e-commerce.

Additionally, the report explains that facial recognition, fingerprint, iris recognition and automated fingerprint identification systems are leading the way in terms of biometric modes with high acceptance rates and, subsequently, making up 80% of the marketplace. [end] 

Vision-Box, a biometrics solutions provider, has come out with an automatic border control e-gate that supports multimodal biometric authentication.

This new e-gate is a thin system that contains vb i-match, a single sourced design that is modular and flexible and can be adapted to business requirements and infrastructure constraints that would otherwise disrupt passenger flow. It has the ability to cope with industry standards such as ICAO. The e-gate supports iris, fingerprint and facial biometrics.

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Sensor supplier Fingerprint Cards AB (FPC) has extended its partnership with Chinese biometrics provider Miaxis Biometrics Co. LTD to deliver biometrics products to the Chinese banking sector.

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Market research firm RNCOS has released a report called “The Biometric Market Forecast to 2014,” which predicts double-digit growth for the sector by 2014.

As reported on AZOSensors.com, RNCOS believes the market will grow by a 21% compound annual growth rate from 2012 to 2014. Companies’ efforts to combat identity theft and enhance corporate security will drive this growth.

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Reportlinker.com has added a new report by Frost and Sullivan to its catalog that examines the global health care biometrics market. Called “Strategic Analysis of the Global Healthcare Biometrics Market,” this study looks at the technology around all types of biometric capture, including fingerprint, face, iris, hand and voice.

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