SOURCE: Frost & Sullivan

Frost & Sullivan

March 24, 2011 13:09 ET

Frost & Sullivan Projects Success Within Government Applications to Open Opportunities for Widespread Adoption of Biometrics Globally

MOUNTAIN VIEW, CA--(Marketwire - March 24, 2011) -  Although biometrics face numerous privacy issues, successful large-scale government adoptions have helped the technology emerge as among the most viable means to counter identity related issues. Its reliability, coupled with further decline in prices, is poised to open up rewarding market opportunities for biometrics vendors.

New analysis from Frost & Sullivan (http://www.autoid.frost.com), World Biometrics Market, finds that the market earned revenues of $1.2 billion in 2009 and estimates this to reach $5.3 billion by 2016. The following market sectors are covered in this research: civil and criminal biometrics. Government/law enforcement, physical access control, logical access control, consumer electronics and transactional authentication are the application sectors covered.

If you are interested in a virtual brochure for this study, please send an e-mail to Sarah Saatzer, Corporate Communications, at sarah.saatzer@frost.com, with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.

"Performance improvements and growing integration with other sensor technologies are set to increase awareness and position biometrics as reliable systems," notes Frost & Sullivan Industry Analyst Archana Rao. "Biometrics vendors have made great strides towards minimizing false acceptance and rejection rates, thereby eliminating costly mistakes resulting from false identification."

To further increase reliability, vendors have integrated multiple biometric technologies in their systems, thereby offering a layered approach to security.

Governments worldwide are clear forerunners in regulating, implementing and benefitting from the adoption of biometrics to tackle the growing identity and immigration issues. Following the successes of such large-scale installations, biometrics is making its way into more regulated industries such as healthcare, finance and transport applications.

Although more resilient, a weak economic climate in 2009, combined with budget freeze and longer sales cycle, resulted in end users postponing investment decisions. Moreover, end users have been sceptical about making investment commitments due to high associated costs and the perceived intrusive nature of biometrics.

The potential dangers of a compromised biometrics, strong cultural and political influences and low awareness about its benefits have made end users adopt a wait-and-watch approach towards biometrics.

"Educating end users on the benefits outweighing the costs and overcoming the perception of the technology being intrusive is crucial for success in this market," concludes Rao. "Further technological advancements enabling people to retain their biometric template could prove effective in addressing privacy issues."

World Biometrics Market is part of the Automatic Identification & Security Growth Partnership Services program, which also includes research in the following markets: Opportunities in the World Mobile Video Surveillance Market, Analysis of Video Analytics Applications in the EMEA Market, European Video Surveillance Cameras Market and European Security Convergence Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

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World Biometrics Market
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