There is an increased public awareness about biometric technologies since the 9/11 and London terrorist attacks incidents.
The reason being, biometrics would very soon become an important integral part of security systems.
Biometric technology would be used by governments and private enterprises all over the world to identify persons in high security areas to stop unauthorized access.
Several government legislations have made mandatory, the deployment of biometric security solutions.
In addition, industry conglomerates have laid emphasis on setting international biometric standards.RNCOS, a market research organization has published a market research report called “Biometrics: Opportunities and Market Trends (2005)” to give an elaborate yet comprehensive an influential analysis of biometric technologies and biometric applications in the world biometric market.
The market research report gives discerning data and authentic guidance to biometric technology deployers, investors, developers and researchers.
Governments and private enterprises have opted for a sanction of $1.2 billion spread over 2007 towards world biometric technology expenditure.
As this technology becomes more advanced and skilled, prices will fall that will hurl the market uptake.
It is also estimated that with an average annual growth rate of 29.1% the world biometric market would reach $3.4 billion by 2007.
This will predominantly include finger scan technology (59.4%), facial and iris scanning (13%), keystroke (0.4%) and signature scans (2.7%).The market research report covers all the above information dividing into regions of North America; Europe, Middle East and Africa; Asia Pacific and; Latin America.
The report also gives data on different application segments like automotive, defense, financial services, homeland security, law enforcement, life sciences among others.
The study gives an assessment of the common biometric types in use, in security systems, the strengths and weaknesses of the biometric applications and the factors determining on such investments.REPORT HIGHLIGHTS: A detailed overview of advances in various biometrics technologies across the world.
Biometrics Markets by product type, by application type and by industry type.
Global and regional operations and the nature and management of risks in international biometric standards.
Reporting on technology opportunities, drivers as well as obstacles to commercialization.
Social and economic aspects of global biometrics market.
Provide other equipment manufacturers, value added resellers, systems integrators, and so on, with information about key suppliers and vendors, state-of-the-art and leading edge technologies and, potential business opportunities.
Discussion of major vendors, their operations and strategies in the ‘Company Profiles’ section.REPORT FEATURES:Moving chapter wise, chapter 2 gives an overview of biometric technology, chapter 3 gives the regulatory and standards environment like BioAPI consortium and ISO/IEC JTC1/ SC37.
Chapter 4 gives an industry analysis of the world biometric market such as market share, market revenue and, sales of biometric software and hardware.
Chapter 5, 6, 7, 8, and 9 gives the social and economic aspects of biometric technology; market drivers of the biometric industry; scenario on future biometrics; opportunities and vulnerabilities for biometric system; news and press coverage respectively.
At the end, Chapter 10 gives the company profile of key players.