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Research and Markets: Global Biometrics Market Revenues are Anticipated to Reach USD 20 Billion By 2018

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DUBLIN - March 14, 2014 (www.investorideas.com newswire) Research and Markets has announced the addition of the "Global Biometric Systems Market Forecast & Opportunities, 2018" report to their offering.

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Lack of data protection and old security practises such as photographs, passwords and PIN codes have driven the growth of biometric technologies in last few years. Security threats such as terrorist attacks, plane hijackings and increment in crime rates has brought a huge need for ultimate security system throughout the globe. Government projects which include e-Passports, Driving Licenses, Border Management, and National ID in many major countries like India, Mexico, and Russia etc. are driving the growth for biometric systems extraordinarily. Recently, China has also announced biometric National ID program which will start to commence in 2013. As more and more people and organizations depend on computers to store their important documents, there is an increasing need for security.

According to Global Biometric Systems Market Forecast & Opportunities, 2018, global biometrics market revenues are anticipated to reach USD 20 Billion by 2018. Increasing security requirements for public security i.e. border control management, national identity, e-passports, internet & network access and financial transactions are acting as growth driver for the industry. Presently, fingerprint recognition technology dominates the market. However, the vein recognition technology is gaining acceptance globally which is expected to grow rapidly in years to come. Regionally, North America & Europe together contributed 61% of the total revenues of global biometrics market in 2012. The global biometrics market has a huge growth potential due to increasing public acceptance.

Companies Mentioned:

  • 3M Cogent Inc.
  • AOptix Technologies Inc.
  • Cross Match Technologies Inc.
  • Fingerprint Cards AB
  • Fujitsu Ltd.
  • Hitachi Ltd.
  • IRIS ID Systems Inc.
  • Ingersoll Rand PLC
  • IrisGurad Inc.
  • LexisNexis Group Inc.
  • Morpho Safran Group
  • NEC Corp.
  • Nuance Communications Inc.
  • Precise Biometrics AB
  • RCG Holdings Ltd.
  • SecuGen Corp.
  • Smartmatic Int. Corp.
  • Suprema Inc.
  • Techsphere Co. Ltd.
  • ZK Technologies LLC

For more information visit http://www.researchandmarkets.com/research/g53fht/global_biometric

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contact:

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Sector: Biotechnology, IT Security.

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