DUBLIN - July 30, 2014 (www.investorideas.com newswire) Research and Markets has announced the addition of the "Biometrics Market in Latin America 2014-2018" report to their offering.
Biometrics measure and analyze biological data. These systems capture biological traits such as fingerprints, facial patterns, irises, eye retinas, voice patterns, and hand measurements from the subject and compare the data with one or more stored templates. The main purpose of a biometrics system is to identify and verify the identity of a person.
In this regard, the system can be either an identification or a verification system. In an identification system, a person's identity can be determined even without the consent of the person. These systems are more often used in surveillance applications. In a verification system, biometrics verifies the person's identity. These systems are used in access control applications.
The analysts forecast the Biometrics market in Latin America will grow at a CAGR of 23.7 percent over the period 2013-2018.
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