Revelation 13:18 NASB

Revelation 13:18 NASB

Saturday, October 23, 2010

Signature verification to be fastest growing segment of global biometrics market

The demand for biometrics solutions is driven principally by the need to prevent crime and terrorism. An increasing wave of legislation being introduced currently will be a central factor in the continued demand for biometrics products. In terms of market trends, the application of biometrics within the public sector represents over half of the global biometrics market. The specific biometric applications applied to the public sector include border control, national identity cards and identity verification within government. New government initiatives and programmes for biometrics stalled during the recession; however specific projects are showing signs of growing demand.

Biometrics is growing in importance in security applications in airports and other transit locations. The e-passport projects for the US Visa waiver countries, EURODAC, Visa Information System (VIS), and the new generation Schengen Information System (SIS II) are other major drivers that are expected to encourage biometrics usage. In addition, the large increase in the number of Visa requests for Europe underlines the importance of biometrics in identity verification.

The US is the largest biometrics market globally, with Europe and Asia following behind. The US and Europe together account for over 60% of the global market, although the Asia Pacific and South American markets are expected to be larger than other world markets by 2015. The largest segment within the global biometrics market is the Non-AFIS / Finger Scan. Of the other segments, signature verification is expected to expand at the fastest rate through to 2015. Leading companies in the market include 3M-AiT, Ltd, AuthenTec, Inc., BIO-key International, Inc., Biometric Security Limited, Cogent Systems Inc., Sagem Sécurité, Printrak International, Inc, Siemens Biometrics Center and Fujitsu Microelectronics America Inc.

No comments: