Announcements and actions taken by various biometric technology developers have suggested to those watching the biometric marketplace that the projected growth in that market could be driven by government spending, according to a Washington Post article.
Among the various actions include developer MaxID’s announced move of their headquarters from California to Virginia and 3M’s announcement of planning to buy biometric developer Cogent, who also has offices near Washington.
Further, companies like MaxID do develop solutions for the commercial market, officials such as MaxID’s President Brian Skiba expect government sales to comprise roughly 75% of its revenue.
Despite the expected success in working with both the U.S. government as well as other governments around the world some analysts are still casting doubt as to whether or not the biometric market and other similar identity management technologies will grow as much as the projections are pointing to.
While many still agree that the marketplace for biometrics is likely to continue to grow, one of the bigger points of contention is that some are arguing that the growth will not be in U.S. but more likely in Central and South America, the Middle East, Eastern Europe and Asia.
Despite this, both the biometric companies and analysts are looking at government spending driving the marketplace in the short term with no real expectation for private industry to push growth very soon.
Read the full story here.