Market research firm RNCOS has released a report called “The Biometric Market Forecast to 2014,” which predicts double-digit growth for the sector by 2014.
As reported on AZOSensors.com, RNCOS believes the market will grow by a 21% compound annual growth rate from 2012 to 2014. Companies’ efforts to combat identity theft and enhance corporate security will drive this growth.
The report covers global regions, applications and verticals. The Asia-Pacific region is expected to fuel the growth in the geographic market. Industries such as retail, financial services and e-commerce are expected to be the heavy customers of biometric technological services.
Popular applications include the industry-leading fingerprint recognition capability. Other biometric recognition tracking techniques are emerging, such as ear shape, facial thermograph, keystroke dynamics, heart pattern and gait.
The report is available through Research and Markets. Read more here.