Frost & Sullivan report displays a promising biometric marketplace in Asia Pacific
19 January, 2011
category: Biometrics
Frost & Sullivan has released a report detailing the state of the market for video surveillance and contactless biometric solutions in the Asia Pacific region.
The report, titled Asia Pacific Profiles of Local Industry Participants: Physical Security, paints a promising picture of the marketplace for the technologies in region wherein many local companies have responded to growing needs by providing a complete range of the products and services necessary for deployment and implementation.
Some of the market drivers the report details include technological advances, reduction in prices in technology and a surge of national ID and other government programs calling for such technology.
The report also makes suggestions for how the marketplace can be further tapped such as addressing end-user privacy concerns due to other non-biometric options remaining a cheaper and less intrusive option.