Frost & Sullivan: security concerns driving biometrics
22 December, 2010
category: Biometrics, Government
Frost & Sullivan has released a new analysis called the Indian Biometric Market that estimates roughly ten times growth of the biometric market in the region by 2015.
Among the report’s reasoning is the major increase in needs for securing people, assets, information and facilities which results in an increase in biometric access control solutions, as well as an increase in large-scale government ID and security programs that utilize biometric technology.
Another driving force the report points out is that due to India’s rising economy, the need for businesses to better secure their facilities and data has risen and such security technology is frequently being bundled with biometric time and attendance trackers for employee management leading to a more widespread acceptance of the technology.
Despite this, the report also touches on factors acting as hindrances to further development of the market in India including low awareness, lack of standards, inadequate expertise, lack of investments and lack of domestically developed biometric technology.