The global government biometrics market is expected to be worth $6.9 billion by 2024, almost doubling from the $3.6 billion in 2014, according to report from MarketResearchReports.com.
E-passport and national identity card programs underway in various countries are driving government spending on biometrics. The U.S. and European nations including the UK, Germany, France and other smaller European nations were the early adopters of biometric technology for various purposes including border control, airport security, identity security and law enforcement.
E-Passports and national identity cards equipped with electronic chips carrying biometric data, form the major basis for all the aforementioned applications. With increasing popularity, countries in Asia Pacific and Latin America are adopting biometric passports and electronic identity cards.
These national identity and biometric passport issuance programs involve investment and require long durations to be completed. For example, India has recently launched its Unique Identity (UID) program in order to provide every citizen with an identity card that includes biometric data including fingerprints, digital signatures and digitized photographs. This program is deemed to be the largest of its kind in the world till date and is anticipated to substantially improve and streamline the process of government services’ delivery to the Indian citizens.
Other factors influencing market demand include increasing demand for e-Governance services worldwide, increasing reliance on digital transactions and the availability of low-cost effective biometric systems.
North America is expected to dominate the biometrics market, closely followed by Europe and Asia. Despite Europe’s continuing economic woes, the region’s share of the global market is predicted to increase over the projected period.
In terms of technology, fingerprint identification is expected to account for 43% of the biometrics market. With a share of 26%, facial recognition comes second and iris identification is third with 13.2%.
The Global Biometric Systems Market 2014-2024 provides analysis of the current industry size and growth expectations from 2014 to 2024, including highlights of key growth stimulators. It also benchmarks the industry against global markets and provides details of emerging opportunities in specific areas.