Reportlinker.com has updated its catalog to include a new report entitled “Global Biometrics Market Forecast and Opportunities, 2017.” The report forecasts this market to reach $10.02 billion by 2014.
The report covers some of the drivers in this industry, including limitations of other identification methods and terrorist attacks that have increased the need for better security systems. Biometrics is viewed as a safer option when implementing logical access control applications.
Industry growth is anticipated to come from sources such as border control, national identity schemes, Internet and network access and financial transactions.
Fingerprint technology is currently the most popular biometric application, but vein recognition technology is gaining acceptance within the market. Regionally, North America and Europe lead the share of revenues, with a combined 62.46% of the market.
The report includes analysis of the market and biometric technologies, as well as a look at the main players in the industry. It examines market trends and developments and how they will contribute to the growth of the industry. The report is currently available for purchase.