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Noida, Uttar Pradesh, India, 2010/08/11 - The MEA biometric market is anticipated to grow at a CAGR of around 32% by 2013, says a new research report from RNCOS.
The Middle East and African (MEA) region is emerging as one of the most attractive destinations for biometric investments on the back of technological developments. The region is witnessing interest in the use of biometrics for e-gate/registered traveler programs expediting the secure movement of pre-registered travelers through border points. Consequently, the MEA biometric market region is anticipated to grow at a CAGR of more than 32% during 2011-2013, says our new research report “Global Biometric Forecast to 2012”.
Our research carefully identifies the factors propelling growth in the MEA biometrics industry. Various factors such as surging demand for the latest technology for verifying the identity of individuals at corporate and government sites as well as at airports have been responsible for the good performance of the industry. Further, it has been found that many countries of Central and South African region are initiating programs to issue e-passports to individuals. Besides, the increasing demand for e-banking services will push the biometrics industry in the region.
Most importantly, our team of experts has done a comprehensive research on the global biometrics market and segmented it on the basis of region, technology and applications. On the technological front, various technologies covered in the report are Fingerprint Recognition, Facial Recognition, Iris Recognition, AFIS and Middleware. Apart from this, contribution of various market verticals such as law enforcement, government sector, financial to the booming biometric market has been discussed in the report. Among the market verticals, the potential growth areas such as financial and healthcare sector have been identified in the report.
To better gauge the future success of the biometric market, “Global Biometric Forecast to 2012” provides forecast for all biometric technologies, applications and market verticals. Our report discusses the competitive landscape which constitutes the business overview and recent developments of the key players.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.