For instance, voice biometrics is becoming increasingly popular in a number of projects in the banking and healthcare verticals and is expected to soon become the key mode of client identification.
New analysis from Frost & Sullivan (autoid.frost.com), Asia Pacific Profiles of Local Industry Participants: Physical Security, finds that the market has been promising for biometrics and video surveillance with many of the local vendors providing a complete range of services for these two technologies.
"Following the spurt in demand, numerous local vendors in the region have started to diversify their product portfolio and provide more custom-made solutions," says Frost & Sullivan Industry Analyst Navin Rajendra.
To tap the vast Asia Pacific market further, participants have to address users' privacy concerns regarding auto identification. With the availability of cheaper alternatives such as swipe cards and keypad entry, many would rather wait till the prices of biometric systems drop before investing in the technology.
However, smaller form factors and technological advances that have indeed lowered the costs of the devices have resulted in numerous biometric and video surveillance devices being used for niche applications.
"Moreover, the enforcement of numerous national ID programs and security mandates across the region has made it imperative to implement the latest and most secure auto identification technologies that also have a demonstrable ROI," notes Rajendra. "Countries such as Singapore, Taiwan, and Japan are already leading the way in terms of mass surveillance and access control management through biometrics and video surveillance."
If you are interested in more information on this study, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.
Asia Pacific Profiles of Local Industry Participants: Physical Security is part of the Automatic Identification & Security Growth Partnership Services program, which also includes research in the following markets: Peering into Asia Pacific RFID Post Crisis and the Physical Security Market in Asia Pacific – Better Positioned to Face the Economic Downturn. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
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Asia Pacific Profiles of Local Industry Participants: Physical Security / P3E7.