NewswireTODAY - /newswire/ -
Noida, Uttar Pradesh, India, 2012/03/23 - Growing security concerns, varying from individual identity theft to corporate and national safety, are driving the biometric market across the globe, says a recent study by RNCOS - RNCOS.com.
Biometric, one of the world’s fastest growing technologies, has revolutionized business security landscape at offices. Across the globe, government organizations as well as financial and educational institutions are benefiting from its applications. The technology uniquely identifies a person’s physical and behavioral characteristics, and worldwide, governments are adopting biometric to strengthen their national security and maintain individual identity. According to a recent report by RNCOS, the corporate security and identity theft are also fueling growth in the global biometric market, which is anticipated to grow at a CAGR of around 21% during 2012-2014.
Research Analysis & Highlights
The report,“Biometric Market Forecast to 2014”, which is spread over 160 pages, covers various biometric technologies, and includes their working pattern and recent developments relating to them. The study identified that AFIS recognition currently dominates the global biometric technology market, and other tools are also gaining ground. Emerging technologies, like Gait and ear shape recognition, and keystroke dynamics, among others have also been discussed in the report along with their advantages. It was found that companies are looking for such software products which reduce time spent on integration, and biometric authentication in multi-layer security architecture would be the next big thing in network security. Such trends and drivers, which are influencing the market growth, have been elaborated in the comprehensive research report. It also includes the major biometrics initiatives being undertaken by various countries, and analysis and statistics regarding market size, growth, and segmentation, among others.
Some of the key findings of the report are:
- AFIS technology dominates the global biometric market.
- Innovative applications are driving the market.
- Asia-Pacific will dominate the market by 2014.
- Biometric authentication is the future of network security.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.