Demand from Financial Sector to Drive Global Biometrics Market

With financial sector looking upon biometrics as a way to curb fraud, global biometrics market is set to witness a CAGR of around 18% through 2012.

Online PR News – 11-June-2010 – – Financial sector has been emerging as a potential adopter in the global biometric market. With the help of biometrics, this sector is aiming to offer customers an easy and more convenient authentication alternative to cards and PINs for transactions like ATM withdrawals. As per our report “Global Biometric Forecast to 2012” North America and Europe dominated the global biometric market in 2009. This region will account for combined share of 62% in coming years. By 2012, on the back of several initiatives and biometric programs, Asia-Pacific and Middle East & Africa will emerge as growing regions for the biometrics market.

The report provides in-depth information on various biometric technologies and their rising applications in different areas. Various technologies that are covered in the report include Fingerprint, Facial, Iris, Hand, Voice and AFIS recognition. Application areas of biometrics vary from Criminal Identification to Access Control, all of which have been analyzed in the report. In order to provide better understanding of the global biometrics market, we have segmented the market into different regions like North America, Asia-Pacific, Europe, Middle East and Africa and South America.

Besides this, we have done extensive research and analysis to identify the key growth factors and the industry restraints. Working of biometric system has also been explained in the report to make clients familiar with the functional aspect of the system. Also, initiatives taken at country level to enhance security mechanism in retail, healthcare and transportation sectors have been detailed in the report.

“Global Biometric Forecast to 2012” comprises quality research and in-depth analysis of the global biometrics market. It studies the emerging market trends, recent developments and their impact on the market. The report will help clients to analyze the leading-edge opportunities; prospective customer base expected future outlook, biometric standards and all the other factors, which are critical to the success of a new entrant in the biometrics market.

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