Governments and law enforcement agencies are adopting numerous long term e-passport and national identity card programs, which is fuelling growth in the biometric market.
The US, and European nations including the UK, Germany, France, were early adopters of biometric recognition systems; however, the technology has now found a strong foothold in emerging markets such as China, India, Australia, Brazil, Saudi Arabia, and Mexico.
Though a major portion of the biometrics market consists of fingerprint recognition and facial recognition technologies, other technologies, such as iris recognition, voice recognition, and vein recognition are also rapidly gaining importance with governments.
The Global Government Biometrics Market 2017-2027 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for biometrics, key market trends, and challenges faced by industry participants.
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– The Global Government Biometric market will value US$4.3 billion by the end of 2017 and is expected to register a CAGR of 6.37%, to reach US$7.9 billion in 2027.
– In terms of segments, the fingerprint recognition segment is expected to account for 36.4% of the market owing to its large scale implementation in various government projects across the globe. Fingerprint recognition segment is followed by the facial recognition segment, with a share of 31.0%. Iris/retinal identification, signature recognition, and other technologies account for 14.7%, 10.8%, and 7.0% of the total market share respectively
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In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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