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.Frost & Sullivan publicized their report on Wednesday
Related:
ABI Research via TMC.net: The market for smart cards, secure ICs, inlays, (biometric) data capture, card personalization, printing and issuance in government, healthcare, and citizen ID will reach a cumulative value of $72 billion by 2016.
Research & Markets: Biometric Market Forecast to 2014 (Research & Markets)
According to “Biometric Market Forecast to 2014”, the biometric technologies are being widely accepted and adopted in various civil and commercial applications, including Point of Sale, ATMs, and border security (passports and customer ID). Companies are coming up with automated biometric software or systems which help reduce costs and offer enhanced intelligence with automated features.
