Monday, February 29, 2016

Forecast: Global Biometrics Market in Hospitality Sector 2016-2020

Market outlook of the biometrics market in the hospitality sector (Research and Markets)
The market research analyst predicts the global biometrics market in the hospitality sector to grow at a CAGR of around 27% during the forecast period. With the increase in cases of time theft, data theft, and other criminal activities in the hospitality sector, the demand for security technologies including a highly reliable and accessible personal authentication and identification systems has increased. Biometrics has emerged as a suitable security and monitoring solution to meet this need as it is based on the behavioral and physiological characteristics of an individual, which is difficult to replicate. Biometrics in the hospitality sector is seen as the most accurate and reliable system because it eliminates manual inputs, identity card exchange, and time theft.

Biometrics for better government finances

Nigeria saves $11 million after removing 20,000 ‘ghost workers’ (Hindustan Times)
Nigeria’s government has removed more than 20,000 non-existent workers from its payroll following an audit, leading to savings of 2.29 billion naira ($11.53 million) from its monthly wage bill, the Finance Ministry said on Sunday.
The audit used biometric data and a bank verification number (BVN) to identify holders of bank accounts into which salaries were being paid.
The proof is in the fingerprint: how biometrics are proving security doubters wrong (memeburn)
Biometrics is not the uncharted Wild West or the strange cousin who lives next door, it is one of the fastest growing markets in the world because it works. It is also predicted to be worth around US$23.3 billion by 2019 with a CAGR of 20.8%. This is one market which is on a steady trajectory thanks to its potential and its ability to reduce fraud and data theft by significant amounts. The proof as they say, is not so much in the pudding as it is in the fingerprint…