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It is Estimated That With an Average Annual Growth Rate of 291 the...

Research and Markets (http://www.researchandmarkets.com/reports/c25396) has announced the addition of Opportunities in Biometric Application Market (2005-2007) to their offering.



There is an increased public awareness about biometric technologies since the 9/11 and London terrorist attacks incidents. The reason being, biometrics would very soon become an important integral part of security systems. Biometric technology would be used by governments and private enterprises all over the world to identify persons in high security areas to stop unauthorized access. Several government legislations have made mandatory, the deployment of biometric security solutions. In addition, industry conglomerates have laid emphasis on setting international biometric standards.



Governments and private enterprises have opted for a sanction of $1.2 billion spread over 2007 towards world biometric technology expenditure. As this technology becomes more advanced and skilled, prices will fall that will hurl the market uptake. It is also estimated that with an average annual growth rate of 29.1% the world biometric market would reach $3.4 billion by 2007. This will predominantly include finger scan technology (59.4%), facial and iris scanning (13%), keystroke (0.4%) and signature scans (2.7%).



The market research report covers all the above information dividing into regions of North America; Europe, Middle East and Africa; Asia Pacific and; Latin America. The report also gives data on different application segments like automotive, defense, financial services, homeland security, law enforcement, life sciences among others. The study gives an assessment of the common biometric types in use, in security systems, the strengths and weaknesses of the biometric applications and the factors determining on such investments.



For more information visit http://www.researchandmarkets.com/reports/c25396



Laura Wood

Senior Manager

Research and Markets

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