$3 Billion in 2008 will soar to $7.3 Billion by 2013

LONDON, – Broad interest and investment in an array of biometrics technologies around the world will drive spending to $7.3 billion by 2013, up from around $3 billion in 2008.

Interest in biometrics was kick-started by the new wave of terrorism in the early years of this decade, but it has taken time to lead into sales and adoption. In the meantime, the biometrics vendors and the system integrators that have led the way in biometrics deployments have worked hard to prove the value and efficiency of the technology as well as to enable multi-technology, multi-vendor capabilities.

“Over the next five years the effort to create standards for biometrics technologies will be rewarded with a significant growth in biometrics system adoption,” says Jonathan Collins, principal analyst at ABI Research.

Growth will be driven by increased emphasis on security in both the public and private sectors but it will be underpinned by a raft of technology standards that have enabled more interoperable systems to emerge.

Face, iris, hand, and speech recognition systems have emerged and are being adopted independently and alongside fingerprints, which will continue be the dominant biometric measurement for some time to come. Nevertheless, it will be increasingly essential for organizations and companies, as they secure their facilities, equipment, and data, to understand the potential of each of these technologies as well as the potential to combine them to drive system efficiency and reliability.

There is also an emerging interest in biometrics as means toward greater convenience, simplicity, and speed in the transactions of daily life. Biometrics is being offered in laptops and mobile phones – to secure but also speed and simplify log-in – while “registered traveler” applications are emerging to speed passengers through airports.
Biometrics will increasingly move from being the traditional preserve of large-scale public sector systems to adoption in small-scale private sector and even personal systems use.

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“Biometrics”(http://www.abiresearch.com/products/market_research/biometrics) examines the technologies used to collect and manage biometric data, and their applications. It also covers international and industry standards, key vendors, and deployments within the biometrics market. Global forecasts span 2007-2013. It forms part of two ABI Research Services: Emerging Technologies (http://www.abiresearch.com/products/service/Emerging_Technologies_Res earch_Service)

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ABI Research is a leading market research firm focused on the impact of emerging technologies on global consumer and business markets. Utilizing a unique blend of market intelligence, primary research, and expert assessment from its worldwide team of industry analysts, ABI Research assists hundreds of clients each year with their strategic growth initiatives.

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SOURCE: ABI Research
ABI Research
Nicole Fabris, +1-516-624-2542
pr@abiresearch.com