Market research firm Research and Markets has released a number of new reports on the global government biometric systems market. The reports cover the forecast period of 2015-2025.
One of the new reports focuses on specific countries seeing growth over the next decade, offering insights for each and providing the opportunity for some interesting comparisons. For example, in countries like the US and the Russia, fingerprint scanning will be the dominant modality, whereas the UK and Australia will focus on facial recognition systems. The report also pinpoints specific growth predictions, as in the case of the Chinese facial recognition market, which is expected to grow at a rate of 13.24 percent CAGR over the next decade.
Another report looks at The Major Programs – large-scale government initiatives being undertaken in specific countries. Examples here include America’s e-passport and US VISIT programs, Brazil’s RIC (Registro de Identidade Civil) Program, and India’s Unique Identification (Number) Authority of India (UIDAI) Project.
Research and Markets’ Market Size and Drivers report, meanwhile, provides an overall analysis of the dominant trends, both on a global scale and broken down by region. It predicts a CAGR of 8.7 percent for the global biometrics market over the forecast period, with an overall starting valuation of $4.4 billion USD this year, and a value of $10.2 million by 2025.
Finally, the firm also offers a report on the business landscape of the biometrics market, with insights on current partnerships and alliances, detailed profiles of vendors, and some financial analysis as well. Research and Markets says it’s a highly competitive industry, so these kinds of insights could prove valuable to any number of business entities involved.
May 7, 2015 – by Alex Perala