View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 10, 2015

Terrorism threat drives growth in biometrics market

Biometrics market to unlock $13.5m in global revenues this year.

By Amy-Jo Crowley

The biometrics market is expected to unlock $13.5m in global revenues this year, driven by increased security demands of government entities in Europe and the US.

Research from ABI Research said government spending on biometric recognition technology is increasing worldwide and will continue to do so up until late 2016 or early 2017.

The research firm put the growth down to growing terrorist threats in the EU and United States, as governments intensify their security measures.

However, the report predicted that consumer and enterprise spending would catch up with governments in late 2017, exceeding $8m in total revenues by 2018.

The growth would be driven by enterprises looking to add biometrics into their wearables and smartphone devices.

Tech giants like Apple and Samsung are leaders for their use of modality biometric systems in mobile devices, the report said, while 3M Cogent, MorphoTrak, and NEC Corporation are leading the biometrics space altogether.

The report also pointed to fingerprint recognition technology as the most commonly used, albeit not the most accurate, biometric recognition technology.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

This is partly due to the existing infrastructure that can support AFIS and non AFIS technology, as users gradually accept the use of fingerprint technology to identify themselves.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.