MarketsandMarkets: Global Next Generation Biometric Technologies Market worth $13.89 Billion by 2017

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MarketsandMarkets: Global Next Generation

Biometric Technologies Market worth $13.89

Billion by 2017

PR Newswire

DALLAS, June 20, 2012

DALLAS

,

June 20, 2012

/PRNewswire/ --

According to a new market research report

"Next Generation Biometric

Technologies Market - Global Forecast & Analysis (2012 - 2017)"

published by MarketsandMarkets (http://www.marketsandmarkets.com), the

total biometric technologies market is expected to reach

$13.89 billion

by 2017,

at a CAGR of 18.7%.

Browse 148 tables spread through 315 pages and in-depth TOC

on "Next Generation Biometric Technologies Market -Global Forecast

& Analysis (2012 -2017)".

http://www.marketsandmarkets.com/Market-Reports/next-generation-

biometric-technologies-market-697.html

Early buyers will receive 10% customization on reports.

"Biometric" implies the identification or authentication of humans by their traits

such as face, fingerprint, voice, iris, palm, DNA, and signature. Biometric

authentication has become the most important part of security due to increase

in unauthorized immigration, visa frauds, border intrusion, etc. It has

increasingly getting deployed at all the security checkpoints of airports,

stations, commercial complex, retail malls, etc. Biometric technology provides

accurate authentication and negligible margin of duplicity or error.

The 2002 film Minority Report features extensive use of casual Iris/Retina

scanning techniques for both personal Identification and Point Of Sale

transaction purposes. The main character changes his official Identity by having

his eyes transplanted, and later accesses a security system using one of the

removed eyes.

The movie Gattaca portrays a society wherein there are two classes of people:

those genetically engineered to be superior (termed "Valid") and the inferior

natural humans ("Invalid"). People considered "Valid" have greater privileges,

and access to areas restricted to such persons is controlled by automated

biometric scanners similar in appearance to fingerprint scanners, but which

prick the finger and sample DNA from the resulting blood droplet.

This report describes the various types of biometric technology such as face

recognition, fingerprint recognition, iris recognition, voice recognition, signature

recognition, vein recognition and DNA recognition that are being used for

different applications. Out of all the above types, face recognition, fingerprint

recognition and iris recognition are commonly used in most of the applications.

Fingerprint recognition is the oldest type of biometric authentication and can be

seen at banks, ATMs and various government offices.

The

next generation biometric technologies market

report also throws

light on the various application areas of biometric technology such as

government, banking and finance, travel and immigration, defense, consumer

electronics, home security, commercial security, and healthcare. Biometric

technology is slowly spreading across all the industries wherever security is of

the prime concern. Biometric technology is largely deployed in the application

areas like government, travel and immigration, banking and finance, and

defense. Government applications cover voting, personal ID, license, building

access, etc.; whereas travel and immigration use biometric authentication for

border access control, immigration, detection of explosives at the airports, etc.

Banking and finance sector use biometric authentication for account access,

ATM security, etc.

Global biometric technology-type and applications market is expected to reach

$13.89 billion

by 2017, at an estimated CAGR of 18.7%.

North America

is the

biometric technology market; followed by

Europe

and APAC. In ROW,

Middle

East

and

Africa

are the largest contributors.

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