Revenues from the international biometric industry, including law enforcement and large-scale public sector usage, are expected to reach $1.9 billion in 2005, from $729 million in 2003, according to a recent market report by the International Biometric Group.
Much of the growth will be attributable to PC/network access and e-commerce, although large-scale public sector deployments will continue to be an essential part of the industry, the report continued.
The report also predicts that by 2004, total emerging sector revenue, that is PC/network access, e-commerce and telephony, physical access and surveillance is expected to surpass mature sector revenue, criminal identification and citizen identification.
Trevor Punt, managing director of Biometrex 2003, due to take place 5-6 May 2003 at the Fairmont Hotel, Dubai, said, “The report is excellent news for biometric vendors in the United Arab Emirates (UAE) and the Middle East. Exhibitors who are participating in Biometrex are predicting that revenues attributable to PC/network access are expected to grow at a rapid pace over the next 24 months driven by the increased awareness of employee authentication and security problems.”
“New services that address a rapidly increasing biometric infrastructure comprised of finger-scan readers, telephones, signature tablets, and video cameras are expected to be developed as leading biometric companies face increased merger and acquisition possibilities, as well as competition from much larger technology firms entering the biometric market,” Punt added.
At present finger-scan continues to be the leading biometric technology in terms of market share, commanding nearly 50 percent of non-AFIS biometric revenue. Facial-scan, with 15.4 percent of the non-AFIS market, surpasses hand-scan, which had been second to finger-scan in terms of revenue generation.
Finger-scan and biometric middleware will emerge as two critical technologies for the desktop, together comprising approximately 40 percent of the biometric market by 2005. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
