|
RNCOS Releases a New Report- Global Biometric Forecast to 2012
RNCOS has recently added a new Market Research Report titled, "Global
Biometric Forecast to 2012" to its report gallery. According to the
report, biometrics is seeing rapid adoption in public and private
sectors worldwide as an accurate, reliable and cost-saving way to offer
better and advanced security surveillance. Over the past few years, the
biometric technology has developed from a new technology used in a
narrow band of closed environment applications to a useful, practical,
fit-for-purpose tool used across a range of industries and in a wide
variety of applications. Along with the governments across the world, a
growing number of financial services firms are also considering the use
of biometric technology strongly as a more efficient and secure method
of identifying its potential customers, according to latest RNCOS
report.
This analytical research thoroughly evaluates the global biometric
market. It briefly discusses about the current and future scenario of
biometric market across various regions, underlining the future
potential areas and key issues crucial for the market development.
The report offers extensive research on various biometric technologies,
acknowledging some of their widely used applications and contextualizing
the role of biometrics as an important part of security suite available
to government and private industry. It also highlights some of the
countries undertaking major biometrics initiatives across the world.
For the purpose of this report, the global biometric market is defined
as the aggregate biometric markets of North America, Asia-Pacific,
Europe, Middle East & Africa, and South America.
Key Research Highlights
- Propelled by several regulatory compliances and mandates, the global
biometric market is expected to grow at a CAGR of more than 20% through
2012.
- Biometric technologies like facial recognition, fingerprint, AFIS and
iris are anticipated to account for more than 80% of the global
biometric market by 2012.
- Iris recognition technology is projected to grow at a CAGR of nearly
36% from 2008 to 2012 followed by hand geometry, voice recognition and
face recognition.
- Financial and healthcare sectors are likely to emerge as the major
technology consumers over the forecast period with future CAGR pegged at
around 45% and over 31% respectively.
- North America and Asia-Pacific together are expected to account for
nearly 55% of the global biometric market by 2012.
- The global biometric market offers huge scope for devices/peripheral
manufacturers and software developers to offer better quality services
at affordable price in order to serve mass market.
The Report Answers
- What is the current status of global biometric market?
- Which factors are driving the global biometric market?
- What is the current scenario of various biometric technologies and how
these technologies will perform in future?
- What are the potential biometric applications and what is their future
outlook?
- Which vertical segment will have the highest growth potential in near
future?
- What is the region-wise scenario of biometric market?
- How is the future outlook of biometric market across various regions?
- What are the areas of opportunities for the market?
Research Methodology Used in the Report
Information Sources
Information has been sourced from various credible sources like books,
newspapers, trade journals, white papers, industry portals, government
agencies, trade associations, monitoring industry news and developments,
and through access to over 3000 paid databases.
Analysis Method
The analysis methods used in this report include ratio analysis, his
torical trend analysis, linear regression analysis using software tools,
judgmental forecasting, and cause and effect analysis.
About RNCOS E-Services Pvt Ltd.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
For more information visit:
http://www.rncos.com/Report/IM140.htm
Current Industry News:
http://www.rncos.com/blog
Would you like to see your news and articles here? GO>>
Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com®, or any of the industry sector portals . At the time of publication, writers may hold positions in the stocks or companies mentioned.
Investorideas.com® or any of the industry sector portals cannot assure accuracy of the research presented. Investors are encouraged to research and verify facts and under no circumstances is Investorideas.com® endorsing the content as a recommendation to buy or sell stock.
|
