Biometrics Technology Market: Growing Safety Concerns to Propel Global Biometrics Technology Market to US$23.3 bn by 2019
The global biometrics technology market is progressing at a CAGR of 20.80% within a forecast period from 2013 to 2019. This growth spurt is likely to boost the market to US$23.3 bn by 2019, according to a research report released by Transparency Market Research. The report, titled “Biometrics Technology Market – Global Industry Analysis Size Share Growth Trends and Forecast 2013 – 2019”, is available on the company website. The key driver of the global biometrics technology market, as stated in the report, is the growing level of concern over national and personal security. Developed economies have already adopted preventive measures – including the use of biometrics – to combat the rising wave of terrorism and crime. The global biometrics technology market provides a major advantage over other security measures; it uses permanent and universal identification methods. This includes human DNA, fingerprints, facial recognition, iris details, and even typing rhythms. The global...