Safety Concerns to Propel Global Biometrics Technology Market – Increasing Security Threats in Developed Regions to Boost Demand for Biometrics Technology
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...