RNCOS Releases a New Report- Global Biometric Forecast to 2012

Released on: September 2, 2008, 4:06 am

Press Release Author: Shushmul Maheshwari

Industry: Industrial

Press Release Summary: RNCOS has recently added a new Market Research Report titled,
“Global Biometric Forecast to 2012” to its report gallery. The report
thoroughly evaluates the global biometric market.

Press Release Body: 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, historical trend
analysis, linear regression analysis using software tools, judgmental forecasting,
and cause and effect analysis.

About RNCOS:

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/

Web Site: http://www.rncos.com

Contact Details: 29, 1st Floor, Patparganj Industrial Area, Delhi 92

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