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World Biometric Technologies Markets
Frost & Sullivan, Aug 2001
Government Initiatives Spur Growth of Biometric Technologies
Governments around the world are responding to consumer concerns about the confidentiality of personal information that is stored or transmitted by businesses. By enacting strict privacy legislation, such as laws that guarantee confidentiality of health insurance records, governments intend to hold companies accountable for all personal information they retain. As demand for privacy safeguards grows, markets for biometric technologies, which can offer high levels of protection against increasing fraud and identity theft, should show impressive gains.
This Frost and Sullivan study examines the potential markets for major biometric technologies, including finger, hand, voice, face, signature, iris and retina recognition. It highlights industry trends and presents expert forecasts for each market by application and geographic region. This research, which focuses on the commercial biometrics market, excluding Automated
Fingerprint Identification Systems (AFIS), offers users an in-depth guide to the future of this emerging field.
Lower Prices Attract New Customers to Biometrics
Recent technological advances have resulted in better products and significant price declines, says the author of this study. Fingerprint scanners, for example, can now be purchased for as little as $100 per unit. Until recently, biometric devices were bulky and cost thousands of dollars. As prices drop below the $100 mark, they will become more affordable for a greater number of users, including small businesses.
Escalating competition will force biometric equipment manufacturers to keep prices low by optimizing their own productivity. Over the long term, increasing sales should help firms maintain low prices without cutting into profits. This research tracks technology and pricing trends, helping your company anticipate and capitalize on new opportunities.
New Standards Could Eliminate a Key Obstacle to Industry Growth
The biometrics industry, once plagued with interoperability issues, has agreed on a common platform, says the author. Previously, biometric products relied on proprietary methods to store and exchange data, locking users into one particular technology. The newly released Biometric Application Programming Interface (BioAPI) standard should facilitate
communication between applications.
Although standards have been established, steps need to be taken to accommodate other technologies. Manufacturers of public key infrastructure and smart cards, for example, must strive to integrate their products with biometric applications. By identifying challenges and assessing their impact on the marketplace, this research enables your company to develop strategies for overcoming obstacles and maximizing gains.
Additional Information
Market Participants
Advanced Precision Technology, Inc.
Ankari, Inc.
Applied Biometrics Products, Inc.
Bergdata AG
Biocentric Solutions, Inc.
BioLink Technologies International, Inc.
BioMet Partners, Inc.
Biometric Access Corp.
Bioscrypt, Inc.
Buytel
Communication Intelligence Corp.
Cognitec AG
Configate Ltd.
Cross Match Technologies, Inc.
Cyber-SIGN
DERMALOG
DigitalPersona, Inc.
EyeDentify, Inc.
FingerSec Biometric Security
Graphco Technologies, Inc.
ID Technologies Corp.
Identix, Inc.
Imagis Technologies, Inc.
Iridian Technologies, Inc.
LCI SMARTpen/ LCI Technology Group NV
NEC Technologies
Neurodynamics Ltd.
Nuance Communications
Precise Biometrics
Recognition Systems, Inc.
Sagem Morpho, Inc.
SecuGen Corp.
SentryCom Ltd.
Siemens AG
Startek Engineering, Inc.
T-Netix, Inc./SpeakEZ Division
Ultra-Scan Corp.
Veritel Corp.
VeriTouch Ltd.
VeriVoice, Inc.
Viisage, Inc.
Visionics Corp.
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