Report: Biometrics Market to Triple to $1.4 Billion by 2008
SAN ANTONIO — A Frost & Sullivan analysis reports the North American biometric applications market is expected to rise to $1.4 billion by 2008, almost triple the $527 million generated in 2004.
While traditional fingerprint technologies currently make up the largest portion of market revenues, new technologies such as facial recognition and iris scans hold the greatest potential for expansion, Frost says.
Frost & Sullivan research analyst Rob Allen said in a prepared statement that although the market would benefit from companies developing more than one biometric application, only 15 percent of the companies studied offered multiple types of biometric technologies.
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!
Recommended For You
Cloud security can present a paradox: companies love the flexibility and versatility of cloud security management, but are unsure if the cloud itself is secure enough to house their vitally important systems.
From processing power to lens selection to proper positioning, here are 13 tips to help shed light on proper installation of cameras in low-light conditions.