FROST & SULLIVAN SAY SECURITY CONCERNS SPUR BIOMETRIC GROWTH

SAN ANTONIO

With concerns for security on the rise, the particular issues of public safety and fraud are causing security to get unprecedented attention. A market analysis by Frost & Sullivan reveals that the global biometric market, which generated $66 million in revenue in 2000, is poised to reach $900 million by 2006.

Because of the emphasis placed on identity, privacy and security, biometric measures are expected to show substantial growth in the next five years. Combining the government’s need to establish identity and a growing fear on the part of consumers for protecting their privacy, many governments are enacting legislation that seeks to protect personal information, while making the ability to verify and individual’s identity easier.

Legislation, such as that enacted here in America, seeks to keep private information such as medical records, and there are laws in place that impose harsh penalties on companies that do not keep that information secure. Frost & Sullivan noted that, in the past, biometric measures locked users into proprietary systems that could not be integrated with other applications. Thanks to the new interface standard, BioAPI, biometric applications are among the most commonly integrated applications.

Frost & Sullivan analyst Prianka Chopra says, “The biometrics industry, once plagued with interoperability issues, has combined forces and agreed on a common platform.” Chopra continues, “Technological advances have led to better products and price declines. Reducing prices of biometric devices is making it affordable for a large number of organizations to incorporate biometrics in their working environments.”

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