Report: Biometrics Spending to Hit $7.3B by 2013

Biometric systems are increasingly moving into the market for personal data management and security, according to a new report by ABI Research. Laptops, mobile phones, storage drives and other personal devices will increasingly include biometric options to provide an additional layer of access security.

“Biometrics players increasingly have to support both public and private sector demand. It will be those that leverage the key biometric standards initially developed for the public sector but with scope for private sector deployments that will reap the benefits,” says ABI Research Principal Analyst Jonathan Collins.

According to the report, the combined growth in both government, law enforcement and private sectors for biometrics will drive spending on biometrics systems over the next five years up to $7.3 billion by 2013, up from around $3 billion in 2008. Traditional government and law enforcement biometrics spending will continue to dominate investment over the next five years.

For more information about ABI’s “Biometrics” report, click here.

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