North American Government Biometrics Markets Thrive with Active R&D Thrust Finds Frost & SullivanMountain View, CA, United States, 07/15/2009 - Security issues constantly remain under the spotlight in the government vertical. Local, regional, and national government organizations look to biometric systems because of their advantages in accuracy, convenience, and time efficiency.
The need for greater security to deal with fraudulence, illegal immigration, and criminal activities has made it necessary for government enterprises to rely on security solutions. Technological innovations have provided the market with strong forward momentum, and investments in R&D have eliminated technological barriers.
New analysis from Frost & Sullivan (autoid.frost.com), North American Government Biometrics Markets, finds that market earned revenues of over $2.60 billion in 2007 and estimates this to reach $9.44 billion in 2014.
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, send an email to David Escalante, Corporate Communications, at david.escalante[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.
“Heightened emphasis on R&D to roll out new products to meet the industry’s current and future requirements will establish biometric technologies as an integral component of national security and defense strategies in the near future,” says Frost & Sullivan Research Analyst Neelima Sagar. “With specific end user requirements in mind, market participants have invested heavily in the development of novel solutions.”
The market share of this vertical grows year on year and major application areas include transportation, border control, and immigration. The regulatory-driven activities and initiatives of the government have enabled the North American government biometrics market to become a high revenue generator. The U.S. mandated Visa Waiver Program (VWP), the border management control programs, the national ID programs, driver’s license, and the physical access and logical access control programs for buildings have opened the doors of opportunity for biometric vendors.
“In North America, large-scale funded programs, focused on monitoring employee access in buildings, drive revenue growth,” says Sagar. “In addition, the demand for finger-scan biometric technologies to restrict the network access of confidential data to authorized personnel only expects to increase the demand for PC /network security applications.”
Features high on the priority list of biometric vendors remain optimal security, user friendliness, non-invasiveness, and low cost. Observations reveal that the lack of standardization, insufficient awareness, and long sales cycles impede adoption of biometrics technology. Historically, fingerprint recognition technology has proved to be the most cost-effective and well-suited technology for civil and criminal identification and physical access control. However, the market is poised to experience a shift in dynamics as the price of face recognition and iris recognition systems decline.
Fierce competition dominates the market, and it remains imperative for participants to strategically position products early in their lifecycle to garner maximum revenues. Focusing on high-accuracy, cost-effective solutions will ensure successful business outcomes. Ongoing alliances and acquisitions will spearhead the utilization of multimodal technology. This multi-factor authentication will buffer security by overcoming the shortcomings of individual technologies and contributing to the long term growth of the North American biometrics market.
Vendors can hope to magnify chances of success by collaborating and marketing the appropriate technology for a specific application. Besides, building awareness on privacy concerns by organizing more trade shows and conferences will allow vendors achieve healthy profit margins.
North American Government Biometrics Markets is part of the Automatic Identification and Security Growth Partnership Service program, which also includes research in the following markets: world biometrics market, world silicon chip fingerprints market, world hand geometry market, North American criminal AFIS market, world dynamic signature verification market, world financial biometrics market, North American biometrics in border control applications market, Non-AFIS fingerprint in notebook PCs and wireless devices market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.
Contact:
David Escalante
210.477.8427
david.escalante@frost.com
http://www.autoid.frost.com/
Subscribe to this comment's feed
