The Future of Biometrics Market Research Report

Market Research Reports

The Future of Biometrics: 2009 Revised Edition
Market Analysis and Forecasts 2009 to 2017
10 Figures, 68 Tables, 88 Charts, and 115 Graphs!

    Biometrics Buck the Global Economic Meltdown; Industry Poised for Sustained Growth Reaching Nearly $11 Billion in Annual Revenues by 2017.

    "The impact of the 2008 global economic meltdown has been significant, but not devastating to the biometrics industry", says Principal C. Maxine Most. "Public Sector projects have slowed down or been scaled-back. Commercial opportunities have shifted from strategic infrastructure development to short-tem ROI-based projects. However, biometrics unique capability to identify and authenticate individuals is critical to evolving identity-based IT solutions. The biometrics industry remains on track to experience significant growth through 2017 and beyond".

    "The Future of Biometrics" presents Acuity's trademark brand of concise, strategic, hype-free insight into the trends, drivers, and opportunities that will shape the biometrics industry through 2020 and provides detailed market forecasts through 2017.

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Key Forecasts:

  • Commercial deployment revenues match to Public Sector revenues in 2014 and then surpass Public Sector representing more than 55% of the total global market for biometrics core technology by 2017.

  • While the Central and South American region will experience the highest CAGR over the forecast period of 39.46%, overall market dominance will shift from Europe (and the greater EMEA region) and the US (and the greater North America region) to Asia (and the greater Asia Pacific region). By 2017, the Asia Pacific Region will generate the greatest percent of revenues for the biometrics industry with more than 32% of global revenues.

  • The dominance of AFIS/Livescan and Fingerprint continues thorough the forecast period. However, by 2017 iris and face recognition begin to rival their dominance together accounting for more than 33% of global revenues.

  • Transactions will ultimately provide the majority of industry revenue. Information and Financial Transactions for Commercial applications by 2012 and eGoverment for Public Sector applications by 2017. By 2017 Information Transactions will represent 12.21% of the global market, Financial Services 18.22% of the global market, and eGovernment will represent 14.23% of the global market,

  • The percent of revenue from Identification Services declines over the forecast period but only from 65% to 47%. Surveillance and Monitoring posts the strongest percentage gain growing from less than 1% to nearly 8% of total market revenue.

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Key Analysis Findings:

  • A confluence of factors including the emerging central role of the Digital Identity in IT, population mobility and workforce decentralization, demand for eGovernment services, near ubiquitous reliance on digital transactions, the inevitability of broadband access everywhere, along with the rise of cloud computing will require a level of authentication available only through the use of biometrics.

  • The entry of sophisticated, well funded market players with technology expertise in high resolution image capture, large-scale data management and high-speed processing, and pattern recognition and matching algorithms from varied fields such as robotics, astronomy, and intelligent video elevate technological capability and provide the requisite knowledge for the industry to experience sustained growth.

  • Biometrics as a class of disruptive or discontinuous technology has not moved completely through its revolutionary market development cycle and yet is now subject to significant evolutionary or continuous innovation. In other words, just as biometrics are beginning to stabilize and deliver on past promises, current expectations continue to be driven by “next generation” technologies. It is therefore likely that although there may be instances where specific markets and/or regions experience accelerated growth, the overall market will experience sustained linear growth rather than the exponential growth most readily associated with the "hockey stick" growth curve of innovations such as mobile phones or the Internet. Biometrics adoption will mimic the growth curve of ATMs, which achieved roughly 80% adoption through linear growth over a period of 20+ years.

  • Contactless, user-acquiring biometrics will become a preferred method of authentication for two primary reasons. Capture technology will become increasingly more sophisticated operating accurately regardless of environmental conditions. Biometric authentication that does not require the user to “do anything” e.g. position themselves in relation to or have physical contact with a reader, will be prove safer (no transmission of germs) and more convenient for users.

  • Secure transaction capability will ultimately define the genuine opportunity for large-scale, widespread deployment of biometric technologies. The technology itself will, in many respects, become inconsequential as the applications it delvers become essential components of 21st century life.

Pricing: $1595.00 US
The report is 109 pages and is presented in two parts - the analysis and the forecasts - which can be purchased together or individually. Part One contains the in-depth analysis and Part Two provides the market segmentation and forecasts through 2017.

View the report preview for a document overview, the Table of Contents and a list of Charts, Tables and Diagrams or visit the online order page.

Part One: Analysis
The first half of the report addresses fundamental questions that provide the context for developing a comprehensive view of the likely evolution of the biometrics marketplace.

  • What are the Mega and Meta forces shaping the evolution of the market?

  • Which industries and applications hold the most promise for biometric deployment?

  • What is the current state of the marketplace?

  • How will market demand shape technology evolution and the development of biometrically enabled solutions?

  • How will the technology evolve and impact overall market development?

  • How will the most substantial opportunities for industry players evolve?

Part Two: Segmentation & Forecasts
The second half of the report includes market segmentation and forecasts from 2009 through 2017.

The two key Application Solution domains and their associated sub-sectors - Public Sector (eBorders, eID, and eGovernment) and Commercial (Enterprise Security, Information Transactions, Financial Transactions) - are mapped against four key application areas - Physical Access, Logical Access, Identity Confirmation and Surveillance - to create comprehensive market segmentation matrices. The resulting target markets are ranked in terms of development priority and timeframe. Each target market is also assessed in terms of the technologies (biometrics modalities) most likely to be deployed. Forecasts for the Commercial and Public Sector Application Solution domains, their sub-sectors, and select target markets are presented globally, by region, by technology, and by application.

View the preview for a document overview or visit the online order page.