Navigation Links
Frost & Sullivan: North American Government Biometrics Markets Thrive With Active R&D Thrust
Date:7/15/2009

MOUNTAIN VIEW, Calif., July 15 /PRNewswire/ -- 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.

(Logo:http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

New analysis from Frost & Sullivan (http://www.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 e-mail to David Escalante, Corporate Communications, at david.escalante@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

"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.

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. To join our Growth Partnership, please visit http://www.frost.com.

North American Government Biometrics Markets

N4A9

    Contact:
    David Escalante
    Corporate Communications
    P: 210.477.8427
    F: 210.348.1003
    E: david.escalante@frost.com


'/>"/>
SOURCE Frost & Sullivan
Copyright©2009 PR Newswire.
All rights reserved

Related biology news :

1. Peat and forests save permafrost from melting
2. Will global warming increase plant frost damage?
3. Atmel Receives Frost & Sullivans Technology Innovation Award for FingerChip(R) Biometric Sensor
4. Thawing permafrost likely to boost global warming
5. Bad sign for global warming: Thawing permafrost holds vast carbon pool
6. Frost & Sullivan Recognizes AOptix Technologies for its Pioneering Contribution to Security through Noninvasive Biometrics
7. Frost & Sullivan Recognizes Precise Biometrics as a Key Player in the Non-AFIS Fingerprint Market
8. Lockheed Martin Named Biometrics Company of the Year by Frost and Sullivan
9. Lockheed Martin Named Biometrics Company of the Year by Frost and Sullivan
10. RSA Designated as the Leader in One-Time Password Market by Frost & Sullivan
11. Frost & Sullivan Looks at Biometrics Advancement in Civil Security: Exploring Opportunities for Today and Beyond
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/9/2016)... Fla. , March 9, 2016  Crossmatch ... authentication and enrollment solutions, today announced the addition ... ® Altus multi-factor authentication platform. New ... InfoSec managers to step-up security where it,s needed ... Washington, DC . --> ...
(Date:3/3/2016)... MONTEREY, Calif. , March 3, 2016  FlexTech, ... in the categories of Innovation, Research & Development, Leadership ... Industry Leadership. This is the 9 th year ... select group of companies and individuals from past ... nominations based on a pre-described set of criteria, by ...
(Date:3/3/2016)... DE SOTO, Kansas , March 3, 2016 ... to offer Oncimmune,s Early CDT®-Lung, a blood test ... of lung cancer Early CDT®-Lung test to ... --> Early CDT®-Lung test to its clients ... Oncimmune, a leader in early cancer detection, today ...
Breaking Biology News(10 mins):
(Date:4/28/2016)... ... April 28, 2016 , ... ... for Connecticut's innovative, growing companies, today announced the launch of VentureClash , ... (fintech) companies. , “VentureClash looks to attract the best early-stage companies ...
(Date:4/27/2016)... ... April 27, 2016 , ... ... testing technology at the Spring 2016 Marijuana Business Conference and Expo. Shimadzu’s high-performance ... solvents, heavy metals, and more. Expo attendees can stop by booth 1021 to ...
(Date:4/27/2016)... (PRWEB) , ... April 27, 2016 , ... ... (d/b/a Biohaven) is pleased to announce the appointment of John Tilton as Chief Commercial ... Executive Director and one of the founding commercial leaders responsible for the commercialization ...
(Date:4/27/2016)... ... April 27, 2016 , ... Global Stem Cells Group and ... Symposium as other research and development initiatives for potential stem cell protocol management for ... Stem Cells Group executives began meeting to establish a working agenda and foster initiatives ...
Breaking Biology Technology: