"The financial crisis and intensifying competition add to the pricing pressure on suppliers," explains Kumar. "Although prices have declined considerably, cost continues to be a challenge for vendors."
Implementation of hi-tech projects like the visa information system (VIS), bio development (BIODEV), Schengen information system II (SIS-II), Euroborders, and numerous other projects initiated by the individual member nations, will further initiate growth in this market.
"Biometric systems are experiencing wider adoption due to their reliability and convenience," concludes Kumar. "However, companies and biometric associations should address the fear of data misuse and centralise information to gain end-user confidence."
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|SOURCE Frost & Sullivan|
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