METHODOLOGY AND INFORMATION SOURCESBoth primary and secondary research methods were used in this study. Primary information sources for this market research include individuals within companies, various research organizations, governmental agencies, and trade associations. Secondary research includes extensive literature reviews, including trade journals, seminar proceedings and patent literature, company literature, published reports, and government publications. Additional secondary research sources include databases, trade literature, specialized journals, and government statistics.
ANALYST CREDENTIALSThe analyst, Srinivasa Rajaram, is a mechanical engineer with more than 40 years of manufacturing experience. He also was senior vice president of M/S Schenck Avery Ltd., an Indo-German joint venture, and has authored several technology market research reports for BCC Research.
HighlightsThe global market for various biometric technologies is poised for sustained growth throughout the forecast period. This market is estimated at $5 billion in 2010 and is expected to reach a value of nearly $12 billion by 2015, a compound annual growth rate (CAGR) of 18.9%.
The market for AFIS and fingerprint biometric technologies account for the greatest share of the global biometrics market and is forecast to continue to be the main source of overall market revenues from 2010 to 2015 and beyond. This sector is valued at $2.7 billion in 2010 and is expected to increase at a 19.6% compound annual growth rate (CAGR) to reach nearly $6.6 billion in 2015
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