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Biometrics Technology Market (Biometric Devices, Biometric Products, Biometric Fingerprint Equipment) Worth $11,229.3 Million in 2015 - New Report by MarketsandMarkets

(PRWEB) September 13, 2013

The ‘Global Biometrics Technology Market (2010-2015) - Market Forecast by Products, End-User Application and Geography’ analyzes the biometrics market by different biometrics technologies and applications and studies the major market drivers, restraints, and opportunities in regions such as North America, Asia, Europe and Rest of World (ROW).

Browse market data tables and in-depth TOC on Global Biometrics Technology Market (2010-2015) - Market Forecast by Products, End-User Application and Geography:

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The biometrics market is estimated to grow from $4,217.2 million in 2010 to $11,229.3 million in 2015, at a CAGR of around 21.6% from 2010 to 2015. The growth of the biometrics market is mainly due to increasing concerns of the countries in terms of strengthening national security.

Amongst all the biometrics modalities, Automated Fingerprint Identification System (AFIS) market is estimated to generate the highest revenue of $1,372.4 million in 2010 and is expected to reach $3,283.7 million in 2015 with a CAGR of 19% from 2010 to 2015. Adoption of AFIS in national IDs and civil identification is the prime reason behind the growth of AFIS market. However, the IRIS vein and face market is expected to grow with at a CAGR of 27.5%, 25.4 and 24.2 respectively from 2010 to 2015.

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