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The Biometric Market - A Recession Proof Area of Growth and Opportunities, Says Frost & Sullivan
Date:4/27/2009

Frost & Sullivan to Host Analyst Briefing on Biometrics Market on Thursday, 7 May 2009, at 16.00 BST

LONDON, April 27 /PRNewswire/ -- In 2008 biometric vendors witnessed massive growth; however the same downturn that affected banking, construction industry and retail stores since the end of 2008 also affected some biometric vendors. This said, with the ongoing demand for more integrated security solutions from vertical sectors such as education, law enforcement, government, healthcare and manufacturing facilities, 2009 is anticipated to be a steady uphill year for the market.

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"Since the rebound of the global economy in 2004 from the severe economic crisis of 2000, biometrics market has gained steady momentum in Europe with 30.5% growth rate overall. Although, the deployment of biometrics technology in the corporate and banking sector is expected to decline this year, the impact of the economic crisis is expected to be minimal in those sectors which have access to public funding," notes Suja Chellathurai, Frost & Sullivan analyst.

Frost & Sullivan is pleased to announce its 2009 quarterly analyst briefing presentation on the Biometrics Market to be held on Thursday, 7 May 2009, at 16.00 BST.

Highlights of the briefing involve analysis of economic impact across regions, growth rate analysis, consolidations in the market, future technology trends and best practices.

Biometric hardware/software/algorithm manufacturers, system integrators, distributors and customers will likely benefit from the discussion of the growth and opportunities in the European biometrics market.

"The European biometrics market is expected to grow steadily in 2009 as security concerns and government
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SOURCE Frost & Sullivan
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