Global Biometrics Market (2014-2020): Market Forecast By Technologies, Applications, End Use, Regions and Countries
In global biometrics market, Asia-Pacific is anticipated to overtake North America by 2015, owing to increasing government spending towards IT security, government biometric based projects such as, National ID Program, Biometric Driver’s license, Biometric Passports & Visas and others. Additionally, Asia-Pacific biometrics market is driven by increasing crime rate (crimes related to thefts and homicides), terrorist threats and shift from traditional smart card based systems towards biometric based systems across various countries in Asia-Pacific region.
According to 6Wresearch, global biometrics market is projected to touch $21.9 Billion by 2020. Increasing IT security spending, government biometric based projects, terrorist threats, and emerging cyber security market is boosting the demand for biometric systems. North America leads the overall biometrics market, where the U.S. is the...