Brazil Poised to Emerge as Key Contributing Country in Global Biometrics Market
Brazil biometrics market is emerging as one of the fastest growing biometrics markets in the global landscape. Though, the market is still in the nascent stage but is anticipated to gain tremendous growth over the next five years. Increasing security spending, IT spending, rising security concerns, data theft, international sporting events, and government projects are spurring the demand for various biometrics technologies in Brazil.
According to 6Wresearch, Brazil Biometrics market is projected to reach $1.3 billion by 2020. Amongst all biometrics technologies, fingerprint biometrics technology has captured majority of the market share. Ease of usage, low cost and benefits over smart card based access control systems have fuelled the growth of fingerprint biometrics systems in the country. However, higher growth of iris biometrics technology is expected due to higher reliability and...