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Report Highlights
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The 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%.
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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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Face, iris, vein, and voice recognition biometric technologies together form the second largest segment. This sector is worth an estimated $1.4 billion in 2010 and is expected to reach $3.5 billion in 2015, a compound annual growth rate (CAGR) of 19.9%.
INTRODUCTION
- Senior executives within biometrics supplier companies
- Government and commercial end users
- Consultants to the global biometrics industry
- Biometrics and security systems integrators
- Security managers in private and public sectors
- Infrastructure and risk assurance managers
- Site security officials
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Report Highlights
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The global market for biometrics increased from $1.95 billion in 2006 to an estimated $2.7 billion by the end of 2007. It should reach $7.1 billion by 2012, a compound annual growth rate of 21.3%.
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Fingerprint biometrics will continue to be the main revenue contributor from 2007 to 2012 and even beyond this time frame.
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The public sector, comprising government and federal departments, law enforcement, military and transport and aviation markets, will be the main user segment of biometric technology.
Report Highlights
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The total market will grow to just under $3.4 billion by 2007.
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By far, the leader is finger scan (FIS) technology with a market share of 80%.
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Facial and voice scan technologies have higher growth rates than FIS.
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Iris and retina scans will have AAGRs of 18.8% and 19.8%, respectively.
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