Increasing Security Threats Accelerate Demand from Global Biometrics Technology Market

By -
The biometrics technology industry has attained great momentum in the last couple of years. Once touted as a ‘futuristic approach’, the technology is here and is already widespread. Innovative advances introduced in biometrics identification technology are gradually eliminating the dependence on paper or other electronic credentials, to benefit workforce management and security efforts. Deployment of the technology across organizations has significantly benefitted the process of maintaining records of corporate attendance and has also helped enhance the security of financial complexes. The global market for biometrics technology, according to a recent report released by Transparency Market Research, is expected to reach US$23.3 billion by 2019.

Browse the full Global Biometrics Technology Market Report: http://www.mrrse.com/biometrics-technology-market

What does the Future of Biometrics Technology Look Like?
Evolution of biometrics technology has been momentous. Now that we are
heading towards the day when safety of individuals as well as valuable data against unscrupulous incidents would attain phenomenal importance, the demand for advanced gesture recognition and touch-less sensing technology will increase correspondingly.
Development of biometrics technology has been so rapid that the futurists now envision a day when scientists will invent scanners that will identify us unerringly and from afar by screening our DNA traits. Such is the potential of the technology that any kind of camouflage, be it clothing, wigs, masks, or prosthetics will fail to deceive the system, as remote detectors evaluate and compare our genetic information with massive databases and return with even the minutest information about us accumulated throughout our lives, apart from identifying us.

This may sound too mindboggling to be true, but the future is indeed closer than we thought. Contemporary hand vein reading technology may have seemed like witchcraft if we travelled back in time to the 19th or even the early 20th century. Likewise, the future of identification technology seems piercingly intrusive and startling to us. But this will not hinder the pace of technological innovation and very soon we will foray into a time when the human body will be our sole credential. This exhibits the potential for growth of the global biometrics technology market.

The Utility of Biometrics Technology 
Countries around the world have witnessed several instances of terror attacks in the last decade, impelling governments worldwide to implement sweeping border security reforms. Biometrics technologies have played a key role in assisting governments achieve the same. The latest biometric technologies and biometric passports have become crucial to building automated airport security and border control in countries such as the U.K, Spain, China, and Germany. In 2010, the Unique Identification Authority of India (UIDAI) launched an ambitious unified identification project, which it dubbed as Aadhar. The project aims to gather iris data and fingerprints of the more than 1.2 billion citizens of India for numerous security and authentication purposes.

Request a Sample Copy of the Report @ http://www.mrrse.com/sample/345

Such developments and government initiatives will bolster the growth opportunities for the global biometrics technology market, which is expected to exhibit a whopping 20.8% CAGR between 2013 and 2019.  

Comments

Post a Comment

Popular posts from this blog

New reports Acetone Market Global Industry Analysis and Opportunity Assessment, 2014 – 2020

By -
Image
Research Reports Search Engine (MRRSE) announces the addition of a new report titled ‘ Acetone Market: Global Industry Analysis and Opportunity Assessment, 2014–2020’ to its database. The report finds that global acetone consumption stood at 5.9 million tonnes in 2014, and is poised to grow at a meager 3% CAGR from 2014 to 2020 to reach a little over 7.21 million tonnes by 2020. The report has been published by Future Market Insights (FMI). Global Acetone Market Analysis Forecast: The key drivers identified by the study are: The chemical sector’s dependence on acetone as a solvent, the use of acetone as a chemical in several processes, and the escalating use of BPA in the global automobile sector. On the other hand, the report warns that hurdles such as increasingly stringent government mandates for the chemical industry and the growing acceptance of bio-based acetone will restrict growth to some degree. In order to offer highly detailed insights into various face
Read more

Global Industrial Logistics Robots Market Shares, Status, Opportunities, Market Forecasts, 2014 to 2020

By -
The main benefits of incorporating industrial logistics robots are doing tasks that people cannot or will not perform, minimizing cost of labor, reducing the frequency as well as severity of injuries to workers, enabling processes that are speedier, more efficient, and organized, minimizing product damage, avoiding duplication, and mitigating loss arising from theft. To Get Browse Full Report with TOC: http://www.mrrse.com/reports/industrial-logistics-robots-market Developing industrial logistics robots is a rather tedious process that requires high capital and this often results in the postponement of investment. Achieving this feat is the biggest challenge at the moment. Logistics robots need to be customized according to the needs of a specific industry and this renders the process even more expensive. Another challenge that arises from the technological shift is the task of training new and existing staff to be able to handle and use these new systems. Logistic rob
Read more

Global Insulation (Fiberglass, Plastic Foam, Mineral Wool and Others) Market Residential Construction, Industrial Trends and Forecast 2014 – 2020

By -
The global insulation market will expand at an 8.0% CAGR during the forecast period. The global insulation market was valued at US$37.87 billion in 2013 and is estimated to reach a total value of US$64.91 billion in 2020. To Get Browse Full Report with TOC: http://www.mrrse.com/reports/insulation-market Product-wise, the global market for insulation is broadly segmented into fiberglass, plastic foam, mineral wool, and others. Fiberglass held the lion’s share of the demand in the worldwide insulation market with 42% in 2013. Alternatively, other insulation materials such as plastic foam experienced a decline in demand in the past few years due the fluctuating prices of raw materials, particularly crude oil. Geographically, distinctive trends can be seen in the developed and developing regions.   To Get Download Full Report with TOC: http://www.mrrse.com/enquiry/insulation-market According to the latest predictions, the global population will exceed 7.5 billio
Read more