|By PR Newswire||
|October 17, 2012 04:55 AM EDT||
- The convergence of various biometric modalities will lead to advanced, sophisticated, and more accurate security systems
KUALA LUMPUR, Malaysia, Oct. 17, 2012 /PRNewswire/ -- Rising crime rates and terrorism around the globe have forced governments to increase monitoring and introduce reliable border control systems. These security concerns and government regulations aimed at criminal identification and automated immigration at all entry points, whether air, land or sea, drive biometrics adoption in the government vertical across Asia-Pacific.
New analysis from Frost & Sullivan (http://www.autoid.frost.com), An Analysis of the Biometrics Market in the Government Vertical in Asia-Pacific, finds that the market earned revenues in the range of US$500.0 million in 2011 and is expected to grow at a CAGR of 12.6% till 2016.
With many emerging economies in the region, there is a strong need for building infrastructure in terms of national identification and border security. Therefore, the Asia-Pacific biometrics market will witness faster growth than those in North America, the Middle East, and Europe.
"National ID programs have been implemented in many countries in the region to identify residents and track insurgents," said Frost & Sullivan Research Analyst Susan Sahayan. "However, due to the global financial crisis, tight government budgets and the high initial investments needed to implement full-fledged biometric systems, many projects have been delayed, postponed, or shelved."
To overcome these barriers, companies must facilitate the convergence of various biometric modalities into a single offering, as multiple authentication methods for identifying an individual will enable higher accuracy and greater security. They must be able to integrate biometrics with other electronic access control technologies such as video surveillance to meet the need for more intelligent and robust security systems.
"For companies looking to offer advanced technologies and secure large-scale government projects, good credentials are critical," noted Sahayan. "This raises entry barriers for potential market participants."
To stay ahead of their peers, participants are likely to resort to consolidation. Although this move will further intensify competition among the key players, it will also catalyze the development of innovative and superior products.
If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at [email protected], with your full name, company name, title, telephone number, company email address, company Web site, city, state and country.
An Analysis of the Biometrics Market in the Government Vertical in Asia-Pacific is part of the Automatic Identification Growth Partnership Services program, which also includes research in the following markets: ANZ Biometrics Market, Global Civil and Military Biometrics Market Assessment, Indian Biometrics Market, World Biometrics Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
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An Analysis of the Biometrics Market in the Government Vertical in Asia-Pacific
Corporate Communications – Asia Pacific
E: [email protected]
Corporate Communications – Asia Pacific
E: [email protected]
Corporate Communications – Asia Pacific
E: [email protected]
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