LONDON, Dec. 15 /PRNewswire/ -- The biometrics market has gained steady momentum in the EMEA region (Europe, Middle East and Africa) in recent years. The various government projects newly issued are expected to counterbalance the negative impact that the current economic recession is having on the commercial and financial sectors. Infrastructure security developments like e-Passports, the national ID programme, as well as seaports, and airports will be driving the market.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
New analysis from Frost & Sullivan (http://www.autoid.frost.com), EMEA Biometrics Market, finds that the market earned euro 216.1 million in 2008 and is anticipated to reach euro 1,058.0 million by 2015, growing at a compound annual growth rate (CAGR) of 25.5 per cent from 2008 to 2015. Technologies covered include: non-AFIS, face recognition, iris recognition, hand geometry as well as voice and signature verification.
"There is great demand for more reliable, accurate and secure measures to validate and authenticate individuals for both physical and network/IT access," notes Frost & Sullivan Industry Analyst Matia Grossi. "Hence, biometric technologies including fingerprint, face and iris recognition are increasingly finding use for physical/logical access control, transactional authentication, time and attendance, travel/identity documents and border control applications."
The convergence of security for physical and logical access control through the use of smart cards with embedded fingerprint biometric technology is a major market driver. It is projected to become the standard in many organisations for secure identity management.
The International Civil Aviation Organisation (ICAO) 9303 mandate and European Commission (EC) 2252 passport regulation will likely push the deployment of biometric passports. Biometric national IDs, driving license and healthcare card schemes are also expected to gain momentum in additional European countries in the next three years.
"The Schengen Visa, which features embedded fingerprint biometric technology, will continue to boost revenues for border control solutions," adds Grossi. "The iris recognition immigration system (IRIS) programme is currently functional in airports including Birmingham, Gatwick, Heathrow, Manchester and Stansted. It is set to be widely adopted in other UK and European airports in the next three to five years."
Customers still perceive biometric solutions as key value additions to their security deployments; however the severe budget cuts on spending for high capital-intensive investments in the current economic climate have negatively impacted the market. For example, the Department of Transportation in the United Kingdom withdrew tenders for the development and implementation of a facial recognition pilot scheme that was intended to develop into a full system in November 2008.
"Biometric vendors need to reiterate the cost benefits of their products," advises Grossi. "They should constantly redefine their product portfolio and the value added services they provide and ensure a faster return on investment (ROI) for the end user."
If you are interested in more information on this study, please send an e-mail to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.
EMEA Biometrics Market is part of the Automatic Identification & Security Growth Partnership Service programme, which also includes research in the following markets: Electronic Physical Security in Banking and Finance, Electronic Physical Security in Retail, European Security Services Market, European Intrusion Detection System Market and, Opportunities in the European Access Control Market. All research 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, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
No comments:
Post a Comment