MarketsandMarkets: Global Next Generation Biometric Technologies Market worth $13.89 Billion by 2017
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MarketsandMarkets: Global Next Generation Biometric Technologies Market worth $13.89 Billion by 2017

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2 Pages
English

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MarketsandMarkets: Global Next Generation Biometric Technologies Market worth $13.89 Billion by 2017 PR Newswire DALLAS, June 20, 2012 DALLAS, June 20, 2012 /PRNewswire/ -- According to a new market research report "Next Generation Biometric Technologies Market - Global Forecast & Analysis (2012 - 2017)" published by MarketsandMarkets (http://www.marketsandmarkets.com), the total biometric technologies market is expected to reach $13.89 billion by 2017, at a CAGR of 18.7%. Browse 148 tables spread through 315 pages and in-depth TOC on "Next Generation Biometric Technologies Market -Global Forecast & Analysis (2012 -2017)". http://www.marketsandmarkets.com/Market-Reports/next-generation- biometric-technologies-market-697.html Early buyers will receive 10% customization on reports. "Biometric" implies the identification or authentication of humans by their traits such as face, fingerprint, voice, iris, palm, DNA, and signature. Biometric authentication has become the most important part of security due to increase in unauthorized immigration, visa frauds, border intrusion, etc. It has increasingly getting deployed at all the security checkpoints of airports, stations, commercial complex, retail malls, etc. Biometric technology provides accurate authentication and negligible margin of duplicity or error. The 2002 film Minority Report features extensive use of casual Iris/Retina scanning techniques for both personal Identification and Point Of Sale transaction purposes.

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MarketsandMarkets: Global Next Generation
Biometric Technologies Market worth $13.89
Billion by 2017
PR Newswire
DALLAS, June 20, 2012
DALLAS
,
June 20, 2012
/PRNewswire/ --
According to a new market research report
"Next Generation Biometric
Technologies Market - Global Forecast & Analysis (2012 - 2017)"
published by MarketsandMarkets (http://www.marketsandmarkets.com), the
total biometric technologies market is expected to reach
$13.89 billion
by 2017,
at a CAGR of 18.7%.
Browse 148 tables spread through 315 pages and in-depth TOC
on "Next Generation Biometric Technologies Market -Global Forecast
& Analysis (2012 -2017)".
http://www.marketsandmarkets.com/Market-Reports/next-generation-
biometric-technologies-market-697.html
Early buyers will receive 10% customization on reports.
"Biometric" implies the identification or authentication of humans by their traits
such as face, fingerprint, voice, iris, palm, DNA, and signature. Biometric
authentication has become the most important part of security due to increase
in unauthorized immigration, visa frauds, border intrusion, etc. It has
increasingly getting deployed at all the security checkpoints of airports,
stations, commercial complex, retail malls, etc. Biometric technology provides
accurate authentication and negligible margin of duplicity or error.
The 2002 film Minority Report features extensive use of casual Iris/Retina
scanning techniques for both personal Identification and Point Of Sale
transaction purposes. The main character changes his official Identity by having
his eyes transplanted, and later accesses a security system using one of the
removed eyes.
The movie Gattaca portrays a society wherein there are two classes of people:
those genetically engineered to be superior (termed "Valid") and the inferior
natural humans ("Invalid"). People considered "Valid" have greater privileges,
and access to areas restricted to such persons is controlled by automated
biometric scanners similar in appearance to fingerprint scanners, but which
prick the finger and sample DNA from the resulting blood droplet.
This report describes the various types of biometric technology such as face
recognition, fingerprint recognition, iris recognition, voice recognition, signature
recognition, vein recognition and DNA recognition that are being used for
different applications. Out of all the above types, face recognition, fingerprint
recognition and iris recognition are commonly used in most of the applications.
Fingerprint recognition is the oldest type of biometric authentication and can be
seen at banks, ATMs and various government offices.
The
next generation biometric technologies market
report also throws
light on the various application areas of biometric technology such as
government, banking and finance, travel and immigration, defense, consumer
electronics, home security, commercial security, and healthcare. Biometric
technology is slowly spreading across all the industries wherever security is of
the prime concern. Biometric technology is largely deployed in the application
areas like government, travel and immigration, banking and finance, and
defense. Government applications cover voting, personal ID, license, building
access, etc.; whereas travel and immigration use biometric authentication for
border access control, immigration, detection of explosives at the airports, etc.
Banking and finance sector use biometric authentication for account access,
ATM security, etc.
Global biometric technology-type and applications market is expected to reach
$13.89 billion
by 2017, at an estimated CAGR of 18.7%.
North America
is the
biometric technology market; followed by
Europe
and APAC. In ROW,
Middle
East
and
Africa
are the largest contributors.
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