On the regional front, North America and Europe dominated the global biometric market, accounting for a combined market share of 62 per cent in 2009, closely followed by the Asia-Pacific region. The Middle East and Africa region is also expected to emerge as a growing market for biometrics by 2012 as the Gulf and South African regions are taking several initiatives and starting various biometric programs.
According to the research report, the financial sector has been emerging as a potential adopter in global biometric market. Banks, in particular, are leading the charge so as to cut down on increasing frauds. Most interestingly, many banks in developing countries (specifically Asian nations, including India, China, Malaysia, etc.) are looking upon biometrics as a way to curb fraud and offer customers an easy and more convenient authentication alternative to cards and PINs for transactions like ATM withdrawals.
“Global Biometric Forecast to 2012” offers extensive research on various biometric technologies, acknowledging some of their widely used applications and contextualizing the role of biometrics as an important part of security suite available to government as well as private sectors. It also discusses some of the countries undertaking major biometrics initiatives across the world.
