Global Biometric Revenues Projected to Grow from $2.1B in 2006 to $5.7B in 2010

International Biometric Group this week announced the availability of the Biometrics Market and Industry Report 2006-2010.

In addition to analyzing the biometric industry by technology, application and market, the Report profiles leading biometric vendors.

Key Report findings include the following:

• Global biometric revenues are projected to grow from $2.1B in 2006 to $5.7B in 2010, driven by large-scale government programs and dynamic private-sector initiatives.
• Fingerprint is expected to gain 43.6 percent of the biometric market in 2006, followed by face recognition at 19.0 percent.
• Annual iris recognition revenues are projected to exceed $250M by 2008.
• Asia and North America are expected to be the largest global markets for biometric products and services.
• Multiple-biometric systems will emerge to comprise roughly 5 percent of the total market for biometrics.

Applications Addressed Include the Following:

• Civil ID
• Consumer ID
• Access Control/Attendance
• Device/System Access
• Criminal ID
• Surveillance.