The Global Government Biometric Systems Market 2014-2024 by Reportstack covers the global biometric systems industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.
The report provides detailed analysis of the market for biometric systems during 2014-2024, including the factors that influence why countries are investing or cutting expenditure on biometric systems. It provides detailed expectations of growth rates and projected total expenditure.
Government initiatives towards identity and border control, increasing concern over data security and growth in urban population leading towards increase the proportion of rebel groups and terrorists are expected to boost the demand for biometric identity and security systems over the coming years.
As this sector gains prominence, it is expected that large competitors will try to generate competence by acquiring medium and small sized niche entities, with unique facilities that will fill the gaps in their portfolio of products, or services.
In July 2012, Apple Inc acquired fingerprint sensor and recognition solution provider AuthenTec for US$356 million. Moving ahead the company has integrated the fingerprint recognition into its latest mobile devices iPhone 5S. In the same month, Cross Match Technologies, a provider of interoperable biometric identity management systems was acquired by Francisco Partners, a global private equity firm focused on investments in technology and technology-enabled services business.
Later in the same year, search engine giant, Google acquired facial recognition technology company Viewdle. The increasing demand for innovative biometric applications is expected to result in a further increase in consolidation activity over the coming months. With increase in the usage of biometric devices, a number of cases have been brought to light where impostors and fraudsters have tried to and in some cases succeeded to bypass the system by using spoofing techniques.
This has resulted in a number of anti-spoofing designs and technologies that are being developed by suppliers and an increased focus on multimodal biometrics in order to strengthen security measures by overcoming the limitations of a single technology.
Requirement for multimodal biometrics has also been augmented by shortcomings of uni-modal systems such as fingerprints, faces and iris/retinal recognition systems as such systems in isolation can be susceptible to errors arising from non-uniform natural and other surrounding factors such as faulty data, human aging, light fluctuations etc.
Such systems are capable of using more than one physiological or behavioral characteristic for identity verification and use technologies such as fingerprints, facial features, iris/retinal scans and vein patterns in conjunction to provide highly secure and above average accuracy.
These systems can also effectively deter spoofing as it is almost impossible to duplicate or alter multiple biometric traits, in addition to which some of these multimodal systems can request the user to present random traits that only a live person can do.
Given the advantages offered by these systems and the sensitive nature of applications that most biometric systems are used for, it is expected that multimodal biometric systems will gain even more popularity over the forecast period and demand for such systems will be high in all spheres of application including the government, corporate, commercial and banking sectors.