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Biometrics Market is Projected to Attain USD 44.2 billion by 2021 : Radiant Insights , Inc
The Global biometrics market is projected to attain USD 44.2 billion by 2021 . It had a prior estimated revenue totaling USD 7 billion in 2014 . Biometrics in commercial and government sectors can serve as identity proof . Use of this technology to get rid of terrorist concerns will spur market demand in the years ahead .
Biometrics can identify a person based on its physical characteristics . Common characteristics are DNA , fingerprints , voice , and face . Most modern hybrid biometrics employs onboard fingerprint readers . Portability issues have led to breakthroughs resulting in different weights , sizes , and battery length .
Automated fingerprint identification systems ( AFIS ), non-AFIS , facial recognition , iris scans , biometric signatures , data encoders , bar coders , and document scanners are various devices in the biometric market . Technology breakthroughs , improved mobile technology , and miniaturization have made unimaginable scenarios possible . Voter registration is possible in economies with lowliteracy rates . Identifying a person of interest in a crowd that can pose a security threat is also within the biometric devices ’ range .
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TYPES OF BIOMETRIC DEVICES
• Automated fingerprint identification systems ( AFIS )
• Palm and vein reading systems that supplement AFIS
• Non-automated fingerprint identification systems
• Facial recognition
• Iris scans
• Integrated AFIS , face , and iris systems
• DNA readers
• Biometric signatures
• Data encoders
• Bar coder
• Document scanner
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