JANUARY 22--International Biometric Group (New York, NY) has updated its "Biometric Market Report 2003--2007." This analysis of biometric technologies, applications, and global markets includes more vendor profiles and new analyses on recent news and events affecting the biometric industry.
Global 2002 industry revenues of $600 million are expected to reach $4.04 billion by 2007, driven by large-scale public-sector biometric deployments, the emergence of transactional revenue models, and the adoption of standardized biometric infrastructures and data formats.
Fingerprint-based technologies accounted for $467 million of 2002 industry revenues, far and away the largest technology segment. This growth is attributable to the range of applications in which fingerprint-based solutions operate effectively. Among emerging biometric technologies, Facial-Scan and Middleware are projected to reach $200 million and $215 million, respectively, in annual revenues in 2005. Iris-Scan is projected to reach $210 million in annual revenue in 2007.
For more information, see www.biometricgroup.com.
