RNCOS forecasts innovation driving biometrics market
16 May, 2011
category: Biometrics
RNCOS, an industry intelligence and solutions specialist, has announced that in its most recent research report, “Global Biometric Forecast to 2012,” findings point to innovative applications of biometric technology being the drivers leading to an expected 23% growth rate through 2013.
Other aspects of the biometric marketplace it expect to help drive the growth include organizations phasing out old technology and the reduced long-term costs associated with biometric systems.
Additionally, the specific modes of biometrics and industries with the highest adoption rates will continue to be automated fingerprint identification systems, fingerprint recognition and facial recognition used most prevalently by civil identification and criminal identification groups.
Other predictions from RNCOS include an increase in consumer adoption and comfort with biometric systems due to dropping price points and increase in adoption by government and financial sectors.