Biometrics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2012 – 2018
The market for Automated Fingerprint Identification System (AFIS) and other fingerprint biometric technologies account for the largest share of the global biometrics market and is expected to retain its dominance in the market in the coming future. This sector is valued at USD 2.8 billion in 2010 and is expected to increase at a CAGR of 19.6% to reach nearly USD 6.6 billion by 2015.
The facial structure, the iris, veins, and voice recognition together constitute the second largest segment. This sector is worth an estimated $1.4 billion in 2010 and is expected to reach $3.5 billion in 2015, at a compound annual growth rate (CAGR) of 19.9%.