Technology Advancements in Developing World Drives Global Biometrics Market to reach $30 billion by 2020
Industry Experts has introduced the new global market research report on Biometrics. The study ‘ Biometrics – A Global Market Overview ’ reveals that North America constitutes the largest market for Biometrics worldwide, with a share estimated at 32% equating to US$3.3 billion in 2014 and projected to reach US$9.2 billion by 2020 while Asia-Pacific is expected to be the fastest growing market with a robust CAGR of 23% during 2014-2020. The primary goal of biometrics technology is to ensure that an individual is who she/he is claiming to be, and for this purpose, this technology may make use of a person’s unique physical characteristics, such as fingerprint, hand or palm print, iris, face and even veins for verifying identity. It is possible to integrate biometric technology into banks, ATM machines, USB keys hooked onto computers, retail locations to be utilized with credit and debit cards and any other such area that requires a financial transaction to be made. Wide...