04 Jan Global Biometrics spending to grow
The global biometrics spending in the government sector to grow at a CAGR of 22.34% over the period 2014-2019.
The market is highly fragmented with the presence of a large number of small and large vendors. A detailed product and feature comparison for the key leading vendors is provided in the report. In addition, the report discusses the major drivers that influence the growth of the global biometrics spending in the government sector. It also outlines the risks faced by vendors and the market at large, as well as the key trends emerging in the market.
2D face recognition is widely accepted by many organizations. However, it loses its efficacy because of issues such as lighting conditions and changes in pose and expression, resulting in inaccurate identification. To overcome these issues, 3D face recognition was introduced. It uses information on geometric depth rather than color and texture, and is unaffected by lighting conditions. Hence, 3D facial recognition techniques are more accurate than 2D facial recognition. There has been an increase in the adoption of 3D facial recognition technology in the government, utilities, military, homeland security, retail, and BFSI sectors. The government sector uses 3D facial recognition technology for passport and visa programs.
According to the report, biometric technologies such as fingerprint recognition, DNA identification, facial recognition, voice recognition, and iris recognition are used in the government sector, especially by law enforcement agencies, to identify criminals. The governments of several countries have increased their spending on biometric techniques and are also planning to deploy biometrics at airports because of increased terrorist threats. The implementation of biometric technologies at airports will enhance operational efficiency and security.
Further, the report states that high cost of biometric systems is a major challenge in the market.
- 3M Cogent
- Cross Match Technologies
Other prominent vendors
- Iris ID
- Nuance Communications