Biometric Market Growing Strongly in MENA Region

Noida, India (PressExposure) January 11, 2010 -- With the fast changing global information society, the authentication of individuals has become the prime importance to ward off threats from anti-social elements. Biometrics-based authentication has emerged as a reliable method that can overcome some of the limitations in traditional automatic personal identification technologies. Moreover, increasing security concerns - ranging from individual identity theft and corporate security to national security - are driving the biometric market. According to our research report “Global Biometric Forecast to 2012”, the global biometric market is forecasted to grow at a CAGR of around 18% during 2010-2012.

Our research has found that the Middle East & Africa is one of the fastest growing markets for the deployment of biometric technologies. The willingness of Gulf States to embrace biometric technologies places the region at the forefront of next generation security implementations. The research projects that the biometric market in the MENA region will grow at a CAGR of over 22% during the forecast period.

Besides MENA region, we have analyzed other major markets such as North America, South America, Europe and Asia-Pacific to recognize the present and future biometric market trends at the regional level. The report further studies the global biometric market by segmenting it into various sub-segments i.e. by technology, by application and its usage across a wide range of industries.

“Global Biometric Forecast to 2012” is a comprehensive review of the global biometric market, with focus on its future growth and application areas. Thorough evaluation of the current industry trends and developments has been done to facilitate clients understand the market dynamics and opportunity areas. The report contains plenty of qualitative data along with comparable statistics of biometric application, revenue generation from different regions, technology share, revenue generation from different industries, etc. We have also identified certain factors that might restrain growth in the biometric industry, helping clients to prepare themselves for challenges ahead.

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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

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Press Release Submitted On: January 11, 2010 at 4:18 am
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