A new report from market research firm Frost & Sullivan forecasts significant growth for biometrics in the Europe, Middle East and Africa (EMEA) region.
According to the report, EMEA Biometrics Market, the market garnered €216.1 million in 2008 and is expected to reach €1,058.0 million by 2015, a compound annual growth rate of 25.5 percent.
One of the major drivers noted for the anticipated growth of biometrics in the region is the convergence of security for physical and logical access control through the use of smart cards with embedded fingerprint technology, which is expected to become the standard for many organizations for secure identity management.
“There is great demand for more reliable, accurate and secure measures to validate and authenticate individuals for both physical and network/IT access,” Industry Analyst Matia Grossi said in a prepared statement. “Hence, biometric technologies including fingerprint, face and iris recognition are increasingly finding use for physical/logical access control, transactional authentication, time and attendance, travel/identity documents and border control applications.”