New York NY- Point Roberts: Investorideas.com, a global news source covering leading sectors including biometrics and security releases the biometric stock directory for August.
According to a new market report "Biometrics Technology (Face, Hand geometry, Voice, Signature, Iris, AFIS, Non-AFIS and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market is anticipated to reach a value of USD 23.3 billion by 2019, at a CAGR of 20.8% from 2013 to 2019.
The report also notes "Increasing security concerns due to the rising terror attacks and crimes have created a need for high level security. In addition, the rising government initiatives such as e-passport, national identification programs etc. and various border control projects such as European Dactyloscopy (EURODAC), Visa Information Systems (VIS) and new generation Schengen Information System (SIS II) have helped to boost the biometrics technology market. However, privacy concerns and high cost of biometrics system may hinder the growth of this market. Furthermore, increasing usage of multimodal biometrics to enhance the security level is expected to create huge opportunities for this market in the upcoming years."