Market research estimates biometric technologies market at $14 billion by 2017

Biometric technology is an advanced technique for the identification of humans, based on their characteristics or traits. These traits can be face, fingerprint, iris, voice, signature, palm, vein, and DNA. The existing methods of human identification such as identification documents and PIN are not able to cope up with the growing demand for stringent security,…

New report warns: High cost of biometric solutions is barrier to adoption

TechNavio's analysts forecast the Global Biometrics Technology market for Financial Services to grow at a CAGR of 40 percent over the period 2011-2014. One of the key factors contributing to this market growth is the Government Regulations. The Global Biometrics Technology market for Financial Services has also been witnessing financial institutions progress toward provision of…