Global government biometrics market to reach $6.9 billion by 2024

New research predicts the biometrics market will grow by 6.88% over the next 10 years. in 2014 the market is expected to be worth US$3.6 billion. United States The global government biometrics market is expected to be worth US$6.9 billion by 2024, according to a new report by Reportstack. In its report, The Global Government Biometric Systems…

Suprema inks biometric ePassport contract with Mexican Government

Suprema Inc. has won a nationwide electronic passport project for the Mexico Government. The project, steered by Secretaria de Relaciones Exteriores (SRE, Ministry of Exterior) of Mexico, is aimed to develop passport issuing system for 2.7 million electronic passports across all 32 states in Mexico including the Federal District of Mexico City. With the initial…

Suprema launches world’s fastest face recognition terminal

  Suprema announced the release of FaceStation, the world's fastest face recognition access control terminal with patented adaptive IR illumination technology. FaceStation is an IP based biometric access control terminal featuring facial recognition technology which identifies individuals from their facial image features. Conventional face recognition technology contains inherent weak points brought by lighting intensity and…

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…

Indian biometrics market to grow 42 % by 2014 according to latest report

Reportlinker.com announces that a new market research report is available: Biometrics Market in India 2010-2014 TechNavio's analysts forecast the Biometrics market in India to grow at a CAGR of 42.4 percent over the period 2010-2014. One of the key factors contributing to this market growth is the implementation of biometrics in large-scale government projects. The…