Demand for Biometrics to soar in Middle East
A recent market report by the International Biometric Group has indicated that total, international biometric revenues, including law enforcement and large-scale public sector usage, are expected to grow rapidly to 2005 to US$ 1.9 Billion from US$ 729 million in 2003.
- United Arab Emirates: Thursday, August 22 - 2002 at 12:28
- PRESS RELEASE
Much of the growth will be attributable to PC/Network Access and e-Commerce, although large-scale public sector deployments will continue to be an essential part of the industry.
The report also predicts that by 2004, total Emerging Sector revenue, that is PC/Network Access, e-Commerce and Telephony, Physical Access, and Surveillance is expected to surpass Mature Sector revenue, Criminal Identification and Citizen Identification.
Managing Director of Biometrex 2003 due to take place 5-6 May 2003, Fairmont Hotel, Dubai, Trevor Punt said, 'The report is excellent news for biometric vendors in the UAE and the Middle East. Exhibitors who are participating in Biometrex are predicting that revenues attributable to PC/Network Access are expected to grow at a rapid pace over the next 24 months driven by the increased awareness of employee authentication and security problems. In the 24-48 months, biometrics are set to become a more common consumer-facing solution, and new biometric revenue models based on transactional authentication are expected to emerge'.
'New services that address a rapidly increasing biometric infrastructure comprised of finger-scan readers, telephones, signature tablets, and video cameras are expected to be developed as leading biometric companies face increased merger and acquisition possibilities, as well as competition from much larger technology firms entering the biometric market' Punt added.
At present finger-scan continues to be the leading biometric technology in terms of market share, commanding nearly 50% of non-AFIS biometric revenue. Facial-scan, with 15.4% of the non-AFIS market, surpasses hand-scan, which had been second to finger-scan in terms of revenue generation. Finger-scan and biometric middleware will emerge as two critical technologies for the desktop, together comprising approximately 40% of the biometric market by 2005.
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Notes and media contacts
For more information:Trevor Punt
Managing Director
Bighat Media
Mob: 050 6513905
Tel:04 3365047
Fax: 04 3365051
Posted by Anne-Birte Stensgaard, News EditorThursday, August 22 - 2002 at 12:28 UAE local time (GMT+4)
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This Article was updated on Tuesday, August 29 - 2006
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
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