Innovative Applications Driving Global Biometrics Market

Biometric technologies are finding new innovative applications in day to day activities

, and this phenomenon is expected to drive the global biometrics market in the coming years. From 24/7 gyms, day-cares to giant corporations, the technology is being deployed in each sector. According to a recent research report by RNCOS, the technology is finding its way into untapped sectors, like educational institutions where biometric is being used to provide lunch in canteen and for students attendance, among other tasks. For preventing car theft or carjacking, the Japanese engineers have also come with a new biometric technology butt fingerprint, which will be embedded in a cars driver seat.

The comprehensive report, Biometric Market Forecast to 2014, found that the biometric technologies are being widely accepted and adopted in various civil and commercial applications, including Point of Sale, ATMs, and border security (passports and customer ID). Across the globe, government organizations as well as financial and educational institutions are benefiting from its applications. Companies are coming up with automated biometric software or systems which help reduce costs and offer enhanced intelligence with automated features. Due to the rising applications and innovations, the global biometric market is anticipated to grow at a CAGR of around 21% during 2012-2014.

The report, which provides methodical research and rational analysis for the global biometrics market, comprises detailed information about growing technologies and drivers, including the 3D technology and its impact on existing processes and systems. The in-depth study discusses the prevalent market trends and the markets prospects in different verticals, applications, and regions. According to the research, e-commerce, financial services and retail are set to emerge as significant segments for biometrics vendors. Analysis and statistics regarding market size, growth, and segmentation, have also been studied in detail in the report to present a comprehensive view of the global biometrics market to clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM383.htm

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by: Shushmul Maheshwari

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