A new market research report published by MarketsandMarkets, titled ‘Next Generation Biometric Technologies Market - Global Forecast & Analysis (2012 - 2017)’ states that the total biometric technologies market will reach $13.89 B by 2017, at a CAGR of 18.7%.
Biometric is a method of detection or authentication of humans by their traits like fingerprint, palm, face, voice, iris, signature, and DNA. Biometric authentication will play a vital role in security owing to the growing prevalence of border intrusion, unauthorized immigration, visa frauds, etc. Its deployment has been increasing in the security checkpoints of retail malls, airports, stations, commercial complex, etc. Biometric technology ensures precise authentication and negligible margin of error or duplicity.
The 2002 film Minority Report represents broad utilization of casual iris or retina scanning techniques for personal identification as well as point Of sale transaction purposes. An individual’s official Identity will be changed based on the main character like eye transplantation, followed by accessing a security system with one of the removed eyes.
The movie Gattaca depicts a society with two classes of people, such as ‘Valid’, having superior genetically engineered and ‘Invalid’, representing the inferior natural humans. "Valid" have several privileges, where automated biometric scanners limit access to areas restricted to such persons. It has similar appearance as that of fingerprint scanners, but here DNA sampling is performed with blood droplet from finger.
This report represents different types of biometric technology, among which fingerprint recognition, face recognition, and iris recognition have a wide range of utility applications. Fingerprint recognition is the ancient type of biometric authentication that has wide application in banks, ATMs and other government offices.
The next generation biometric technologies market report demonstrates biometric technology’s utility application in consumer electronics, healthcare, government, banking and finance, defense, home security, commercial security, and travel and immigration.
Source: http://www.marketsandmarkets.com/