
According to our latest research report “Global Biometric Forecast to 2012”, usage of biometric technology for security applications have significantly grown during the past few years. Amongst many technologies, usage of biometric systems has increased tremendously worldwide. These systems, apart from monitoring, provide secure authentication facilities through various means, such as fingerprint recognition, facial recognition, iris recognition, etc. Phasing out of older technologies and reducing costs coupled with innovative applications will drive the global biometric market to grow at a CAGR of around 23% during 2011-2013.