PC/Network Security Market Holds Huge Potential for Finger-Scan Market

Frost: Emerging fingerprint-enabled security products such as laptops and cell phones are opening up lucrative market opportunities. The need for higher levels of security due to increased fraudulent activity has provided impetus for growth in this market.The World Non-AFIS Fingerprint Biometrics Markets earned revenue of $190.4 million in 2004 and estimates to reach $3,008 million in 2011.

Increased reliance on technology in our everyday lives has heightened the need for security as we store private and confidential information in the public domain such as the Internet. Enhanced security solutions are critical as this information can be hacked into for fraudulence purposes. Competition is rife in the market. Finger-scan participants are investing heavily in research and development to gain a competitive advantage in terms of price and performance levels. Winning key projects is crucial in establishing a credible reputation in the market.

In addition consolidation of companies in the non-AFIS fingerprint biometrics market is on the rise. The emerging trend of a multi-modal biometric environment has resulted in key strategic acquisitions and partnerships in the marketplace. This trend is expected to continue.

world Non-AFIS Fingerprint Biometrics Markets

Publ 20060404