17 Dec 02. Most of the biometric industry revenue generated from U.S. government spending in 2002 was for trial programs. But government spending for biometric equipment will experience strong growth in the second half of 20033 and beyond as many agenciesintegrate biometrics, according to a new biometric intelligence report by think tank Allied Business Intelligence (ABI).
“The U.S. government remains the largest potential buyer of biometric technology and the newly formed Department of Homeland Security will be the catalyst for the biometric industry”, said John W. Chang, ABI Senior Analyst and author of the report. “Deployments of biometric technology can occur earlier in 2003, depending on how quickly biometric vendors can integrate biometric technology into legacy security systems.”
ABI’s research also indicates:
Governmental agencies garnered 15% of the total biometric industry revenue for 2002
For year ending 2003, the biometric industry will generate $153M in total revenue
Between 2000 and 2007 total biometric revenue is set to grow at a CAAG
The new ABI report, “Biometric Systems: Worldwide Deployments, Market
Drivers, and Major Players”, examines the deployments of biometric systems worldwide and provides a realistic outlook on where the industry is headed. The report also covers protocol and standards development, and the opportunities and challenges for equipment vendors and end users in deploying biometrics worldwide. Market forecasts are provided for fingerprint scanning, iris recognition, hand geometry, facial recognition, voice authentication, and dynamic signature verification. Worldwide biometric equipment, revenues, forecasts, and end user analysis are also included. Detailed examination of technology shifts, market leaders, revenue by technology, and revenue by world regions through 2007 are also included.
Allied Business Intelligence Inc is an Oyster Bay, NY-based technology research think tank founded in 1990. ABI publishes research and technology intelligence on the wireless, automotive, electronics, networking and energy industries. Details can be found on the web at alliedworld.com