Report: Security Biometrics Spending To More Than Double By 2013

  • Jul 29, 2008

Broad interest and investment in an array of biometrics technologies around the world will drive spending to $7.3 billion by 2013, up from around $3 billion in 2008, according to a recent study by ABI Research.

Interest in biometrics was kick-started by the new wave of terrorism in the early years of this decade, but it has taken time to lead into sales and adoption. In the meantime, biometrics vendors and system integrators that have led the way in biometrics deployments have worked hard to prove the value and efficiency of the technology as well as to enable multi-technology, multi-vendor capabilities.

“Over the next five years the effort to create standards for biometrics technologies will be rewarded with a significant growth in biometrics system adoption,” said Jonathan Collins, principal analyst at ABI Research.

Growth will be driven by increased emphasis on security in both the public and private sectors but it will be underpinned by a raft of technology standards that have enabled more interoperable systems to emerge.

Face, iris, hand, and speech recognition systems have emerged and are being adopted independently and alongside fingerprints, which will continue be the dominant biometric measurement for some time to come. Nevertheless, it will be increasingly essential for organizations and companies, as officials secure facilities, equipment and data, to understand the potential of each of these technologies as well as the potential to combine them to drive system efficiency and reliability.

There is also an emerging interest in biometrics as means toward greater convenience, simplicity and speed in the transactions of daily life. Biometrics is being offered in laptops and mobile phones -- to secure but also speed and simplify log-in -- while “registered traveler” applications are emerging to speed passengers through airports.

Biometrics will increasingly move from being the traditional preserve of large-scale public sector systems to adoption in small-scale private sector and even personal systems use.

Featured

  • Gaining a Competitive Edge

    Ask most companies about their future technology plans and the answers will most likely include AI. Then ask how they plan to deploy it, and that is where the responses may start to vary. Every company has unique surveillance requirements that are based on market focus, scale, scope, risk tolerance, geographic area and, of course, budget. Those factors all play a role in deciding how to configure a surveillance system, and how to effectively implement technologies like AI. Read Now

  • 6 Ways Security Awareness Training Empowers Human Risk Management

    Organizations are realizing that their greatest vulnerability often comes from within – their own people. Human error remains a significant factor in cybersecurity breaches, making it imperative for organizations to address human risk effectively. As a result, security awareness training (SAT) has emerged as a cornerstone in this endeavor because it offers a multifaceted approach to managing human risk. Read Now

  • The Stage is Set

    The security industry spans the entire globe, with manufacturers, developers and suppliers on every continent (well, almost—sorry, Antarctica). That means when regulations pop up in one area, they often have a ripple effect that impacts the entire supply chain. Recent data privacy regulations like GDPR in Europe and CPRA in California made waves when they first went into effect, forcing businesses to change the way they approach data collection and storage to continue operating in those markets. Even highly specific regulations like the U.S.’s National Defense Authorization Act (NDAA) can have international reverberations – and this growing volume of legislation has continued to affect global supply chains in a variety of different ways. Read Now

  • Access Control Technology

    As we move swiftly toward the end of 2024, the security industry is looking at the trends in play, what might be on the horizon, and how they will impact business opportunities and projections. Read Now

Most   Popular

Featured Cybersecurity

Webinars

New Products

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area. 3

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening. 3

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises. 3