Editoria e Media
Global Biometrics to Reach $45.96 Billion as the Implementation of eGovernance by the Public Sector Rises
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"Rapid developments in , ( ), and are prompting biometric vendors to constantly innovate and make the most of the market demand for advanced biometrics," said . "Therefore, there is likely to be a spurt in the number of partnerships between biometric vendors and emerging technology companies."
Frost & Sullivan's recent analysis, , examines the key regional and technology trends as well as the growth drivers and restraints that are expected to impact the market. It analyzes the main competitors, their product offerings, and assesses if vendors are ready to go it alone or if they need partnerships to take their businesses to the next level. The study covers , , , , , and other technologies, such as , , , , and .
"Investments by governments are a major source of revenue for biometric vendors globally. The rising implementation and adoption of , , and in cross-border applications are expanding the market for biometric technologies, especially fingerprint and face," noted . "Regionally, will experience the highest growth due to increased government spending on ."
To make the most of the significant growth opportunities, biometric vendors need to:
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