Written on 11:26 PM by AKS
The world market for biometric products and services is surging ahead with opportunities, trends and growth drivers, as more governments and private firms implement management programs, criminal and employee IDs, as well as surveillance initiatives. In the coming years, Asia and the Middle East will account for the largest share in the biometrics market, which is expected to reach more than Dh27 billion globally by 2012.
In the Middle East, companies and governments are increasingly using biometric security systems to verify the identity of individuals at corporate and government sites, as well as at border points and airports. The regional biometrics market was estimated to be worth almost $500 million (Dh1.84 billion) in 2007, according to published reports.
Only recently, the UAE government spent about $55 million on cutting-edge biometrics technology to implement the National ID system, which in turn will generate some revenues.
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Written on 4:29 AM by AKS
The global biometric products market is slated to cross US$7 billion mark by 2012, riding on government identity management programmes, criminal ID and surveillance and private sector initiatives such as employee ID, etc.
This growth gels well for Epoc Messe Frankfurt organisers of Intersec trade fair and conference, scheduled to take place at the Dubai International Convention and Exhibition Centre from 18-20 January 2009 where as many as 30 companies are showcasing products related to the biometrics field.
The global biometrics market is teeming with opportunities, trends, and growth drivers and around 30 companies exhibiting at Intersec trade fair and conference will have the opportunity to network with patrons strategic planners, systems integrators, equipment developers, and companies and professionals looking to explore the current and future landscape of the biometrics industry.
Global biometric revenues are projected to grow from AED 11 billion in 2007 to AED 27 billion in 2012. The key areas for growth include fingerprint non-AFIS biometrics followed by face recognition at and iris recognition. Asia and the Middle East region in particular are expected to be the largest global markets for biometric products and services.
Biometric technologies that will be displayed at Intersec trade fair and conference include areas such as fingerprint scan, face recognition, automated fingerprint identification systems (AFIS), live-scan, iris recognition, middleware/biometric identity management software, vein recognition, multiple-biometric, hand geometry and voice recognition.
The commercial security stream of the conference will feature pivotal topics, such as convergence of IP and physical security, analytics of video IP, security and biometrics based on eyeball reflexes, intelligent video surveillance, and many more.
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Biometric Technology Market,
Biometric Trade Events
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The world market for biometric products and services is surging ahead with opportunities, trends and growth drivers, as more governments and private firms implement management programs, criminal and employee IDs, as well as surveillance initiatives. In the coming years, Asia and the Middle East will account for the largest share in the biometrics market, which is expected to reach more than Dh27 billion globally by 2012.
