New Market Research Reports analysis indicates that the global biometrics technology market is poised for significant growth through 2019 due to surging demand for national security and data protection tools.
The research firm said Tuesday that governments have been investing in biometric systems to help counter terrorism, improve airport security and reduce crime.
Market Research Reports projects the industry will grow from $5.2 billion in 2012 to $16.7 billion in 2019.
Russia, India and Mexico are the primary drivers of biometrics market growth, the report states.
The technology is designed for DNA profiling, fingerprinting and facial recognition, as well as to recognize a person’s digital signature, voice characteristics and gait.