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Radiant Insights: Biometrics Tech Market’s Value to Reach $17B in 5 Years

Radiant Insights: Biometrics Tech Market's Value to Reach $17B in 5 Years - top government contractors - best government contracting event

biometricsA Radiant Insights report says demand for technologies designed to protect information and control data access will drive growth in the biometric systems market over the next five years.

The worldwide biometrics industry is projected to have a market value of $16.7 billion by 2019, an increase from the $5.2 billion recorded in 2012, Radiant Insights said Wednesday.

Biometric platforms work to automatically identify people through their physiological or behavioral traits, and government agencies globally use the technology for citizen protection initiatives

Key industry players include IBM, Motorola Solutions, Iris ID Systems, Morpho and NEC.

The market research firm also predicts biometric programs in Russia, India and Mexico will help drive global market through 2019.

 

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

Radiant Insights: Biometrics Tech Market's Value to Reach $17B in 5 Years - top government contractors - best government contracting event
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