A report by TechNavio predicts that global biometric spending in the government sector will climb in value from 2015 to 2019 at a compound annual growth rate of more than 14 percent.
The company said Friday the availability of user-friendly and cost-effective biometric systems and past violent incidents that have created the need for 3-D facial recognition technology drive market growth.
“There has been an increase in the implementation of 3-D facial recognition technology in the government, utilities, military, homeland security, retail and BFSI sectors,” said Faisal Ghaus, a vice president at TechNavio.
Other technologies include fingerprint, DNA, iris and voice recognition tools, as well as mobile biometrics for law enforcement applications.
TechNavio said vulnerabilities and high costs of some biometric systems present challenges to the market.
The report listed the following key vendors:
- 3M Cogent