Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

Biometrics spending to reach record highs by 2013

Monday, July 28, 2008

According to ABI Research, biometrics spending is expected to more than double from $3 billion currently to $7.3 billion by 2013. The growth is due to a number of factors including terrorist attacks earlier this decade and biometric developers working to improve the technology.

The creation of government standards for use and operation of biometrics also is expected to help push the growth. The firm expects much more widespread use and adoption of the technologies in the next five years.

ABI expects to see the increase in use of the technology to be present in both the public and private sectors for security. Furthermore they expect the technology to find more wide-spread use in simplifying daily life through replacing logins and passwords as well as speeding up travel checkpoints. [end] 

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