The biometric market in the Middle East and North Africa (MENA) region is projected to grow at a CAGR of more than 22 percent from 2010 to 2012 on account of Gulf States strong support, said RNCOS .
With the fast changing global information society, the authentication of individuals has become the prime importance to ward off threats from antisocial elements. Biometrics-based authentication has emerged as a reliable method that can overcome some of the limitations in traditional automatic personal identification technologies. Moreover, increasing security concerns – ranging from individual identity theft and corporate security to national security – are driving the biometric market. According to the research report entitled "Global Biometric Forecast to 2012," the global biometric market is forecasted to grow at a CAGR of around 18 percent from 2010 to 2012.
The research has found that the Middle East and Africa is one of the fastest growing markets for the deployment of biometric technologies. The willingness of Gulf States to embrace biometric technologies places the region at the forefront of next-generation security implementations. The research projects that the biometric market in the MENA region will grow at a CAGR of more than 22 percent during the forecast period.
Besides MENA region, the report analyzed other major markets such as North America, South America, Europe and Asia-Pacific to recognize the present and future biometric market trends at the regional level. The report further studies the global biometric market by segmenting it into various subsegments by technology, by application and its usage across a wide range of industries.
"Global Biometric Forecast to 2012" is a comprehensive review of the global biometric market, with focus on its future growth and application areas. Thorough evaluation of the current industry trends and developments has been done to facilitate clients understand the market dynamics and opportunity areas.