Biometric Solution Market Projection
Global Biometrics, Mobility, and Identity Industry Leaders Convene as Mobile Transactions Surge Towards $1 Trillion in Annual ValueBiometrics UnPlugged: Mobility Rules, a first-of-its-kind Executive Forum organized by Acuity Market Intelligence and findBIOMETRICS, gathers experts from around the globe for a highly interactive forum on biometrics as a strategic enabler of the mobile revolution and cloud-based identity.
Global Market for National eID Programs to Reach $11 Billion Annually by 2013 Europe has the Highest National eID Country Adoption Rate, While Asia Dominates the National eID Market in Volume and Revenue Share
Asia Pacific to Issue Nearly 55 Million EPassports Annually by 2014 Twenty-Six Asia Pacific Nations will Issue EPassports by 2014 Accounting for 84% of the Region's Total Passport Issuance and 42% of EPassports Issued Globally
Asia-Pacific ePPs & eVisa Revenues Asia Pacific Dominates Global ePassport & eVisa Market With $4.2 Billion Annual Revenues by 2014 at a CAGR of 47%
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Worldwide ID Solutions Demand Curves
Demand Curves indicate the relative intensity of market demand for a given class of solutions within a specific market sector over a given period of time. They are not specifically correlated to actual revenue for a given market nor do they indicate relative scale of one market sector to another.
The three key Public Sector Demand Drivers are: 1) Integrated eBorders—the full scope of electronic and automated border control management including travel documents, transportation worker IDs, vehicle access, immigrant Visas and IDs, and expedited passenger systems, 2) eID—includes national and other identity cards, benefits distribution, voter registration, drivers licenses, and other physical and virtual credentials, and 3) eGovernment—fully transactional interactive service delivery for citizens and commercial entities.
Post 9/11, 3/11, 7/7 terrorist fears along with US-VISIT and other international border control requirements have increased demand for integrated eBorders solutions worldwide. The initial demand peak has already begun in Europe and the US and will remain in force through 2013. The subsequent demand curve for eID solutions–which benefits from the systems architected for use in integrated eBorders applications–peaks around 2010. Demand for eGovernment will lag sustaining peak demand around 2017 as the authentication implications of large-scale, transactional eGovernment systems are recognized and solutison implemented. As millions of citizens worldwide rotuinely rely on biometrically enabled identificiaotn to travel, identify themselves in vriaous ways, and interact and transact with local, regional and federal governments daily, human-machine authentication will become an integral aspect of 21st century government.
Commercial market demand will revolve around opportunities for 1) Enterprise Security - which includes physical and logical access for employees and third parties (customers, vendors, etc.) as well as credentialing and surveillance, 2) Information Transactions – corporate and personal access to travel, financial and healthcare information, business account, supplier and customer information, as well as IP management for technical, scientific and research firms, and 3) Financial Transactions – consumer, business to business, ATM, and inter-bank transactions. As security threats multiply and various forms of identity theft, fraud, and abuse schemes proliferate, biometrics will offer an extremely cost-effective and truly reliable alternative to more traditional and less secure and convenient forms of authentication.