Biometric Market Forecast
The biometrics solution value chain illustrates the iterative nature of the evolution of biometric-based solutions. It also provides the basis for understanding that the value of biometric core technology - hardware, software, algorithms and devices - represents only a fraction of the overall value of the biometrically enabled, or identification solutions marketplace.
While the conceptual progression across the value chain from core technology to
total solution seems intuitive, its practical application is convoluted at best.
Individual vendors and solutions providers often lack a clear sense of how they
fit into this progression and subsequently what is required of them to be successful.
One of the most critical challenges facing industry players today is not only to
understand how this value chain operates in regards to providing customers with
genuine solutions to their problems but also how to develop a successful market
Strategy that leverages their position along the chain.