North American Biometrics Market Witnesses Growth Spurt, Finds Frost & Sullivan

The North American biometrics market is likely to experience a steady growth rate, with national ID projects, e-Passports, and other security projects spearheading market growth. Trends indicate that the industry has evolved a great deal over the past 5 years due to the increased accuracy rates and performance levels of the technology. Biometric standards, cost versus performance benchmarks, and interoperability issues have enabled high uptake in civil and commercial applications even as fraudulent activities and identity thefts continue to cost institutions significant revenue losses.

New analysis from Frost & Sullivan (http://www.autoid.frost.com), North American Biometrics Market, finds that the market earned revenues of $364.4 million in 2009 and estimates this to reach $1,588.6 million in 2016.
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