Identica Holdings Corporation
a climbing demand curve for eID solutions which will benefit from the systems designed for use in integrated eBorders applications. Demand for eGovernment will lag as the authentication implications of large scale, fully transactional eGovernment systems are not yet fully understood. When tens of millions of citizens worldwide are interacting and conducting business with local, regional, and federal governments daily, and when the required large-scale system knowledge is acquired through border and eID solutions, machine-human authentication will become an integral aspect of twenty-first century government
Commercial
Commercial market demand will revolve around opportunities for enterprise security and secure information and financial transactions. Enterprises security includes physical and logical access for employees and third-party suppliers. Information transactions include IP management for scientific and professional research firms, as well as personal access to travel, financial, and healthcare information. Financial transactions include consumer, business-to-business, ATM, as well as inter-bank transactions.
Driven by growing demand for security, analysts predict that by 2020 biometric will become mainstream and ubiquitous. Another Acuity report says that by that time biometrics will be a key enabler of trusted transaction control for data access and flow for consumer, commercial, and government applications. The research firm makes these key forecasts:
- Commercial deployment revenues will begin to supersede public sector revenues in 2012 and will represent more than 52 percent of the total global market for biometrics core technology by 2015. Overall market dominance will shift from Europe (and the greater EMEA region) and the United States (and the greater North America region) to Asia (and the greater Asia Pacific region). By 2014, the Asia Pacific Region will generate the greatest revenues for the biometrics industry.
- Transactions will ultimately provide the majority of industry revenue. Information and financial transactions for commercial applications by 2012 and eGoverment for public sector applications by 2015.
Acuity sees these trends in the biometric market:
- The entry of sophisticated, well funded market players with technology expertise in high resolution image capture, large scale data management and high speed processing, and pattern recognition and matching algorithms from varied fields such as robotics, astronomy, and intelligent video elevate technological capability and provide the knowledge which will afford the industry a sustained growth.
- Contactless, user acquiring biometrics will become a preferred method of authentication for two primary reasons. Capture technology will become increasingly more sophisticated, operating accurately regardless of environmental conditions. Biometric authentication which does not require the
