Market set for 21% growth
Biometric Technology Today · 2011
The biometrics market is predicted to grow from $4,217.2m in 2010 to $11,229.3m in 2015, at an estimated CAGR of 21.6% from 2010 to 2015 according to “Global Biometrics Technology Market (2010–2015) Market Forecast by Products, End-User Application and Geography' published by Markets and Markets. The growth of the biometrics market is mainly due to increasing concerns about strengthening national security, says the report's authors.