Oscar.
This might be good or bad. Don't take your tax deduction yet.
Tuesday October 14 8:03 AM EDT
Company Press Release
Frost & Sullivan: Biometrics to Guard Against Fraud:
Identification Security On the Horizon
MOUNTAIN VIEW, Calif., Oct. 14 /PRNewswire/ -- Imagine being able to access your ATM
account using only your thumb print, or an image of your retina. Banking and credit card institutions are only a few industries currently test-piloting biometrics as a weapon against rising fraud levels. Other applications for biometrics include network or computer security, welfare program beneficiary identification, drivers licenses, national ID cards, and law enforcement's automated fingerprint identification system.
According to recent strategic research by Frost & Sullivan (www.frost.com), the World Biometrics Identification Markets, specifically the equipment and software markets, are expected to grow from $103 million in revenues in 1996 to $170 million in 2003, a compound annual growth rate of 7.5 percent over the forecast period. Several factors characterize the current competitive environment of the biometrics industry including market fragmentation, uncertain industry structure, and limited financial resources.
This research provides an in-depth analyses of the six major biometric technologies including hand-geometry, fingerprint, retina, voice, face and signature. Forecasts through the year 2003 are given for each individual technology, along with an explanation of key market drivers, issues, and trends. New product and marketing ideas are explored as well as new sales strategies and improvements by
competitive benchmarking.
World Biometrics Identification Markets gives revenue and market trends for five major applications (access control/time & attendance, law enforcement, government, network security and financial) in four geographic regions (North America, Europe, Asia Pacific, and Latin America).
According to Roberto Torres, Frost & Sullivan automatic identification industry research analyst, ''The underlying driver in the commercial arena is the business community's search for tools which can prevent fraud. Problems stemming from false identification of individuals have seriously hurt the financial industry, government agencies and business establishments for decades.''
This automatic identification industry research has integrated the Market Engineering consulting philosophy into the entire research process. Critical phases of this research included: Identification of
industry challenges, market engineering measurements, strategic recommendations, planning and market monitoring. All of the vital elements of this system help the market participants navigate
successfully through the automatic identification market.
Technologies covered in this report include: world hand geometry biometrics equipment, world fingerprint biometrics equipment, world retina biometrics equipment, world voice biometrics equipment,
world face biometrics equipment, and world signature biometrics equipment.
Companies participating in the market include: Manufacturers, AEA Technology, Autosig Systems, Inc., Cadix International, Inc., Cambridge Neurodynamics, Ltd., Checkmate Electronics, Inc.,
Communication Intelligence Corporation, Cross Check Corporation, Digital Biometrics, Inc, EyeDentify, Inc., FingerMatrix, Inc., Identicator Technology Identification , Technologies International, Inc., Identix, Inc., International Electronics, Inc., Miros, Inc., The National Registry, Inc., PenOp, Inc., Printrak International, Inc., PrintScan International, Quintet, Inc., Recognition Systems, SQN Peripherals, Inc., Startek Engineering, Inc., Ultra-Scan Corporation, Veritel Corporation, Viisage Technology (Division of Lau Technologies), Voice Strategies, Inc., VoicePrint Security Systems, Start-Up Manufacturers, Advanced Precision Technology, BioMet Partners, Inc., British Technologies Group (BTG), Ltd., Biometric Security Systems, Ltd., Cogent Systems, Inc, ColourByte Computing Corporation, Comparator Systems Corporation, Cross International Engineering Company, Harris Corporation Corporate Headquarters, ImEdge Technology, Inc., International Automated Systems, IriScan, Inc.,
Jasper Consulting, Inc., Keyston Manufacturing, Ltd., Micro Identification Systems, Inc., WD Biometric ID Equipment, Mytec Technologies, Inc., Personix, Ltd., Sensar, Inc., Technology
Recognition Systems, Inc., Xenetek Corporation, Systems Integrators, Accu-Time Systems, Inc., BT Laboratories, Controlled Access, Diebold, Inc., EDS (Electronic Data Systems), Fingerscan, Ltd., Honeywell, Inc./Corporate Development, IBM Corporation, Lockheed Martin IMS, Morpho Systems, NEC (Nippon Electronics Corporation), North American Morpho Systems, Oracle Corporation, Security by Design, SEPT, Siemens Nixdorf, Totally Managed Security, Inc., Industry Publications,
Access Control (and Security Systems Integration), Biometric Digest, Biometric Technology Today, Personal Identification News (PIN), Security Distribution and Marketing (SDM), Security Management, Industry Organizations, American Society for Industrial Security, Security Industry Association, Underwriters Laboratories
Frost & Sullivan is an international marketing consulting company that monitors the automatic identification industry for market trends, market measurements, and strategies. This ongoing research is
utilized to update a series of research publications such as #5513-11, World Barcode Equipment Markets, and to support industry participants with customized consulting needs.
Report: 5701-11 Publish Date: October 1997
Visit Frost & Sullivan's web site at: frost.com
SOURCE Frost & Sullivan |
