Study: Homeland Security to Spur Biometrics Growth
Research shows that government spending to integrate biometrics into border monitoring systems will push heady growth in the burgeoning sector.
Oyster Bay, N.Y.-based research firm Allied Business Intelligence (ABI) said the use of biometrics -- authentication technology that uses biological characteristics -- by government agencies like the Immigration and Naturalization Service (INS) will lend credibility to the burgeoning industry.
The INS plans to spend big to integrate biometrics into its systems to monitor U.S. borders, technology that will include fingerprint scanning, face-recognition and other biological characteristics to identify felons within a database.
This increased dependence on the technology to enhance U.S. homeland security operations is expected to serve as the "catalyst" for the biometric industry, according to the study.
The ABI study found that government agencies garnered 15 percent of the total biometric industry revenue for 2002 and the sector is expected to generate $153 million in total revenue by the end of 2003.
Between 2000 and 2007, ABI is projecting total biometric revenue will grow almost 50 percent, ABI said.
Industry watchers believe biometrics will play a major role in the computers, especially in the areas of e-commerce authentication.