International Biometric Group Releases Biometric Market Report 2003-2007; Industry
Revenues Projected to Exceed $4 Billion in 2007
ARLINGTON, Va., Sept. 23, 2002 -- International Biometric Group
(IBG) announces the release of its Biometric Market Report 2003-2007, the
industry's most comprehensive and authoritative analysis of biometric
technologies, applications, and markets. The Report provides critical
post-9/11 market data and real-world guidance to biometric technology
deployers, developers, investors, and researchers.
Highlights include annual revenue projections from 2002 through 2007 for
the 9 leading biometric technologies, the 7 leading biometric applications,
and the 5 leading biometric verticals. Each market segment features in-depth
analysis of growth drivers and inhibitors, leading vendors and technologies,
and critical deployments. In addition, the Report includes exclusive research
on the biometric industry's "Top 20" vendors.
Among the Report's high-level findings are the following:
-- Global 2002 industry revenues of $600m are expected to reach $4.04b by
2007, driven by large-scale public sector biometric deployments, the
emergence of transactional revenue models, and the adoption of
standardized biometric infrastructures and data formats.
-- Fingerprint-based technologies accounted for $467m of 2002 industry
revenues, far and away the largest technology segment. This growth is
attributable to the wide range of applications in which fingerprint-
based solutions operate effectively. Among emerging biometric
technologies, Facial-Scan and Middleware are projected to reach $200m
and $215m, respectively, in annual revenues in 2005. Iris-Scan is
projected to reach $210m in annual revenue in 2007.
-- Civil ID and PC / Network Access will be the leading biometric
applications over the next five years, expected to account for nearly
$2b in combined annual revenues in 2007. Physical Access / Time and
Attendance will reach $245m in annual revenues by 2004, with
Surveillance and Screening applications projected to reach $49m in
annual revenue in 2004.
-- Government Sector will be the leading biometric vertical market
through 2007 with $1.2b in annual revenues. Financial Sector and
Travel and Transportation follow with $672m and $556m, respectively,
in 2007. The various scenarios in which government agencies must
identify and authenticate both citizens and employees, particularly
subsequent to 9/11, is a critical growth factor.
Biometric Market Report 2003-2007 is written by biometric professionals
with years of hands-on experience with all leading biometric technologies.
IBG's real-world understanding of biometric systems, deployment environments,
and market drivers provides unparalleled industry insight to Report
purchasers.
Report length: 270 pages, 85 figures and charts
A top line media overview can be obtained by contacting Jacqueline Lucas
at jlucas@biometricgroup.com or (212) 809-9491.
About International Biometric Group
International Biometric Group is the leading biometric integration and
consulting firm, addressing the identification and authentication needs of
mid- to large-sized organizations. IBG works on behalf of both private and
government clients to evaluate, design, and integrate biometric solutions for
Internet applications, public sector programs, network security, point of sale
applications, physical access, and smart card systems. Learn more at
http://www.biometricgroup.com .
CONTACT: Jacqueline Lucas, International Biometric Group,
PH: 212-809-9491. http://www.biometricgroup.com jlucas@biometricgroup.com.
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SOURCE International Biometric Group
Web Site: http://www.biometricgroup.com
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