Interesting Facts25 Apr 2008 12:24
According to Frost & Sullivan, a worldwide renowned research institution, it is estimated that the integrated smartcards and biometrics technology market would skyrocket from 2007's US$ 249.1 million to US$ 822.2 million by year 2013.
Frost & Sullivan believes the market growth would benefit all value chain that supports an open-end platform for ease of additional future applications. Security is a major improvement, as single authentication procedure multiplies, at a relatively affordable cost.
Governments in the Asia Pacific region appear to be most active among the group in the smartcard integrated with biometrics implementation. The anticipated full implementation of e-passport this year would trigger an overall optimistic atmosphere in the industry. Coupled with the enormous interest presence for national ID cards, such as India, Malaysia, Japan and China, the benefits of integrated smartcards and biometrics setup is certainly a much more attractive option than the individual technology alone.