International. Market research company Frost & Sullivan determined that rising rates of crime and terrorism have helped accelerate the adoption of biometrics in the Asia-Pacific region (which includes Mexico, Chile, and Peru), particularly in the government market.
In its recent study "An Analysis of the Biometrics Market in the Government Vertical in Asia-Pacific," Frost & Sullivan noted that in 2011 the market had revenues in the $500 million range and is expected to grow at a compound annual growth rate of 12.6% through 2016.
That region will continue to grow because many countries are still emerging economies, which are creating infrastructure and need to strengthen it through strong national identification and border control systems. Frost & Sullivan estimates that the region will grow at a faster rate than the rest of the world.
Although tight budgets can create obstacles to biometrics adoption, Frost & Sullivan values that integrated biometric features and multiple authentication offerings can be advantageous in accelerating the adoption process.
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