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Saturday, May 13, 2006

The global market for biometrics

The commercial uses of biometrics are especially bright for unmanned checks. For example, there is a prototype built for frequent flyers – an iris scan identifies the passenger and updates miles earned per flight without requiring the frequent flyer ID card. Employee attendance can also be easily taken care of through biometrics; eliminating ‘buddy punch-in’ tactics. Statistically, the global market for biometrics is poised to hit $3.6 billion in 2008 (Frost & Sullivan). “Security companies should invest in biometric technologies to offer more comprehensive product portfolio,” says Sapna Capoor, Frost & Sullivan. And with such rich revenue predictions, it seems to be one of the best times security companies have had since the Y2K bug hype. So finger up everybody!....

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Source :- IIPM Editorial, 2006

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