- The Law Enforcement Biometrics market in North America is expected to grow at a CAGR of 16.98 percent during the forecast period of 2013-2018.
London, 06 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Law Enforcement Biometrics Market in North America 2014-2018. The report outlines various growth opportunities in the market. Integration of biometrics in smart cards is one of the emerging trends in his market. The intersection of biometrics and smart cards for projects such as those that deal with the upgrade of the driver’s license and passport is supporting the growth of the market.
The main end-users of biometrics in North America are governments and private organizations. Governments are searching for security tools that can accurately identify suspected terrorists. Private organizations such as banks are looking for solutions/services that will offer enhanced convenience for users, which in turn will help organizations retain customers and acquire more customers. Therefore, these organizations need technologies that can offer them significant cost benefits and a competitive advantage.
“The increasing number of security threats against North America over the years has made security a primary concern. The rate of terrorist attacks and data thefts is increasing, increasing the need for high-level security,” says Faisal Ghaus, Vice President of TechNavio Research.
“The rapidly growing Law Enforcement and Homeland Security sectors face a growing number of security threats. Factors such as these have increased the demand for biometrics in North America.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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