The global biometrics market is forecast to report strong growth over the next six years as companies develop their biometrics systems to commercialise their products and expand rapidly. The global biometrics market is at an early commercial stage and as a result a significant number of companies are seeking funding to exploit the market potential. The industry at the current time is highly fractured with no leading company emerging.
AOptix has taken US$42 million to verify people are who they say they are. Veritix is talking authentication to the next level by recording your image and voice and as a result has just accepted an investment of U$2.4 million. Biometric startup Validity Sensors has also received US$12.6 million to develop PC safety systems. In addition, Google has recently purchased Viewdle for US$30 million.
The global biometrics market is therefore seeing a significant level of investment recently and the industry was valued at US$5.2 billion in 2012. By 2019, the global biometrics market is forecast to be worth US$16.7 billion. The increased use of electronic and mobile gadgets in people’s personal life poses an increasing problem over the protection of information. Biometric devices will help individuals protect their information.
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