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Mobile Biometrics Market to Grow Exponentially, Says Report
August 26, 2019
According to a report by Frost & Sullivan, government bodies in the Asia-Pacific region are heavily investing in biometric technologies for key identification projects such as ePassports and national ID cards. This is expected to play a pivotal role in growing the 5.39 billion USD market to 21.19 billion USD market in 2025.
The report said that public sector biometrics generated 79.4% of the revenue while the remaining 20.6% was generated by the private sector. It also said that the biggest technology in the domain is a fingerprint sensor which generated 2.5 billion USD in government projects, and 700 million USD in private sector projects.
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