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Fear of identity theft and personal information security threats continue to rise fueling the growth of the biometrics market all over the world. The international Biometric Group (IBG), a New York market research firm, estimates the U$1.6 billion global biometric market will grow to U$5.3 billion by 2010. While many believe the international market growth is slower than adoption in the United States, in fact, the international market is growing at a fast rate and there is something the United States can learn from the overseas acceptance of biometrics.

 

 

(Unit : million US Dollar)

 

2005

2006

2007

2008

2009

2010

   South America

137.0

186.7

254.5

345.3

431.7

515.8

   Asia-Pacific Rim

372.4

488.4

640.9

836.8

1,006.9

1,158.0

   Middle East / India

160.0

226.9

321.0

450.6

581.5

715.9

   Europe / Australia

257.0

338.8

446.9

586.7

709.9

821.1

   North America

524.8

688.6

904.2

1,181.4

1,422.4

1,637.0

   Africa

87.7

126.2

180.8

256.8

334.7

415.8

(Source : IBG, 2005)