Biometrics Intruding into Public, Private Sectors for Identity RecognitionBy: Shushmul Maheshwari
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Biometrics Intruding into Public, Private Sectors for Identity Recognition
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The global biometric market is estimated to have closed at nearly US$ 3 Billion in 2007, and is projected to grow at a CAGR of more than 20% by 2012, said “Global Biometric Forecast to 2012”, a new research report by RNCOS.
Over the last few years, biometrics has transformed in past few years from a technology used in a narrow band of closed environment applications into useful, feasible and fit-for-purpose tool used in various industries and applications. Moreover, as the technology offers accurate, reliable and cost-effective ways to improve security surveillance, the adoption of biometrics in both private and public sectors globally has gone up significantly.
According to the RNCOS research, rising security concerns, such as individual identity theft, and corporate and national security, are the key factors boosting growth of the biometric market. Thus, an increasing number of countries are using biometrics to identify their citizens. Besides, new anti-terrorist legislation in the US forced the government to mandate the use of biometrics in visa and passport, resulting in drastic growth of the global biometric market. Realizing the sensitivity of the issue of national security, many other governments are also following the same.
With rising use of key biometric technologies like hand geometry, iris technology and finger recognition by the government, the global biometric market is expected to witness moderate growth in coming years, said the report.
“Global Biometric Forecast to 2012” provides comprehensive information on various biometric technologies as well as their rising applications in different areas. It also contextualizes the role of technology in improving the security of both private and public sectors. It highlights the countries paying a great deal of attention to the application of biometric technology across a wide range of industries.
In addition, the report thoroughly analyzes the global biometric market and discusses its current and future scenario on the basis of regions. It underlines the future potential areas and key issues critical for the development of the market. The report also gives forecast on biometric by technology, biometric by application and biometric by region.http://www.rncos.com/ |
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| Keywords |
Global Biometric Forecast to 2012, Biometric, Biometric Industry, Biometric Technologies, Global Biometric Market |
| Category |
Business |
| Submission Date |
Apr 25, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
| 1. |
Branded Clothes Demand Rising in Vietnam
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With growing brand awareness, fashion consciousness and rising demand for quality clothes, sales of clothes in Vietnam are projected to grow at a CAGR of around 15% by the end of 2012, says “Vietnam Retail Analysis (2008-2012)”, a new research report from RNCOS.
The report further says that while Vietnam’s domestic garment market is largely export-oriented, local demand for better quality clothing is also keeping pace with rising brand awareness and consumer-oriented society.
Domestic textile/garment industry recorded sales growth at the rate of more than 15% per year, accounting for one fourth of the total production in the country. Popular fashion brands such as Giordano, Mango, D&G, Gucci, Bossini and Valentino have been well accepted by Vietnamese, but genuine label products are still unaffordable for most of the people. Interestingly, Chinese brands like Bossini, Giordano and Mango received good response from people living in big cities owing to their affordable price range.
As Vietnam has recently acquired the WTO membership, growth prospects for its textile/garment industry have boosted as it can increase exports to the US and Europe (the biggest export markets for Vietnam) without any quota limitations. Besides, rise in textile exports will also enable Vietnam to generate more jobs and increase foreign exchange. In the backdrop of these factors, the Vietnamese apparel industry is expected to grow at a CAGR of 9.95% from 2007 to 2011.
“Vietnam Retail Analysis (2008-2012)” gives exhaustive research and rational analysis on fast changing retail industry in Vietnam. The report studies key facts and issues related to Vietnam retail industry such as market size and scope of retail industry, major retailers, their presence and strategies employed by them. It also discusses present and past market trends, opportunities and challenges to enable clients align their investment strategies accordingly.
The report also provides forecast on various segments of Vietnam retail industry, including disposable income, total retail sales, retail sales of footwear, retail sales of cosmetics and toiletries and retail sales of household cleansing products.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM097.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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Deprecating Lira Improves Tourists Inflow to Turkey
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RNCOS has released a new research report, “Turkey Tourism Industry Forecast to 2012”, which says various ad campaigns and depreciation in the Turkish lira against Euro and Dollar are driving the tourism industry in Turkey. Even in an environment of global financial crisis, when the tourism industry all around the world have shown downtrend, the number of international tourist arrivals to Turkey rose 0.27% year-on-year to 898,927 in February 2009.
This significant growth in the number of tourist arrivals is due to a series of successful ad campaigns by the tourism authorities. Recently, Turkey has launched an ad campaign “The Unlimited Turkey” to target travelers from the US, Canada and Mexico. The ad campaign is depicting Turkey’s heritage, culture, landscapes and other tourist spots to attract travelers. It is using all mediums of communication, including television, print and prominent outdoor locations.
Besides, the deprecation in Turkish lira against Euro and Dollar has made holidays in Turkey more affordable compared to holidays in Spain, Italy and France. The Turkish lira has recently dropped by more than 20% in value, making Turkey one of the world's most affordable places for European tourists.
“Turkey Tourism Industry Forecast to 2012”, provides in-depth analysis of present status and future prospects of tourism industry in Turkey. It thoroughly studies the industry with focus on various parameters like inbound & outbound tourism, expenditure by inbound & outbound tourists, type of tourism, accommodation facilities and aviation industry. The report also provides strategic insight to clients to evaluate the opportunities for their success in the Turkish tourism industry.
The research also includes forecast on vital aspects of the industry such as tourist arrivals in Middle East, tourist arrivals in Turkey, tourism receipts, outbound tourism, outbound tourism expenditure, consumer expenditure in hotels & restaurants, number of hotels by 2010, population breakup and personal disposable income.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM009.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 3. |
Indian Credit Card Spending to Grow at 19%
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According to our new research report, “Indian Payment Card Market Forecast to 2012”, payments through credit cards at point of sales (POS) terminals is projected to surge at a CAGR of about 19% in the next few years. The projected growth rate is significantly low compared to the previous growth of more than 30%, which has largely been hit by the current financial crisis affecting the Indian economy.
In past few years, credit card market has shown remarkable developments. Banks had issued more than 27 Million credit cards at the end of FY 2008, but the number has dropped in current fiscal as the current liquidity crunch has made banks more cautious on their move regarding credit card issuance. “Banks are reviewing their credit card limits in wake of the economic slowdown and credit crunch to reduce the possible risk of defaults to its existing and potential new customers. It doesn’t mean that banks will stop issuing new cards”, says a Senior Research Analyst at RNCOS.
Our report has done thorough analysis of the possible consequences of downturn on the Indian credit card market. “One should understand the fact that the credit card spending is not going to halt, but the growth will slowdown and consumers will be more cautious on their spending” says the Analyst. Consumers are still using credit cards for payment transactions. Credit card payment transactions stood at over Rs 228 Billion at the end of FY 2008. In first eight months of the FY 2009, the spending grew by more than 23% compared to the same period last fiscal, and we see double digit growth in this spending during forecasted period.
“Indian Payment Card Market Forecast to 2012” provides extensive research and rationale analysis on the payment card market in India. Having adjusted to the current market situation, the report reveals that the number of credit card issuance is projected to grow at a CAGR of nearly 15% in the forecasted period. Various factors responsible for this future growth and possible deterioration have been thoroughly covered in the research.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM006.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 4. |
Chinese Software Revenue to Surge at 30% by 2012
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According to our new research report, “China Software Market Forecast to 2012”, the total revenue from software products in China is forecasted to grow at a CAGR of more than 30% by 2012, making it the most promising segment in terms of future growth. In 2008, the revenue from software products stood at more than 316 Billion Yuan. With a market share of around 42% in 2008, this segment continues to dominate the Chinese software industry revenue.
The report attributes this dominance to the booming Chinese economy coupled with rapid industrialization, which has been compelling companies to migrate from their traditional business practices to IT-enabled solutions. “This rapid transformation is resulting into growing demand for various kinds of application and system software products in China, making it the largest revenue generator for the Chinese software industry”, says a Senior Research Analyst at RNCOS. Various vertical segments, including government, retail, manufacturing, healthcare, telecommunication, have emerged as the potential consumers of software products in China.
At a regional level, our research shows that Guangdong surpassed Beijing in 2008 by generating more than 101 Billion Yuan in software products revenue. Moreover, several other regions such as Inner zone and Shaanxi Province have reported unprecedented growth. The Analyst also added “With more and more SMBs expected to use IT-enabled business solutions to cut conventional costs amidst economic downturn, it will add to the burgeoning demand for software products in the country”.
In addition, “China Software Market Forecast to 2012” studies the Chinese software industry by segregating it into revenue from various segments, including revenue from systems integration, embedded system software, software technology services and IC designing. It contains extensive research on each of these segments, covering the future growth potential along with rationale reasoning.
It also provides an insight into the software industry by verticals and studies the key opportunity areas that have emerged due to the fast growth in the Chinese software industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM005.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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Economic Downturn Fails to Impact Turkish Pension Fund Market
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According to our latest research report on the Turkish pension fund market titled “Turkey Pension Fund Market Forecast to 2013”, even in an environment of global financial crisis, when pension funds all around the world have shown a tendency to contract, the situation is completely different in Turkey because investors are making conservative choices and investing in treasury bonds and state bonds.
The number of people who participated in pension funds during 2008 reached nearly 1.74 Million, while the total value of the pension funds jumped to 6.4 Billion Turkish lira, an increase of 32% compared to a year earlier. The growth trend witnessed last year is expected to continue in the forecast period. The number of pension fund participants is projected to grow at a CAGR of 28.5% between 2009 and 2013.
Over 80% of the pension funds have been invested in public borrowing instruments or in fixed yield investment vehicles such as reverse repo. Meanwhile, the share of pension funds invested in equity stands at only about 11%. The prudent investment style has helped the funds to maintain their value and not bear big losses. We expect that investors will continue to follow the similar path in coming years.
“Turkey Pension Fund Market Forecast to 2013” contains detailed information about the pension market in Turkey and broadly discusses its various segments. The report also studies the Turkey’s pension market structure along with market trends such as life expectancy, healthcare spending, investment strategy, social security reforms and Islamic bonds. It will help clients to analyze the leading-edge opportunities critical to the success of emerging private pension market in the country.
The report also gives an insight into the regulatory environment and forecasts on several parameters like market participants, potential prospects, pension fund investments and prospective investments.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM022.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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