2016 biometric market exceeds 900 million U.S. dollars

Biometrics technology mainly refers to a technology that uses human biometrics for identity authentication. Biometrics here are usually unique (different from others), can be measured or can be automatically identified and verified, heritable or lifelong. The core of the so-called biometrics is how to obtain these biometrics, convert them into digital information, store them in computers, and use reliable matching algorithms to complete the process of verifying and identifying individuals. Recently, a research company stated that it is estimated that by 2016, the world's biometric identification market will exceed 900 million U.S. dollars.

2016 Asia Pacific biometrics market will exceed US$900 million

According to the latest analysis of Frost & Sullivan, the revenue of biometric technology market reached 500 million U.S. dollars in 2011 and is expected to grow at a compound annual growth rate of 12.6% to reach 905 million U.S. dollars by 2016. With the development of many emerging economies in the Asia-Pacific region, national identification and the construction of border security infrastructure are very necessary. Therefore, compared with the North American, Middle East and European markets, the biometric technology market in the Asia-Pacific region will usher in a faster growth rate.

Susan Sahayan, a research analyst at Frost & Sullivan, said: “Many countries in the Asia-Pacific region have started implementing national ID programs to identify and track militants. However, due to the global financial crisis, tight government budgets, and the implementation of comprehensive Biometric systems require a high initial investment and many projects have been postponed or put on hold."

About Biometrics and Its Development

Due to the human body's unique and non-replicable uniqueness, the biological key cannot be copied, stolen, or forgotten. Biometrics are more secure, confidential, and convenient than traditional methods of identification. Biometrics technology has the advantages of being not easily forgotten, having good anti-counterfeiting performance, being not easy to be forged or stolen, being “carried” with it, and being available anywhere at any time.

The earliest development in China's biometric identification industry was fingerprint recognition technology, which was basically synchronized with foreign countries. It began as early as the beginning of the 1980s and mastered the core technologies. The industry is relatively mature. In China, the research on biometric authentication techniques such as face recognition, iris recognition, and hand shape recognition was conducted after 1996. In 1996, Tan Tieniu, the current Deputy Secretary-General of the Chinese Academy of Sciences and Director of the National Key Laboratory of Pattern Recognition, joined the 100-person Plan of the Academy of Sciences and resigned from the University of Reading in the United Kingdom as a tenured post. He opened up an international identity based on human biometrics. The research direction of the new disciplines in the frontier field has begun the research on the biometrics recognition fields such as human face, iris and palmprint in China.

At present, the Institute of Automation of the Chinese Academy of Sciences is China's most authoritative biometric identification and scientific research institution, and has achieved domestic or international leading research results in the fields of face recognition, iris recognition, fingerprint recognition, and palm print recognition. Relying on scientific research results of biometric identification in top domestic scientific research institutes and famous universities, Beijing Zhongke Hongba, Beijing Traveler, Zhongkeaosen, Beijing Digital Express, Peking University Hi-tech, Hangzhou Zhongzheng Biological Certification Co., Ltd., Shanghai Yinchen Technology A group of high-tech companies in the field of biometrics, such as Daocengqi, slowly developed and led the development of the industry.