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Burgeoning threats sees Asia Pacific market growth

Thursday, March 11, 2010

Frost & Sullivan has released a new report projecting the Asia Pacific region to see major growth in the biometrics industry due to an increasing number of security threats seen recently. The 2009 revenues in the biometrics market for the Asia Pacific region were over $165 million, but Frost & Sullivan project that number to hit $700.7 million by 2015.

The report specifies countries such as India where biometrics appears to be well on its way as a standard technology being used for security purposes in government buildings, military installations, laboratories and hospitals thanks to government backing.


Other aspects they attribute to the growing revenues in the region they attribute to public awareness and acceptance of the benefits of biometrics systems and high research and development activity in biometric system development. Despite this, however, the report also touches on aspects that will continue to hinder biometric progress in the region citing things such as high cost of adoption during an economic downturn and the requirements in manpower to get new systems integrated.

A separate and more regionally unique reason why the biometrics market could meet some push back in the Asia Pacific region is due to cultural issues. For instance, in countries such as Japan, Taiwan and South Korea it is considered unhealthy to use a fingerprint scanner that has been used by other strangers.

Despite this, Frost and Sullivan expect to see simple solutions to these issues with biometrics developers creating workarounds utilizing other common technologies such as mobile phones and PDAs as well as a push for other biometric modes such as voice authentication. [end] 

Lieberman Software Corp. has partnered with Aquion to resell the Lieberman’s identity management and security management products.

Aquion was chosen as a partner to target the Asia Pacific region, most specifically Australia, New Zealand and India. Recently Lieberman has noticed a demand for privileged account password management technology in that region which is why they called upon the Asia-Pacific supplier Aquion to expose and support their products.

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Demand for contactless smart cards in the Asia-Pacific (APAC) region is expected to take off in 2012, according to a new report from Frost & Sullivan. The research firm says completion of several key government-led projects will trigger the growth, including NFC, e-passports and mass transit.

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Gartner has released a new report naming the Asia-Pacific region as the leading market for mobile payment adoption, with the number of users in the region predicted to increase by 50% from 41.8 million last year to 62.8 million by the end of 2010, according to ZDNet Asia.

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RNCOS, a consulting firm, has announced it expects the financial sector to be a potential driver of biometric technology adoption in the global market.

The reposts stated that biometrics will be used to fight fraud the the industry will see a compound annual growth rate of 18% for the global biometrics market through 2012.

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Ceelox has announced that it has finished development of a prototype application that would use Ceelox’s fingerprint biometrics to enable biometric authentication in online environments such as corporate intranets, cloud computing networks and commercial applications like online banking and other personal account-based access.

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Frost & Sullivan has released a new report predicting a 6.2% jump in South Korea’s shipment of smart cards in 2010, rebounding from last year’s slump in demand. By the close of 2010, an estimated 49.6 million units are expected to be shipped, up from 46.7 million in 2009.

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