Tuesday October 2, 9:43 am Eastern Time
Press Release
SOURCE: International Biometric Group

International Biometric Group Releases Biometric Market Report 2000-2005
Biometric Industry Revenues Projected to Grow from $399 Million in 2000 to $1.9 Billion in 2005

NEW YORK--(BUSINESS WIRE)--Oct. 2, 2001--There has been a great deal of attention on biometrics as a solution in air travel, immigration, and other areas where authentication and identification are critical.

Though biometrics have been used for years in hundreds of high-profile deployments, with millions enrolled in public and private sector biometric systems, the size, composition, and growth of the biometric industry are not widely known. Furthermore, there has been little discussion of the future applications for which biometrics are best-suited.

International Biometric Group's Biometric Market Report 2000-2005 (246 pages, 75 charts) provides a comprehensive analysis of revenues, growth trends, and industry developments in the current and future biometric marketplace. The Report is essential reading for institutions deploying biometric technology, investing in biometric companies, or developing biometric solutions. Selected data from Biometric Market Report 2000-2005, as well as information on purchasing the report, are available at www.biometricgroup.com.

Among the Report's top level findings are the following:

• Biometric revenues are expected to grow from $399.4 million in 2000 to $523.9 million in 2001, with 2005 revenues surpassing $1.9 billion
• Large-scale public sector biometric usage, currently 70% of the biometric market, will be surpassed by private sector deployments by 2003
• Biometrics sales for PC/network access will reach $423 million in 2005
• The two industry verticals that will adopt biometrics most rapidly are financial services and health care, with revenues increasing at average annual rate of 72% and 56% respectively
• Hardware and packaged software solutions will comprise a comparatively smaller portion of biometric revenues. Instead, new service models will leverage a burgeoning biometric infrastructure comprised of finger-scan readers, telephones, signature tablets, and video cameras. Today's leading biometric companies will face increased merger and acquisition possibilities, as well as competition from much larger technology firms entering the biometric market.

The Report addresses dozens of questions and provides detailed financial statistics fundamental to understanding the biometric market:

• What factors will drive growth in key verticals such as Financial Services, Health Care, Transportation, and Government?
• What market share will leading biometric technologies - Finger-Scan, Facial Recognition, Iris-Scan, Voice-Scan, Hand-Scan, Signature-Scan, Middleware, Keystroke-Scan, and AFIS -- capture over the next five years?
• What are the projected revenues for biometric applications such as PC/Network Access, Physical Access, Citizen Identification, Retail/Point of Sale, e-Commerce, Surveillance, and Criminal Identification?
• How will developments in the biometric middleware and services market affect industry growth?
• How will revenues be generated in the biometric industry over the next five years?

The purchase price for the Report is $3995.

About International Biometric Group

International Biometric Group is the leading biometric integration and consulting firm, addressing the identification and authentication needs of mid to large size organizations. IBG works on behalf of both private and government clients to evaluate, design and integrate biometric solutions for Internet applications, public sector programs, network security, point of sale applications, physical access and time & attendance systems. Learn more at www.biometricgroup.com.

Contact: 

International Biometric Group
Public Relations Department
212-809-9491