BUSINESS research and consulting firm Frost & Sullivan have conducted research on technologies such as automated fingerprint identification system (AFIS), non-AFIS, face recognition, iris recognition, signature verification, and voice verification.
The research comes at a time where the proliferation of faceless electronic transactions has heavily increased the number of fraudulent activities such as identity thefts.
Illustrating the extent of damage caused by e-crimes, Frost & Sullivan estimates that U.S. businesses and consumers ran up losses of approximately $80.0 billion in 2007.
So far, New York, California, Nevada, Arizona, Washington, and Texas have been identified as the states with the most victims, and nearly 91.0 percent of the victims expect a heavy increase in victimisation.
According to the research, such statistics have thrown access control technologies such as biometrics into the fore.
Biometrics is gradually breaking the confines of identity-related applications as well as cost barriers to find use in non-governmental sectors for a multitude of issues that cannot be solved by video surveillance techniques alone.
For example, Frost & Sullivan research analysts say that finger-scan techniques and voice verification are beginning to be used more commonly for remote access authenticating solutions
This Frost & Sullivan research service titled North American and European Biometrics Market - Investment Analysis provides the growth monitor, sector scorecard, venture capital scorecard, asset management scorecard, segment analysis, and investment themes.
More information on the research can be accessed at sit www.researchandmarkets.com/research/1f20ac/north
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