Saudi biometrics market gains ground, expected to reach USD 1.5 bln by 2019

Friday 22 August 2014 14:02 CET | News

The biometrics market in Saudi Arabia has begun registering a boost, due to the increase in IT spending and the rise in adopting biometrics technology across different industrial sectors, a recent research indicated.

A Saudi Gazette report shows that the Saudi biometrics market is still in its blossoming stage, after a 3% contribution in the global market. However, the market is expected to register growth in investments, government projects, the expansion of IT sector and the introduction of e-passports and visas.

This growth is expected to reach USD 1.5 billion by 2019. This lead will be mainly controlled by fingerprint biometrics technology, which is already being adopted in the country.

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Keywords: Saudi, biometrics, USD 1.5 bln, online security, web fraud, digital identity
Categories: Fraud & Financial Crime
Countries: World
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Fraud & Financial Crime

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