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Industry: biometrics business valued at $10 billion by 2018

According to a new report published by Global Industry Analysts, Inc., the President and CEO of biometrics firm SmartMetric posits that the industry will be worth $10 billion by 2018. 

SmartMetric, of course, “stands to capitalize significantly on this very large and fast growing market,” so perhaps that projection should be taken with a grain of salt.

But specific figures aside, the industry is undoubtedly booming, and in large part due to US military and law enforcement biometrics programs.

The FBI’s Next Generation Identification biometrics effort, housed in the Center for Biometric Excellence at the FBI-DoD operated Biometrics Technology Center, is the largest domestic operation. Local law enforcement are increasingly also using advanced biometric monitoring equipment, including face recognition and iris scanners.

If you are worried about how powerful biometrics technologies might be used in your city or state, click here to find out how to get involved at the local level to ensure police transparency and democratic accountability.

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