Emergence of video surveillance cameras and electro-mechanical locks for physical access and logical access control is siting for a huge market growth by 2018.
Vancouver, Canada (PRWEB) July 30, 2013
The forthcoming major events “Sochi Winter Olympics 2014 & FIFA World Cup 2018” would prosper surge in physical access and logical access control system requirements in Russia during 2013-18. The market for physical access/attendance and logical access control are growing since its adoption in Russia biometrics market, in which, fingerprint recognition technology remained dominant throughout the year. It has also been observed that security spending by Russian federation is uplifting swiftly in defence, commercial and residential security applications. Growing number of smart phones, PC’s and tablet users have also reflected the need for more secured biometric applications in Russia and rest of the world.
According to the recently published report by TechSci Research “Russia Biometrics Market Forecast & Opportunities, 2018”, fingerprint recognition technology has maintained its pace in all applications in Russia, majorly for access control systems and is anticipated to gain more credibility towards its growth in physical access/attendance, logical access control and government applications. Russia federation has already introduced its biometric passports since 2009 and aiming to achieve more security in the country. BioLink Solutions Systems, Prosoft Systems, Elsys Corp., Sonda Technologies and ARMO-Systems are the leading players, which are contributing towards Russia’s biometrics market.
Central region is expected to generate highest revenues for biometrics in Russian market. On the other hand, North Caucasus region will be growing because of major events, which is expected to be held in this region. Reason is also accredited to the growing IT security market and consequential accession in imports of security systems eyeing the impending of the Sochi Winter Olympics event during 2014 in Russia.
“Emergence of video surveillance cameras and electro-mechanical locks for physical access and logical access control is siting for a huge market growth by 2018. In Russia biometrics market, the surge for demand is expected in Iris and Vein recognition technology, especially in defence and commercial security applications due to its considerate acceptance worldwide.” said Mr. Karan Chechi, Research Director with TechSci Research a research based global management consulting firm.
“Russia Biometrics Market Forecast & Opportunities, 2018” has evaluated the future growth potential of biometrics market in Russia and provides statistics and information on market structure, market trends, market size, etc. The report includes biometrics projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities available in biometrics market in Russia.