World Market for Dynamic Signature Verification to Reach $130 Million by 2015, According to New Report by Global Industry Analysts

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Driven by growing concerns over national security, online fraud, and rising incidences of fake identification, world market for Dynamic Signature Verification (DSV) is forecast to reach $130 million by the year 2015. Future demand is expected to stem from virtually all end-use industries including financial, banking, insurance, legal, defense, governmental, and retail.

Dynamic Signature Verification: A Global Market Report

In an increasingly insecure and atrocity ridden world, there is a more pressing need than ever before, to protect businesses against fraudulent activities, misappropriation, and embezzlements. The need for advanced identity management solutions at competitive prices is therefore acute in a myriad range of applications and vertical markets. Earlier it was only the large and medium sized private financial institutions and banks that were on the risk radar, but today the situation appears to have changed dramatically. Not only are the smaller, low stake businesses and banks also at equal jeopardy, but frequently even more so as the level of security is relatively less stringent. Therefore, the most obvious need of the hour is to immediately put in place and incorporate highly sophisticated, yet economical and effective authorization and verification measures for personal, business, data and transaction protection.

Rapid advancements in technology and digitization of systems and mechanisms have played a major role in the advancement and propagation of DSV concept. The drive towards a paperless and secure working environment has pushed the need for a digital signature system well into the forefront. Proliferative growth of Information Technology has paved the way for greater usage, implementation and acceptance of digital signature verification among various segments of the economy. Federal requirements, governmental promotion and adoption of electronic signature verification technologies, rapid advancements in technology and digitization of systems, mandatory usage in document verification, aviation and security areas, drive towards a standardized and advanced information sharing platform, are all factors which are expected to support growth in the market in the upcoming years. Additionally, initiatives towards complete adoption of biometrics by countries around the world, for instance, the implementation of the Biometric National ID in UK, which has become compulsory since 2008, will help step up growth patterns.

World market for Dynamic Signature Verification in transactional authentication is expected to grow at an impressive rate over the years 2006 through 2015, as stated by the recent report published by Global Industry Analysts Inc. Strongest gains are projected to stem from the Government End-Use Market. In the Wireless Device Security application market sales are projected to increase steadily between the period 2010 and 2015.    

Key players dominating the market include - Advanced Software Design Corporation, Communication Intelligence Corporation, Cyber SIGN Inc, Dynamic Biometric Systems Inc, Parascript LLC, ProgressSoft Corporation, SOFTPRO GmbH, SQN Banking Systems, WonderNet Ltd, ACECAD Enterprise Co. Ltd, Interlink Electronics Inc, UC-Logic Technology Corp, and Wacom Co. Ltd, among others.

The report titled "Dynamic Signature Verification: A Global Market Report" published by Global Industry Analysts Inc., provides a comprehensive review of the industry, market trends, issues, challenges, and drivers, end-use and application overview, profiles of major players, and recent industry activity. The study quantifies latent demand potential in key application markets, such as, Transactional Authentication, and Wireless Device Security, among others. End-Use verticals analyzed include - Financial, HealthCare, and Government, among others. Quantitative analysis is also provided for major geographic market verticals including the United States, Canada, Europe, and Asia-Pacific, among others.

For more details about this research report, please visit http://www.strategyr.com/Dynamic_Signature_Verification_DSV_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

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