Millburn, NJ (PRWEB) March 24, 2011
Asia Pacific ePassport production will more than triple from 2009 to 2014 growing from 16.6 million to 55 million biometrically enabled ePassports issued annually. New forecasts from Acuity Market Intelligence project that the Asia Pacific ePassport market will represent an increasing percent of the global market for ePassports as unit market share grows from 27% in 2009 to 42% by 2014. Growth in regional unit issuance outpaces growth in global unit issuance by a factor of 3 to 2. Altogether, there will be twenty-six Asia Pacific nations producing ePassports by 2014 accounting for 84% of the region's total passport issuance.
These forecasts are based on Acuity Market Intelligence's latest market research "The Asia Pacific ePassport and eVisa Industry Report". Acuity is an emerging technology strategy and research consultancy with a proven record of accurately anticipating biometric and electronic identity market trends.
"Asia's growth is no surprise as electronic identity programs are ultimately population driven and more than one third of the world's population resides in this region," says Acuity Principal, C. Maxine Most. "We expect emerging regional economies to drive accelerated demand for ePassports as the number of Asia Pacific citizens traveling abroad for business and pleasure dramatically increases over the next five years."
"The Asia Pacific ePassport and eVisa Industry Report" is the first in a series of regionally based ePassport and eVisa market analyses Acuity will publish in 2011. These reports offer lucid, unbiased, insight and analysis and provide previously unpublished critical data and statistics on regional ePassport and eVisa markets. This unprecedented series of reports offers Acuity's trademark brand of hype-free insight into the marketplace for the development of secure electronic passports and visas including a comprehensive opportunity analysis and targeted revenue forecasts for 2009 to 2014.
A single user license for "The Asia Pacific ePassport and eVisa Industry Report" can be purchased for $5000 US. The Market Overview and Analysis is available for $1995 US. To order, preview, or get more information on "The Asia Pacific ePassport and eVisa Industry Report", contact Acuity at +1 303 449 1897 or info(at)acuity-mi(dot)com, or visit http://www.acuity-mi.com/APePPeV_Report.php
About Acuity Market Intelligence
Acuity Market Intelligence (http://www.acuity-mi.com) is an emerging technology strategy and research consultancy with a proven record of accurately anticipating biometric and electronic identity market trends. The company provides strategic planning, market research and analysis, sector tracking, opportunity sizing, solution, and deployment analysis, due diligence, executive briefings, and customized consulting. Founded in October 2001, Acuity is headquartered in Millburn, New Jersey, USA with clients in the United States, Asia and Europe.
For further information, please contact:
Acuity Market Intelligence
+1 303 449 1897
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