Biometrics Technology Market
Although Biometrics Technology is efficient and consistent, its installation costs are prohibitively expensive for small-scale industry players. Each biometric technology has a different price tag, such as iris recognition systems, which range between US$105 and US$200. There are several low-cost alternatives to biometrics technology, such as username and password, authentication tokens such as smart cards, standalone tokens, and so on, and knowledge-based authentication systems, among others. As a result, these factors are expected to limit the global Biometrics Technology Market growth during the forecast period.
