Middle East region is emerging as a key growing region in global biometrics market, where countries such as UAE, Turkey and Saudi Arabia are exhibiting tremendous growth in overall biometrics market. Amongst all Middle East countries, Saudi Arabia is one of the fastest growing biometrics markets. The market for biometrics in Saudi Arabia is incrementing on the back of increasing IT spending, growth registered in biometric based access control systems, and increasing adoption of biometrics technologies across industry verticals.
According to 6Wresearch, Saudi Arabia’s biometrics market is projected to reach $1.5 billion by 2019. Fingerprint recognition technology occupies lion’s share in the overall market due to its ease of usage, cost efficiency and higher return on investments. Though, fingerprint technology market is anticipated to remain dominant during 2014-19, but higher growth rates are expected from other biometrics technologies such as face and IRIS recognition.