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SUMMARY
Need for Secure Solutions Contends With Reduced IT Spending Accounting scandals combined with the 9/11 tragedy have compelled companiesto reduce investment in IT infrastructure hindering the growth of the signatureverification biometrics market. This challenge can be overcome as biometricsignature verification is still seen as a trustworthy and feasible solution fordocument and transaction authentication. With multiple opportunities in thefinancial and health sectors, the market can create demand by emphasizing itsadvantages of reliability and cost effectiveness. This Frost & Sullivan research analyzes the global market for signatureverification biometrics dividing it into two broad segments: transactionalauthentication and wireless device security. The financial and healthcareverticals have been analyzed for potential growth and development. This researchprovides an insight into the key market drivers and challenges that face themarket. Recent trends and developments in various application segments have alsobeen discussed. Cost Savings and Quick Return on Investment To Push Signature VerificationBiometrics Solutions Even in the face of slashed IT expenditure, companies are realizing theimportance of workflow automation. This application is expected to push thedemand for signature verification biometrics. Unlike static signatureverification that considers only the explicit form of the signature; dynamicsignature verification (DSV) measures the manner in which the signature wasactually made. "The significant cost saving associated with the move to paperlessoffice environments has prompted a search for technologies that help inachieving this goal," says the analyst of this research service."Signature verification biometrics, with its ability to provide securesolutions along with significant cost savings has emerged as a viableoption," he adds. Non-biometrics static signature verification solutionscurrently utilized in banks may pose a threat, but the balance between cost andsecurity provided by DSV is likely to create wider acceptance for signatureverification biometrics. Reference Sites and Standardization May Popularize Signature VerificationBiometrics Technology Signature verification biometrics is a relatively new market. Therefore,end-users need to be convinced about its effectiveness as an economicalalternative to other options such as static signature verification solutions.Reference sites depicting successful implementations may prove to be animportant awareness-generating tool. "Clients need to be convinced furtherregarding the possible return on investment and cost savings," explains theanalyst. "Leveraging the cost savings made by current users would be anideal way to increase awareness and acceptability among potential users,"he notes. The biometrics signature verification market can create demand in areas suchas workflow automation and electronic transactions that require secure andaccurate technology. The healthcare vertical can also be a major contributor,with the Health Insurance Portability and Accountability Act (HIPAA) coming intoforce. With IT spending likely to expand in the next 2 to 3 years, signatureverification biometrics may gain popular acceptance. TABLE OF CONTENTS
- EXECUTIVE SUMMARY
- Market Overview
- Introduction
- Competitive Analysis
- Major Research Findings
- Opportunities and Forecasts
- Conclusions
- TOTAL WORLD SIGNATURE VERIFICATION MARKET
- Overview
- Introduction
- Market Drivers
- Industry Challenges
- Market Engineering Analysis
- Forecasts and Trends
- Market Forecasts
- Market and Technology Trends
- Competitive Analysis
- Competitive Structure
- Distribution Channel Analysis
- Application Market Analysis
- Overview
- Transactional Authentication
- Wireless Device Security
- Other Applications
- Vertical Market Analysis
- Overview
- Financial
- Healthcare
- Other Verticals
- Frost and Sullivan Awards
- Growth Strategy Leadership Award
- GEOGRAPHIC REGION ANALYSIS
- Overview
- Introduction
- Market Trends
- Analysis by Geographic Region
- North America
- Europe Middle East and Africa
- Asia Pacific
- Latin America
- APPENDIX
- Decision Support Databases
- Number of Physicians
- Number of PDAs
- Number of Commercial Banks
- Number of Enterprises
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