Increasing security concerns, lack of data protection and mounting cyber crimes in China is raising the demand for biometric solutions, according to Research and Markets. The biometric solutions are been adopted by various government agencies and corporate to suppress security concerns. The installation of biometric solutions has been proved prolific in streamlining the production, cash flow and eventually enhancing the revenues. Fingerprint identification market captures the highest market share in China biometrics market in terms of revenue earned during 2012, which can be mainly attributed to its economical pricing and maximum usage in access control and time & attendance systems applications. China has also declared about implementation of its national ID project across country by 2013 which will give the much awaited thrust to the industry. The report identifies that fingerprint identification market in China is anticipated to grow at the CAGR of around 38%, reaching up by six folds revenue by the end of 2018. Anhui, Shandong and Shanghai are the leading provinces of eastern region, generating highest revenue in biometrics market when compared with other regions in the country. According to researchers, One of the other large biometric projects is e-passports, which is primarily to be implemented in Shaanxi province in northern region and would act as the main growth driver for biometrics market in the next five years.
