Introduction
The growing demand for highly effective security systems is
seeing the rapid uptake of biometric technologies in all
industries. This is accelerating the growth of the biometrics
industry with an increased focus on investment and innovation. At
least one estimate expects the industry to grow from $32.48 billion
in 2022 to $59.32 billion by 2026, with Asia Pacific expected be
the fastest-growing region over this period.1
As biometric technology is dependent on use of biometric
information comprising an individual's physical and/or
behaviour attributes, and which is sensitive personal information,
the industry is under intense scrutiny to ensure that use of such
technologies is compliant with data protection and privacy laws,
and more generally, consistent with stakeholder expectations
regarding handling of personal information.
