Biometrics is the measurement and statistical analysis of people's unique physical and behavioral characteristics.
The technology is mainly used for identification and access control or for identifying individuals who are under surveillance..
Hence, biometric stocks have the potential to provide healthy returns over the next several years.
A recent study published by Global Industry Analysts Inc. highlighted how the global biometrics market is expected to steamroll to the $44.1 billion mark by 2026.
A recent study published by Global Industry Analysts Inc. highlighted how the global biometrics market is expected to steamroll to the $44.1 billion mark by 2026.
The U.S. and China will lead the market and are expected to generate $5.7 billion and $7.3 billion, respectively.
Though it generates most of its revenues from the government sector, it has begun seeing amazing success in the commercial biometrics field.
It provides a comprehensive suite of I.D. verification and management platforms for physical and digital front security.
Hence, AWRE stock is a fascinating biometrics play with plenty of upside potential.
Sign Me Up! Biometric technology has become a security staple in our everyday lives and is likely to expand further as the technology improves.
From fingerprint readers and facial recognition to body scanners and more, it has become entrenched in the lives of the modern consumer.
