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Key technologies serve as backbone for emerging industries.

Posted: 26 Jan 2011 ?? ?Print Version ?Bookmark and Share

Keywords:biometrics? voice recognition? market report? has added a report from BCC Research to its collection of electronics commerce and IT outsourcing market reports titled "2010 Information Technology Research Review."

IT covers a very wide spectrum of activity it could be misleading to generalize. However, the researchers say that in 2010, the importance of key technologies such as search and voice recognition has increased, and they are forming the backbone for several emerging industries.

The global market for voice recognition technologies will grow at a compound annual growth rate (CAGR) of 8.8 percent between 2010 and 2015, according to BCC Research. The market is estimated at $38.4 billion in 2010, and it is expected to reach $58.4 in 2015.

The total global market for retail technologies at the storefront, including point-of-sale terminals, electronic fund transfer point-of-sale terminals, self-checkout terminals, and mobile self-scanners, is estimated at nearly $7 billion in 2010 and is expected to reach $9.5 billion in 2015, a CAGR of 6.3 percent.

And the market for Automated Fingerprint Identification System (AFIS) and fingerprint biometric technologies account for the greatest share of the global biometrics market and is forecast to continue to be the main source of overall market revenues from 2010 to 2015 and beyond. This sector is estimated at $2.7 billion in 2010 and is seen to increase at a 19.6 percent CAGR to reach nearly $6.6 billion in 2015.

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