Signature Verification Biometrics Market to Overcome the Effect of Reduced IT Expenditures.Business Editors PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Feb. 18, 2004 Significant reduction in IT expenditures by several corporate and government enterprises due to slow economic growth posed a major challenge to vendors of signature verification biometrics. However, with customers realizing the need to cut down on costs, it is up to the signature verification biometrics market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. to convince potential clients of the cost savings and quick return on investments (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) achieved by implementing this technology. New analysis from Frost & Sullivan, World Signature Verification Biometrics Market (www.autoid.frost.com), reveals that this market accrued revenues worth $5.7 million in 2003 and is poised to expand to $123.3 million by 2009. "Though there has been a significant shift toward implementing paperless environment in offices, clients need to be further convinced about the possible return on investment and cost savings," explains Frost & Sullivan Research Analyst Deep Mehra. Considering the present economic slowdown, customers need to be convinced that the price to earnings ratio is favorable. By providing cost efficient solutions, signature verification biometrics could help customers achieve their goals. Signature verification biometrics vendors can positively influence potential users through reference sites that depict previous success stories. Exhibiting cost savings made by current users such as the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry would supplement marketing efforts, thereby increasing awareness and acceptability. "Signatures are considered to be the least intrusive form of authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. and enjoy a high degree of social acceptability," notes Mehra. "Thus, a move toward adopting signature verification biometrics for electronic transactions is expected to be smooth," he adds. Vendors may have to change the end-user's mindset mind·set or mind-set n. 1. A fixed mental attitude or disposition that predetermines a person's responses to and interpretations of situations. 2. An inclination or a habit. toward behavioral authentication techniques. With signatures changing over time, promoting this form of verification could be a challenge, especially to financial institutions with voluminous transactions. This creates a need for awareness of benefits to harbor the confidence of potential customers. Dynamic signature verification (DSV DSV Deep Submergence Vehicle DSV Diving Support Vessel DSV Dynamic Signature Verification DSV Dilute Solution Viscosity DSV Directia Sanitar Veterinara DSV Dive Surface Valve (rebreather) ) is a revolutionary solution that uses indicators of speed and pressure while verifying the signature, thereby preventing forgery forgery, in art forgery, in art, the false claim to authenticity for a work of art. The Nature of Forgery Because the provenance of works of art is seldom clear and because their origin is often judged by means of subtle factors, art and "forced" authentication. The U.S. eSign Bill and related legislation passed in late 2000 extended the legal status of handwritten hand·write tr.v. hand·wrote , hand·writ·ten , hand·writ·ing, hand·writes To write by hand. [Back-formation from handwritten.] Adj. 1. signatures to the electronic equivalent, thereby boosting growth of e-transactions. Standardization will be an added advantage to the high security solutions offered by the biometric signature An authentication method that uses the dynamics of a person's handwritten signature. The pen pressure and duration of the signing process, which is done with a stylus on a touch screen or digital-based pen tablet, is recorded as an algorithm that is compared against future signatures. verification market. It provides a wider choice to end-users both in the financial and healthcare verticals. Solutions offered by this market are expected to gain popularity in authenticating financial transactions over a range of electronic mediums such as mobile phones, Internet, and tablet PC's. With the Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when (HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, ) regulations coming into force, the healthcare segment is also expected to drive sales of the dynamic signature verification biometrics market. World Signature Verification Biometrics Market is part of the Global Biometrics Subscription, and is a comprehensive analysis of growth opportunities available to the relatively new signature verification biometrics market. Transactional authentication and wireless device security are the two major application segments that have been analyzed. This research service also provides an insight into the challenges and competitive scenario. The needs of the end user have also been put forth, thereby enabling participants to strategize strat·e·gize v. strat·e·gized, strat·e·giz·ing, strat·e·giz·es v.tr. To plan a strategy for (a business or financial venture, for example). v.intr. and plan marketing efforts effectively. Executive summaries and interviews are available to the press. If you are interested in an analysis overview which provide manufacturers, end-users and other industry participants an overview, summary, challenges and latest coverage of World Signature Verification Biometrics Market - then send an email to Julia Paulson - Industrial Media Relations Executive at jpaulson@frost.com with the following information: Full name, Company Name, Title, Contact Tel Number, Contact Fax Number, Email. Upon receipt of the above information, an overview will be emailed to you. Frost & Sullivan, an international growth consultancy, has been supporting clients' expansion for more than four decades. Our market expertise covers a broad spectrum of industries, while our portfolio of advisory competencies includes custom strategic consulting, market intelligence, and management training. Our mission is to forge partnerships with our clients' management teams to deliver market insights, create value, and drive growth through innovative approaches. Frost & Sullivan's network of consultants, industry experts, corporate trainers, and support staff spans the globe with offices in every major country. World Signature Verification Biometrics Market 6904 Keywords in this release: world, signature verification, biometrics, IT |
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