Authentication Systems Spending to Double in Five Years

Jul 25, 2003 12:00 PM

The authentication market will nearly double in the next five years, according to a recent report by the Yankee Group, Boston.

Spending levels for authentication systems will rise from $1.4 billion this year to $2.4 billion in 2008, the report says. The rise in spending translates into a compounded annual growth rate of 11.5 percent -- a figure well ahead of other technology segments.

Much of the climb comes from increased Homeland Security spending. The department's $36 billion budget next year includes $823 million for information infrastructure, with border security getting a $373 million spending cap. Both are areas that are seeking to enhance authentication procedures.

The government will additionally spend more in the authentication field on improved state driver's licenses, enhanced passport security and tougher procedures in immigration control, the report says.

Other authentication approaches, such as biometric identifiers, authentication tokens, smart cards and badges, third-party certification and data mining, are all appropriate for government and enterprise networks, and vendors have a chance at grabbing a piece of the growing market.

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© 2012 Penton Media Inc.

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