The next five years will see the authentication market nearly double, a Yankee Group report said Thursday. Spending levels for authentication systems and tools will rise from this year’s $1.4 billion to $2.4 billion in 2008, the report said. The figure represents a compounded annual growth rate of 11.5 percent, well ahead of other tech segments. Homeland Security spending will power much of the climb, kicking it toward higher gear almost immediately. Next year’s $36 billion budget for the Department of Homeland Security includes $823 million for information infrastructure, with border security getting a $373 million spending cap. Both areas will be seeking to enhance authentication procedures. Full Story
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