Global Palm Vein Biometrics Market 2016-2020

  • ID: 3678131
  • Report
  • Region: Global
  • 56 pages
  • TechNavio
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FEATURED COMPANIES

  • BioEnable
  • Fujitsu
  • IdentyTech Solutions
  • iDLink Systems
  • Imprivata
  • M2SYS
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Palm Vein Biometrics

Security of data and assets is a key concern for enterprises, banks, government organizations, telecommunication, and hospitals as well as for individuals. Keys, identity badges, and numeric keypads have been used traditionally to prevent unauthorized access.

With technological advances, two-factor authentication was introduced, where individuals gain access to secure premises after they are authenticated twice on the basis of hardware devices and numeric codes. However, it was easy for hackers to gain access to hardware devices and obtaining numeric codes, which increased security risks.

Palm vein recognition is a contactless technology that compares the palm vein scan stored in the database with the image of palm veins of an individual captured at that instant. This technology is being used by organizations in sectors such as BFSI, transportation, utilities, government, and payment card for identification and authentication of individuals to deter fraudulent activities.

The analysts forecast the global palm vein biometrics market to grow at a CAGR of 22.46% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global palm vein biometrics market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of palm vein biometric systems.

The market is divided into the following segments based on geography:

- North America
- APAC
- Europe
- South America
- MEA

The report, Global Palm Vein Biometrics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

- BioEnable
- Fujitsu
- M2SYS
- Tyco

Other prominent vendors

- IdentyTech Solutions
- iDLink Systems
- Imprivata
- Mantra Softech
- Matrix Security Solutions

Market drivers

- Availability of cost-effective and user-friendly security solutions

Market challenges

- Privacy issues with biometric data

Market trends

- Emergence of multi-factor authentication

Key questions answered in this report:

- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • BioEnable
  • Fujitsu
  • IdentyTech Solutions
  • iDLink Systems
  • Imprivata
  • M2SYS
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market description
  • Workflow of palm vein biometric systems
  • Advantages and disadvantages of palm vein biometrics
  • Applications of palm vein biometrics
PART 06: Market landscape
  • Market overview
  • Palm vein recognition technology in global biometrics market
  • Global palm vein biometrics market
PART 07: Life cycle analysis

PART 08: Market opportunities and developments
  • Emergence of mobile biometrics
  • Internet of Things (IoT)
  • Contactless payments
PART 09: Market segmentation by end-user
  • Segmentation of global palm vein biometrics market by end-user
  • Global palm vein biometrics market by BFSI sector
  • Global palm vein biometrics market by education sector
  • Global palm vein biometrics market by healthcare sector
PART 10: Geographical segmentation
  • Segmentation of global palm vein biometrics market by region
  • Leading and emerging countries
PART 11: Buying criteria

PART 12: Value chain

PART 13: Market trends
  • Growing adoption of multimodal biometrics
  • Emergence of multi-factor authentication
  • Emergence of SSO
  • Emergence of palm vein biometrics in different sectors
PART 14: Market challenges
  • Privacy issues with biometric data
  • Vulnerability of biometric systems
  • Lack of established international standards
  • High TCO
PART 15: Five forces model

PART 16: Vendor landscape
  • Competitive scenario
  • Product offerings
  • Vendor description
  • BioEnable
  • Fujitsu
  • M2SYS
  • Tyco
  • Vendor matrix
  • Competitive rating
  • Partnerships
  • Other prominent vendors
PART 17: Appendix
  • List of abbreviations
PART 18: About the Author

List of Exhibits

Exhibit 01: Workflow of palm vein biometric systems
Exhibit 02: Global palm vein biometrics market
Exhibit 03: Palm vein recognition technology in global biometrics market 2015 and 2020 (% share)
Exhibit 04: Global palm vein biometrics market 2015-2020 ($ millions)
Exhibit 05: Life cycle analysis
Exhibit 06: Segmentation of global palm vein biometrics market by end-user 2015-2020 (% share)
Exhibit 07: Global palm vein biometrics market by BFSI sector 2015-2020 ($ millions)
Exhibit 08: Global palm vein biometrics market by education sector 2015-2020 ($ millions)
Exhibit 09: Global palm vein biometrics market by healthcare sector 2015-2020 ($ millions)
Exhibit 10: Segmentation of global palm vein biometrics market by region 2015-2020 (% share)
Exhibit 11: Segmentation of global palm vein biometrics market by region 2015-2020 ($ millions)
Exhibit 12: Palm vein recognition market comparison of leading regions 2015-2020 ($ millions)
Exhibit 13: Palm vein recognition market comparison of emerging regions 2015-2020 ($ millions)
Exhibit 14: Buying criteria
Exhibit 15: Value chain
Exhibit 16: Five forces analysis
Exhibit 17: Product offerings
Exhibit 18: Vendor matrix
Exhibit 19: Competitive rating
Exhibit 20: Partnerships
Exhibit 21: Other prominent vendors
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FEATURED COMPANIES

  • BioEnable
  • Fujitsu
  • IdentyTech Solutions
  • iDLink Systems
  • Imprivata
  • M2SYS
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: – Global Palm Vein Biometrics Market 2016-2020

The author of the report recognizes the following companies as the key players in the Global Palm Vein Biometrics Market: BioEnable, Fujitsu, M2SYS, and Tyco.

Other Prominent Vendors in the market are: IdentyTech Solutions, iDLink Systems, Imprivata, Mantra Softech, and Matrix Security Solutions.

Commenting on the report, an analyst from the research team said: “Multi-factor authentication is a verification technique that uses two or more different authentication methods such as PINs, one-time passwords, and biometrics. Multi-factor authentication acts as an additional security layer and makes it difficult for an unauthorized person to access a database, physical location, or computing device. Multi-factor authentication solutions incorporate the use of different biometric technologies to authenticate payment transactions on mobile devices such as smartphones, tablets, and laptops.”

According to the report, a number of construction and manufacturing utilities are likely to adopt palm vein recognition technology due to its user-friendliness. Any cuts, bruises, or dust on the hands of a worker might prevent him from gaining access to secure premises using fingerprint recognition technology. Palm vein recognition technology does not have this problem.

Further, the report states that privacy issues with biometric data hinders the market growth.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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1h Free Analyst Time

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- BioEnable
- Fujitsu
- M2SYS
- Tyco
- IdentyTech Solutions
- iDLink Systems
- Imprivata
- Mantra Softech
- Matrix Security Solutions
Note: Product cover images may vary from those shown
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