Palm Vein Biometrics Market is anticipated to grow up to USD 67.7 billion by 2031

The global palm vein biometrics market was valued at USD 17.4 billion in 2021 and it is anticipated to grow up to USD 67.7 billion by 2031, at a CAGR of 14.5% during the forecast period.

Global Palm Vein Biometrics Market report from Global Insight Services is the single authoritative source of intelligence on Palm Vein Biometrics Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Request Sample Report : https://www.globalinsightservices.com/request-sample/GIS10217

Palm vein biometrics is a contactless and biometric authentication technology that compares the image of the palm vein scan of the individual captured at that instant to the image of the palm vein scan stored in the database. It uses vascular patterns as personal identification data. It is the secured technology and is difficult to forge as the data is retrieved from the body. Thus, it finds its applications in banking & finance, consumer electronics, commercial security, gaming sector, healthcare, and others. Innovations in the biometrics and scanning technologies make way for palm vein biometrics market growth.

Market Trends and Drivers

Surging adoption of biometric identification systems in BFSI, healthcare, and commercial sectors is anticipated to fuel the market growth, The use of biometrics in banking increases because consumers understand its potential as a predominant method of identifying themselves to access banking services such as branch banking, online banking, ATM networks, and mobile banking. Palm vein biometrics is used in the healthcare industry. It offers unique advantages to achieve and sustain 100% accurate patient identification and patient safety in healthcare and improve revenue cycle management. Palm vein identification has several commercial applications, such as stadiums and retail sectors. In July 2017, the BioSec Group’s installation of a biometric palm vein authentication system at the Hungarian Groupama Arena put an end to the football spectator violence that would occasionally occur at the 23,500-seat soccer stadium.

Buy Now : https://www.globalinsightservices.com/checkout/single_user/GIS10217

Global Palm Vein Biometrics Market Segmentation

Product

  • Software &Services
  • Hardware

Authentication

  • Unimodal biometric system
  • Multimodal biometric system

End-use

  • BFSI
  • Government & defense
  • Aerospace
  • Automotive
  • Consumer electronics

Major Players in the Global Palm Vein Biometrics Market

The key players in the market are Aware Inc., Accenture PLC, ASSA ABLOY AB, Fujitsu Ltd., Idemia, NEC Corporation, Nuance Communications Inc., Thales Group, Stanley Convergent Security Solutions Inc., Leidos Holdings and Megvi (Face++), among others.

Request For Customization : https://www.globalinsightservices.com/request-customization/GIS10217

With Global Insight Services, you receive:

• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

%d bloggers like this: