Global Palm Vein Biometrics market: Trends and Growth (10.26% CAGR) Segments Forecast 2016-2020

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.

Technavio’s 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

Technavio's 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.

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Key vendors
• BioEnable
• Fujitsu
• M2SYS
• Tyco

Other prominent vendors
• IdentyTech Solutions
• iDLink Systems
• Imprivata
• Mantra Softech
• Matrix Security Solutions

Market driver
• Availability of cost-effective and user-friendly security solutions
• For a full, detailed list, view our report

Market challenge
• Privacy issues with biometric data
• For a full, detailed list, view our report

Market trend
• Emergence of multi-factor authentication
• For a full, detailed list, view our report

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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Table of content

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: Explore Technavio 

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