The global palm vein biometrics market is expected to grow at a CAGR of 16.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing adoption of palm vein biometrics in various sectors such as banking and finance, healthcare, home security, commercial security, consumer electronics and education sector. The increasing adoption of palm vein biometrics in these sectors is due to its high accuracy rate and low cost-per-user ratio when compared with other biometric technologies such as fingerprint or iris recognition.
The global palm vein biometrics market by type is segmented into hardware (fingerprint scanners), readers (iris scanners), cameras (iris cameras) and software & service (software). The software segment accounted for the largest share in 2018 owing to its wide range of applications across various industries.
5a) Palm Vein Biometrics Market Growth Factors: Increased demand for palm vein authentication systems from banks and financial institutions due to their high accuracy rates (99%+) coupled with low costs (less than $100 per device) will drive market growth over the forecast period (2018-2025).
5b) Increased demand for palm vein authentication systems from hospitals due to their high accuracy rates coupled with low costs will drive market growth over the forecast period (2018-2025).
Some Of The Growth Factors Of This Market:
- The use of palm vein biometrics is increasing in the healthcare industry, as it is a more accurate and less invasive way to identify patients.
- The use of palm vein biometrics in the banking industry has increased due to its accuracy and low cost when compared to other biometric technologies such as fingerprint scanning.
- Palm vein biometrics are being used by law enforcement agencies for identification purposes, as they are difficult to forge or alter unlike fingerprints or facial recognition technology which can be altered with makeup or surgery respectively.
- Palm vein biometrics are also being used by law enforcement agencies for criminal investigations, as they can be collected from crime scenes without disturbing evidence and provide a more accurate match than fingerprints left at the scene of a crime which may have been smudged or distorted during collection process.
Industry Growth Insights published a new data on “Palm Vein Biometrics Market”. The research report is titled “Palm Vein Biometrics Market research by Types (By Hardware, Readers, Scanners, Cameras, By Software and Service, Operating Systems, Middleware, Intelligent Layers, System Integration, Software Platforms, Training And Post-Deployment Maintenance), By Applications (Banking And Finance Sector, Healthcare, Home Security, Commercial Security, Consumer Electronics, Education Sector, Gaming), By Players/Companies FUJITSU, M2SYS Technology, Hitachi, NEC, 3M Cogent, Safran, Mantra Infotech, IDLink Systems, BioEnable, Matrix Security Solutions, Identy Tech Solutions, PalmSure, Mofiria and Tyco”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm Vein Biometrics Market Research Report
By Type
By Hardware, Readers, Scanners, Cameras, By Software and Service, Operating Systems, Middleware, Intelligent Layers, System Integration, Software Platforms, Training And Post-Deployment Maintenance
By Application
Banking And Finance Sector, Healthcare, Home Security, Commercial Security, Consumer Electronics, Education Sector, Gaming
By Companies
FUJITSU, M2SYS Technology, Hitachi, NEC, 3M Cogent, Safran, Mantra Infotech, IDLink Systems, BioEnable, Matrix Security Solutions, Identy Tech Solutions, PalmSure, Mofiria and Tyco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Palm Vein Biometrics Market Report Segments:
The global Palm Vein Biometrics market is segmented on the basis of:
Types
By Hardware, Readers, Scanners, Cameras, By Software and Service, Operating Systems, Middleware, Intelligent Layers, System Integration, Software Platforms, Training And Post-Deployment Maintenance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking And Finance Sector, Healthcare, Home Security, Commercial Security, Consumer Electronics, Education Sector, Gaming
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FUJITSU
- M2SYS Technology
- Hitachi
- NEC
- 3M Cogent
- Safran
- Mantra Infotech
- IDLink Systems
- BioEnable
- Matrix Security Solutions
- Identy Tech Solutions
- PalmSure
- Mofiria and Tyco
Highlights of The Palm Vein Biometrics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Hardware
- Readers
- Scanners
- Cameras
- By Software and Service
- Operating Systems
- Middleware
- Intelligent Layers
- System Integration
- Software Platforms
- Training And Post-Deployment Maintenance
- By Application:
- Banking And Finance Sector
- Healthcare
- Home Security
- Commercial Security
- Consumer Electronics
- Education Sector
- Gaming
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Palm Vein Biometrics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Palm vein biometrics is a technology that uses the unique veins on your palm to authenticate you.
Some of the major companies in the palm vein biometrics market are FUJITSU, M2SYS Technology, Hitachi, NEC, 3M Cogent, Safran, Mantra Infotech, IDLink Systems, BioEnable, Matrix Security Solutions, Identy Tech Solutions, PalmSure, Mofiria and Tyco.
The palm vein biometrics market is expected to register a CAGR of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Palm Vein Biometrics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Palm Vein Biometrics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Palm Vein Biometrics Market - Supply Chain
4.5. Global Palm Vein Biometrics Market Forecast
4.5.1. Palm Vein Biometrics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Palm Vein Biometrics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Palm Vein Biometrics Market Absolute $ Opportunity
5. Global Palm Vein Biometrics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Palm Vein Biometrics Market Size and Volume Forecast by Type
5.3.1. By Hardware
5.3.2. Readers
5.3.3. Scanners
5.3.4. Cameras
5.3.5. By Software and Service
5.3.6. Operating Systems
5.3.7. Middleware
5.3.8. Intelligent Layers
5.3.9. System Integration
5.3.10. Software Platforms
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Palm Vein Biometrics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Palm Vein Biometrics Market Size and Volume Forecast by Application
6.3.1. Banking And Finance Sector
6.3.2. Healthcare
6.3.3. Home Security
6.3.4. Commercial Security
6.3.5. Consumer Electronics
6.3.6. Education Sector
6.3.7. Gaming
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Palm Vein Biometrics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Palm Vein Biometrics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Palm Vein Biometrics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Palm Vein Biometrics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Palm Vein Biometrics Demand Share Forecast, 2019-2026
9. North America Palm Vein Biometrics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Palm Vein Biometrics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Palm Vein Biometrics Market Size and Volume Forecast by Application
9.4.1. Banking And Finance Sector
9.4.2. Healthcare
9.4.3. Home Security
9.4.4. Commercial Security
9.4.5. Consumer Electronics
9.4.6. Education Sector
9.4.7. Gaming
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Palm Vein Biometrics Market Size and Volume Forecast by Type
9.7.1. By Hardware
9.7.2. Readers
9.7.3. Scanners
9.7.4. Cameras
9.7.5. By Software and Service
9.7.6. Operating Systems
9.7.7. Middleware
9.7.8. Intelligent Layers
9.7.9. System Integration
9.7.10. Software Platforms
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Palm Vein Biometrics Demand Share Forecast, 2019-2026
10. Latin America Palm Vein Biometrics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Palm Vein Biometrics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Palm Vein Biometrics Market Size and Volume Forecast by Application
10.4.1. Banking And Finance Sector
10.4.2. Healthcare
10.4.3. Home Security
10.4.4. Commercial Security
10.4.5. Consumer Electronics
10.4.6. Education Sector
10.4.7. Gaming
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Palm Vein Biometrics Market Size and Volume Forecast by Type
10.7.1. By Hardware
10.7.2. Readers
10.7.3. Scanners
10.7.4. Cameras
10.7.5. By Software and Service
10.7.6. Operating Systems
10.7.7. Middleware
10.7.8. Intelligent Layers
10.7.9. System Integration
10.7.10. Software Platforms
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Palm Vein Biometrics Demand Share Forecast, 2019-2026
11. Europe Palm Vein Biometrics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Palm Vein Biometrics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Palm Vein Biometrics Market Size and Volume Forecast by Application
11.4.1. Banking And Finance Sector
11.4.2. Healthcare
11.4.3. Home Security
11.4.4. Commercial Security
11.4.5. Consumer Electronics
11.4.6. Education Sector
11.4.7. Gaming
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Palm Vein Biometrics Market Size and Volume Forecast by Type
11.7.1. By Hardware
11.7.2. Readers
11.7.3. Scanners
11.7.4. Cameras
11.7.5. By Software and Service
11.7.6. Operating Systems
11.7.7. Middleware
11.7.8. Intelligent Layers
11.7.9. System Integration
11.7.10. Software Platforms
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Palm Vein Biometrics Demand Share, 2019-2026
12. Asia Pacific Palm Vein Biometrics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Palm Vein Biometrics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Palm Vein Biometrics Market Size and Volume Forecast by Application
12.4.1. Banking And Finance Sector
12.4.2. Healthcare
12.4.3. Home Security
12.4.4. Commercial Security
12.4.5. Consumer Electronics
12.4.6. Education Sector
12.4.7. Gaming
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Palm Vein Biometrics Market Size and Volume Forecast by Type
12.7.1. By Hardware
12.7.2. Readers
12.7.3. Scanners
12.7.4. Cameras
12.7.5. By Software and Service
12.7.6. Operating Systems
12.7.7. Middleware
12.7.8. Intelligent Layers
12.7.9. System Integration
12.7.10. Software Platforms
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Palm Vein Biometrics Demand Share, 2019-2026
13. Middle East & Africa Palm Vein Biometrics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Palm Vein Biometrics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Palm Vein Biometrics Market Size and Volume Forecast by Application
13.4.1. Banking And Finance Sector
13.4.2. Healthcare
13.4.3. Home Security
13.4.4. Commercial Security
13.4.5. Consumer Electronics
13.4.6. Education Sector
13.4.7. Gaming
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Palm Vein Biometrics Market Size and Volume Forecast by Type
13.7.1. By Hardware
13.7.2. Readers
13.7.3. Scanners
13.7.4. Cameras
13.7.5. By Software and Service
13.7.6. Operating Systems
13.7.7. Middleware
13.7.8. Intelligent Layers
13.7.9. System Integration
13.7.10. Software Platforms
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Palm Vein Biometrics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Palm Vein Biometrics Market: Market Share Analysis
14.2. Palm Vein Biometrics Distributors and Customers
14.3. Palm Vein Biometrics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. FUJITSU
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. M2SYS Technology
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NEC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. 3M Cogent
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Safran
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mantra Infotech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IDLink Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BioEnable
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Matrix Security Solutions
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Identy Tech Solutions
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PalmSure
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mofiria and Tyco
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
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