Vein Pattern Recognition Market - Global Industry Size, Share, Trends 2018

The wide acceptance of biometrics such as facial recognition, fingerprinting, iris recognition, and hand geometry have already stormed the global biometrics market. However, the new vein recognition biometrics technology, with its unique features, is expected to create its mark in the biometrics market. Of all the latest biometrics technologies, vein pattern recognition is one of the fastest growing new entrants in this market.

The vein pattern recognition technology works on the principle of identification of the subcutaneous vein patterns in the hand. As the user places his or her hand on the scanner, the infrared light locates the vein and the red blood cells (RBCs) present in such veins absorb the light. After the vein template is acquired, it is compared with the previously stored database to identify the person.

Get FREE Sample PDF file of Vein Pattern Recognition Market :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=901

The major drivers contributing to the growth in demand for vein pattern recognition technology are factors such as its user friendliness, safety, and the low false rejection rate. Innovation in the field of fusion of this technology, with other biometrics recognition methods such as hand and fingerprinting methods, hold tremendous market opportunity in the future. The major hurdle in the growth of this market is the cost involved in comparison with other biometrics solutions.

The different types of vein recognition technologies are finger vein, palm vein, wrist vein and backhand vein recognition. At present there are a few Asian market players who have dominated this market. Such players are Fujitsu Limited, Techsphere Company Limited, and Hitachi Limited. Countries in South East Asia and Middle East have already begun to adopt this technology in their operations.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.