openPR Logo
Press release

Vein Recognition Biometrics Market Segmentation By Component Software, Hardware, Services; By Type Palm Vein Recognition, Finger Vein Recognition, Eye-vein Recognition; By end user BFSI, Healthcare, Security, Consumer Electronics, Gaming;

11-01-2018 03:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Vein Recognition Biometrics Market Segmentation By Component

Vein Recognition Biometrics Market: Introduction

Vein recognition biometrics is used for high risk deployments generally where space is not an issue. They are most commonly used in banks for physical access control. But, like all biometric systems, advancement in technology and innovations in design and manufacturing have broaden the application areas for vein recognition biometrics.

Because of the sub-dermal nature of veins, vein recognition biometrics are considered as the most secure form of biometrics. Whereas other types of biometrics, particularly where the duplicate hardware or low grade hardware is used, have proven to have vulnerable risks, the vein patterns are virtually difficult to spoof, especially considering that some vein readers used in vein recognition biometrics require scanned veins to have blood flowing through them.

Request 100 Page Sample Report Now: https://www.factmr.com/connectus/sample?flag=S&rep_id=1829

The palm vein technology is mostly used in the vein recognition biometrics. The working of the palm vein biometric is based on equating and validating the stored vein pattern in the database with the vein pattern present in the palm of a person.

Vein Recognition Biometrics Market: Drivers and Challenges

The upcoming 2020 Tokyo Olympics is expected to contribute to the growth of the vein recognition biometrics market. The tourists visiting the event will pay for everything with the help of biometrics, which will involve vein scanning with the help of vein recognition biometrics. This is expected to drive the demand for vein recognition biometrics.

Besides, some of the vascular recognition-based payment systems are still in the development process, they are expected to enable point-of-sale retail transactions to be conducted with the scan of the veins of the fingers. Some of the other innovative technologies such as eye-vein scanning are being integrated with the smartphones. All these factors are expected to contribute to the growth of the vein recognition biometrics market over the forecast period.

However, privacy issues regarding individual data is a major factor expected to hamper the growth of the vein recognition biometrics market. Use of the similar database for managing employee entry and exit as well as making payments could lead to frauds in the BFSI verticals, which is the other factor expected to hamper the adoption of vein recognition biometrics.

Vein Recognition Biometrics Market: Key Participants

Examples of some of the key participants in the global vein recognition biometrics market identified across the value chain include Fujitsu, M2SYS Technology, Hitachi, 3M Cogent, Inc., NEC Corporation, Matrix Security Solutions, IDLink System, Safran, IdentyTech Solutions America, LLC , Tyco, PalmSure, Mofiria, Matrix Security Solutions, Mantra Softech, IdentyTech Solutions, and BioEnable, among others.

Request For Brochure @ https://www.factmr.com/connectus/sample?flag=B&rep_id=1829

Vein Recognition Biometrics Market: Regional Overview

On the basis of geography, the global vein recognition biometrics market can be segmented into North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and the Middle East & Africa. Among all these regions, North America is expected to hold a major share of the global vein recognition biometrics market during the forecast period, due to large presence of established manufacturers in the region as well as increased spending on the development of software technologies.

Asia Pacific excluding Japan is expected to be the fast-growing regional market during the forecast period, due to increasing adoption of vein recognition biometrics technology in developing countries such as Greater China and India. Besides, increasing number of manufacturing companies in the region is also expected to contribute to the growth of vein recognition biometrics market in Asia Pacific excluding Japan.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, deployment, component, and end user.

Report Analysis @ https://www.factmr.com/report/1829/vein-recognition-biometrics-market

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/
Follow Us on Linkedin: www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vein Recognition Biometrics Market Segmentation By Component Software, Hardware, Services; By Type Palm Vein Recognition, Finger Vein Recognition, Eye-vein Recognition; By end user BFSI, Healthcare, Security, Consumer Electronics, Gaming; here

News-ID: 1346346 • Views: 126

More Releases from Fact.MR

Sales of Thermoelectric Refrigerator To Reach A Value Of US$ 1.09 billion By 203 …
The global thermoelectric refrigerator market is expected to be worth US$ 651.3 million in 2022 and to grow at a 5.3% CAGR to reach US$ 1.09 billion by the end of 2032. The two main types of thermoelectric refrigeration equipment are domestic refrigerators and portable refrigerators. The main distinction between these two is the availability of electrical power. 𝐃𝐨𝐰𝐧π₯𝐨𝐚𝐝 π…π«πžπž π’πšπ¦π©π₯𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐑𝐒𝐬 π‘πžπ©π¨π«π­: https://www.factmr.com/connectus/sample?flag=S&rep_id=601 Through the new research report,…
How Accident Recorders is Booming Worldwide with Latest Trends, Growth, and Anal …
The global consumption of accident recorders is currently valued at $2.91 billion USD. The global accident recorders market is expected to grow at a 7.3% CAGR to reach $5.89 billion by 2032. Every year, nearly 1.3 million people's lives are cut short as a result of traffic accidents. Non-fatal injuries affect an additional 20 to 50 million people, many of whom are disabled. Accident recorders account for approximately 8% of the…
Sales of Next Generation Patient Monitoring Devices Are Estimated to Expanding a …
From 2022 to 2032, global demand for next-generation patient monitoring devices is expected to grow at an 8.9% CAGR. The global market for next generation patient monitoring devices is currently valued at $4.38 billion and is expected to reach $10.27 billion by the end of 2032. Next-generation patient monitoring devices are made up of a wearable component, which includes sensors, and a non-wearable component, which includes monitoring devices. Wireless networks and…
Demand For Diagnostic Imaging Services Projected To Reach US$ 1Billion In 2032
The universal Diagnostic Imaging Services market survey report will help you avoid expensive blunders while saving you a lot of money and time. The report's main goal is to directly address the project objectives and assist clients in making more informed business decisions. This market report's foundation is objective, which justifies the cost of carrying out the study. The format that best conveys the information is used by a creative…

All 5 Releases


More Releases for Vein

Palm vein time attendance system
SecurityKart has been offering high-class and advanced security systems for quite a long time and the palm vein time attendance system is one of them. This is a most advanced technology to identify a person. Every person has a different palm shape and structure, and a vein attendance machine identifies those structures. This technology is widely used globally in different sectors such as banking, corporate offices, educational institutions, healthcare, etc.…
Varicose Vein Treatment Market Valuable Foresights on How Varicose Vein Treatmen …
The study examines the key market players in the Varicose Vein Treatment Market in depth. It includes a detailed study of each segment and its driving variables, as well as an examination of growth rates. In addition, the study includes regional analysis that provides insights into market potential in each region, allowing market players to capitalise on market possibilities. The Varicose Vein Treatment research report gives market breadth by region…
Fort Vein - Fort Myers Varicose Vein Treatment Center
Fort Myers, FL – July 24, 2019 - Are you suffering from unsightly veins or vascular health issues? Then Fort Myers-based Dr Chris Meyer is ready and waiting to help you regain your confidence with their vein care. The difference with Dr Meyer, who runs Fort Myers Varicose Veins Care Specialists, is that he cares deeply for treating patients for their varicose issues. "During my training in Vascular Surgery, I realized the…
Venipuncture Procedure Market Share Overview 2018 by Median Cubital Vein, Cephal …
Trending Report "Global Venipuncture Procedure Market Size, Status and Forecast 2022" published by ReportsWeb, 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 This report studies the global Venipuncture Procedure market, analyzes and researches the Venipuncture Procedure development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses…
Varicose Vein Treatment Devices Market
Varicose veins form in the leg due to flow of blood in the opposite direction, which creates extreme pressure in the already blocked veins. Varicose veins can lead to ulceration, swelling, and venous eczema. The condition can significantly hamper quality of life. Over 40% of total U.S. population is affected by varicose veins and over 30 million U.S. citizens suffer from venous insufficiency and the risk of developing varicose veins…
06-06-2017 | Health & Medicine
SA-BRC
Global Varicose Vein and Spider Vein Treatment Devices Market Forecast Till 2021
Varicose veins and spider vein treatment has gained importance in the recent past due to evolving apparel trends and increased awareness about new minimally invasive treatment alternatives. Valves in varicose veins cannot function properly and hence become enlarged and obstruct regular blood flow. As the varicose veins become enlarged and painful; it may also lead to ulcers in lower extremities. However very small percentage of varicose vein cases turn severe.…