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Biometric Palm Scanner Market Growth to Observe Exponential Upsurge During 2017 - 2025
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One of the most important feature of biometric palm scanner technology is that the accuracy in scanning the palm is not affected by external injuries on the palm, burns or other skin problems. This is because palm vein pattern is subcutaneous and does not get affected by external injuries. The demand for biometric palm scanner is driven by the demand for safety and security in public as well as private sectors.
Biometric Palm Scanner Market: Drivers and Restraints
The various benefits of biometric palm scanner is leading to its increased demand. High security is guaranteed as the biometric palm scanner scans veins pattern which is located inside the body and therefore is prevented from forgery or theft. Furthermore, in long term, an individual’s fingerprint might get affected by several factors such as age and environment. However, the vein pattern remains untouched which facilitates accurate readability by biometric palm scanners. Also, the growing application of biometric palm scanners in healthcare and military sectors is also driving the demand for this technology.
However, the cost of implementing biometric palm scanner is very high in comparison to biometric fingerprint scanner. Therefore, adoption of biometric fingerprint scanner is more than that of biometric palm scanner. Further, the processing speed of biometric palm scanner is also low as compared to biometric palm scanner.
Global Biometric Palm Scanner Market: Market Segmentation
Global Biometric Palm Scanner Market can be divided into two segments, based on Application and End-user industry.
Segmentation on basis of Application for Biometric Palm Scanner Market:
The major segments of biometric palm scanner market on basis of application include:
Security
Time and Attendance
User authentication for PCs or servers
Person identification for records
OEM terminal devices (POS, ATMs, information kiosks)
Others
Segmentation on basis of End-user for Biometric Palm Scanner Market:
The major segments of biometric palm scanner market on basis of end-user include:
Healthcare
Government
Security
Financial/banking
Education
Manufacturing
Hospitality
Retail
Others
Global Biometric Palm Scanner Market Trends
One of the important trends happening in the global biometric palm scanner market is adoption of this technology by banks for use in ATMs. This means that the customer can now carry out variety of banking services by scanning their palms instead of swiping cards at the ATM. One such instance is Ogaki Kyoritsu Bank in Japan which utilizes palm scanning technology.
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Global Biometric Palm Scanner Competitive Landscape
Some of the prominent players in the biometric palm scanner market include 3M, Dakar Software Systems, ePortation Inc, Fujitsu, Imprivata, Inc., M2SYS Technology and NEC Corporation of America among others.
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