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Global Palm Vein Biometrics market to reach USD 2.5 billion by 2027.

Global Palm Vein Biometrics market Size study, by Offering (Hardware, Software & Services), Product (Palm Vein Biometrics market , Finger Vein Biometrics), Authentication, Functionality, End-User Vertical, Application, and Region - Global Forecast to 2025 and Regional Forecasts 2021-2027

Product Code: ECE-38997408
Publish Date: 17-10-2021
Page: 200

Global Palm Vein Biometrics market is valued approximately USD 0.6 xx billion in 2020 and is anticipated to grow with a healthy growth rate of more than 22.3 % over the forecast period 2021-2027. APalm Vein Biometrics market is a scanner that scans palm by using infrared light to map the unique vein structure.It captures all the data points of palm and convert them into a unique code that becomes biometric identity.Superior advantages of Palm Vein Biometrics market over other body scanners.pushes the market growth such as by providing accurate personal scaning to ensure identity in exam centers etc For Instance: According to the US National Institute of Standards and Technology (NIST) ,In May 2020, NEC Corporation declared the development of a multimodal biometric identification technology that has been considered as No.1 in scanning tests for identification globally.Increasing demand to secure data and confidential information for organizations enhancing the market of palm vein biometrics market. However, availability of more convenient substitute’s biometric methods such as iris, voice and facial recognition impedes the growth of the market over the forecast period of 2021-2027. Also,increasing demand for all-in-one biometric solution and adoption of mobile devices is likely to increase the market growth during the forecast period.

The regional analysis of global Palm Vein Biometrics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.Asia pacificis the leading region across the world in terms of market share owing to increasing demand of all in one biometric solution.Whereas,Asia-Pacific is also anticipated to exhibit highest CAGR over the forecast period 2021-2027. Factors such as increasing demand advanced biometric solution which is more convenient and authenticwould create lucrative growth prospects for the Engine control unitacross Asia-Pacific region.

Major market player included in this report are:
HITACHI, LTD.
NEC CORPORATION
M2SYS TECHNOLOGY
BIOSEC GROUP LTD.
EPORTATION, INC.
D-LINK SYSTEMS PTE LTD.
BIOENABLE TECHNOLOGIES PVT. LTD.
MOFIRIA CORPORATION
DAKAR SOFTWARE SYSTEMS
RECOGTECH B.V.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Software & Services
ByProduct:
Finger vein biometrics
Palm Vein Biometrics market
ByAuthentication:
Unimodal biometric system
Multimodal biometric system
By Functionality:
Physical access control & biometric authentication
Logical access control & biometric authentication
Embedded System
By End-user Vertical:
BFSI
Commercial
Industrial
By Application:
Access control & biometric identification
User authentication
OEM terminal devices
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Palm Vein Biometrics market

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Palm Vein Biometrics market, by Region, 2019-2027 (USD Billion)
1.2.2. Palm Vein Biometrics market, by Offering ,2019-2027 (USD Billion)
1.2.3. Palm Vein Biometrics market, by Product,2019-2027 (USD Billion)
1.2.4. Palm Vein Biometrics market, by Authentication,2019-2027 (USD Billion)
1.2.5. Palm Vein Biometrics market, by Functionality,2019-2027 (USD Billion)
1.2.6. Palm Vein Biometrics market, by End-User Vertical,2019-2027 (USD Billion)
1.2.7. Palm Vein Biometrics market, by Application,2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Palm Vein Biometrics Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Palm Vein Biometrics Dynamics
3.1. Palm Vein Biometrics Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Superior advantages of palm vein biometrics over other scanners
3.1.1.2. Increasing demand to secure data and confidentialinformation for organizations
3.1.2. Market Challenges
3.1.2.1. Availability of more convenient substitute’s biometric methods such as iris, voice and facial recognition
3.1.3. Market Opportunities
3.1.3.1. Increasing demand for all-in-one biometric solution and adoption of mobile devices
Chapter 4. Global Palm Vein BiometricsIndustry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Palm Vein Biometrics market,by Offering
5.1. Market Snapshot
5.2. Global Palm Vein Biometrics by Offering, Performance – Potential Analysis
5.3. Global Palm Vein Biometrics Estimates & Forecasts by Offering, 2018-2027 (USD Billion)
5.4. Palm Vein Biometrics market,Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software & Services
Chapter 6. Global Palm Vein Biometrics market,by Product,
6.1. Market Snapshot
6.2. Global Palm Vein Biometrics byProduct, Performance – Potential Analysis
6.3. Global Palm Vein Biometrics Estimates & Forecasts by Product,2018-2027 (USD Billion)
6.4. Palm Vein Biometrics market,Sub Segment Analysis
6.4.1. Finger vein biometrics
6.4.2. Palm vein biometrics
Chapter 7. Global Palm Vein Biometrics market,by Authentication,
7.1. Market Snapshot
7.2. Global Palm Vein Biometrics by Authentication Performance – Potential Analysis
7.3. Global Palm Vein Biometrics Estimates & Forecasts by Authentication,2018-2027 (USD Billion)
7.4. Palm Vein Biometrics market,Sub Segment Analysis
7.4.1. Unimodal biometric system
7.4.2. Multimodal biometric system
Chapter 8. Global Palm Vein Biometrics market,by Functionality,
8.1. Market Snapshot
8.2. Global Palm Vein Biometrics by Functionality, Performance – Potential Analysis
8.3. Global Palm Vein Biometrics Estimates & Forecasts by Functionality,2018-2027 (USD Billion)
8.4. Palm Vein Biometrics market,Sub Segment Analysis
8.4.1. Physical access control & biometric authentication
8.4.2. Logical access control & biometric authentication
8.4.3. Embedded System
Chapter 9. Global Palm Vein Biometrics market,by End-User Vertical,
9.1. Market Snapshot
9.2. Global Palm Vein Biometrics by End-User Vertical, Performance – Potential Analysis
9.3. Global Palm Vein Biometrics Estimates & Forecasts by End-User Vertical 2018-2027 (USD Billion)
9.4. Palm Vein Biometrics market,Sub Segment Analysis
9.4.1. BFSI
9.4.2. Commercial
9.4.3. Industrial
Chapter 10. Global Palm Vein Biometrics market,by Application,
10.1. Market Snapshot
10.2. Global Palm Vein Biometrics by Application, Performance – Potential Analysis
10.3. Global Palm Vein Biometrics Estimates & Forecasts by Application, 2018-2027 (USD Billion)
10.4. Palm Vein Biometrics market,Sub Segment Analysis
10.4.1. Access control & biometric identification
10.4.2. User authentication
10.4.3. OEM terminal devices

10.4.4. Global Palm Vein Biometrics market,Regional Analysis
10.5. Palm Vein Biometrics market,Regional Market Snapshot
10.6. North America Palm Vein Biometrics
10.6.1. U.S.Palm Vein Biometrics
10.6.1.1. Offering breakdown estimates & forecasts, 2018-2027
10.6.1.2. Product breakdown estimates & forecasts, 2018-2027
10.6.1.3. Authentication breakdown estimates & forecasts, 2018-2027
10.6.1.4. Functionality breakdown estimates & forecasts, 2018-2027
10.6.1.5. End-user Vertical breakdown estimates & forecasts, 2018-2027
10.6.1.6. Application breakdown estimates & forecasts, 2018-2027
10.6.2. CanadaPalm Vein Biometrics
10.7. Europe Palm Vein Biometrics Snapshot
10.7.1. U.K. Palm Vein Biometrics
10.7.2. Germany Palm Vein Biometrics
10.7.3. France Palm Vein Biometrics
10.7.4. Spain Palm Vein Biometrics
10.7.5. Italy Palm Vein Biometrics
10.7.6. Rest of EuropePalm Vein Biometrics
10.8. Asia-PacificPalm Vein Biometrics Snapshot
10.8.1. China Palm Vein Biometrics
10.8.2. India Palm Vein Biometrics
10.8.3. JapanPalm Vein Biometrics
10.8.4. Australia Palm Vein Biometrics
10.8.5. South Korea Palm Vein Biometrics
10.8.6. Rest of Asia PacificPalm Vein Biometrics
10.9. Latin America Palm Vein Biometrics Snapshot
10.9.1. Brazil Palm Vein Biometrics
10.9.2. Mexico Palm Vein Biometrics
10.10. Rest of The World Palm Vein Biometrics

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. RECOGTECH B.V.
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. HITACHI, LTD.
11.2.3. NEC CORPORATION
11.2.4. M2SYS TECHNOLOGY
11.2.5. BIOSEC GROUP LTD.
11.2.6. EPORTATION, INC.
11.2.7. DLINK SYSTEMS PTE LTD.
11.2.8. BIOENABLE TECHNOLOGIES PVT. LTD.
11.2.9. MOFIRIA CORPORATION
11.2.10. DAKAR SOFTWARE SYSTEMS

Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Market driving trends and favorable economic conditions
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