According to a market report by Lucintel, the future of the palm vein biometrics market looks promising with opportunities in the banking and financial, healthcare, home security, commercial security, consumer electronic, education, gaming, transportation, and government markets. The palm vein biometrics market is expected to reach an estimated $3.9 billion by 2030 with a CAGR of 22% from 2024 to 2030.
The major drivers for this market are increasing cases of security
breaches and cyberattack, growing demand for mobile biometrics and improved
security solutions for authentication, and rising encouraging measures done by
governments of various nations to issue unique identity cards to every person.
In this market, hardware and
software and services are the major segments of palm vein biometrics
market by application type.
Lucintel forecasts that hardware will remain the largest segment over the
forecast period.
Within this market, banking and financial sector will remain the largest
segment.
North America will remain the largest region over the forecast period due
to high number of well-established manufacturing companies investment in
software technologies and rising adoption of biometric identifiers in domestic
and commercial security.
BioEnable Technologies, BioSec, Fujitsu Limited, Identytech Solutions,
iDLink Systems, M2SYS Technology, Mantra Softech India, Matrix Comsec, NEC
Corporation, and Tyco Security Products are the major suppliers in the palm
vein biometrics market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related Reports
1.Computer and Peripheral Connector Market
2.Multilayer Ceramic Capacitor Market
3. Semiconductor Wafer Cleaning Equipment Market
4. Printed Circuit Board
Market
No comments:
Post a Comment