MarketsandMarkets Presents Palm Vein Scanner Market with COVID-19 Impact Analysis by Offering (Hardware, Software & Services), Product (Palm Vein Biometrics, Finger Vein Biometrics), Authentication, Functionality, End-User Vertical, Application, and Region - Global Forecast to 2025 The global palm vein scanner market size is estimated to be USD 416 million in 2020 and projected to reach USD 1,150 million by 2025, at a CAGR of 22.6%
MarketsandMarkets Presents The key drivers fueling this market's growth include emerging superior benefits of palm vein scanners over other biometric technologies, increasing need to secure confidential information and data for organizations, surging adoption of biometric identification systems in BFSI, healthcare, and commercial sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=66740305 Furthermore, expanding government support in Europe for internal biometric techniques owing to GDPR compliance and growing partnerships and collaborations between vendors in the ecosystem is boosting market proliferation.
MarketsandMarkets Presents The software and services segment to register higher CAGR during the forecast period The software and services segment of the palm vein scanner market, by product, is estimated to register a higher CAGR during the forecast period. The increasing availability and improving the compatibility of palm vein authentication biometric software and SDK for a wide range of biometric devices has led to their aggressive demand globally.
MarketsandMarkets Presents APAC is projected to hold the largest share of the palm vein scanner market in 2025 APAC is expected to hold the largest share of the palm vein scanner market in 2025. The region is home to some of the early pioneers of palm vein and finger vein authentication technologies. Also, it houses several other biometric manufacturers in countries such as China and Japan.
MarketsandMarkets Presents key players in the global palm vein scanner market: Fujitsu Ltd. (Japan), Hitachi, Ltd. (Japan), NEC Corporation (Japan), M2SYS Technology (US), BioSec Group Ltd (Hungary), Recogtech B.V. (Netherlands), iDLink Systems Pte Ltd. (Singapore), ePortation, Inc. (US), Mofiria Corporation (Japan), BioEnable Technologies (India), and Dakar Software Systems (Malta)
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