Hand Geometry Biometric Market Expected to Witness Rapid Expansion by the End of 2025
The Latest Research Report “Hand Geometry Biometric Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – MarketResearchReports.biz
A hand geometry biometric solution recognize the user identity by the dimension of their hands. This technology measures a user’s hand along several extents and match those dimensions to measurements stored in a file. Owing to the public acceptance of biometric systems across the globe, the execution of this biometric technology in numerous end use industries has added extra value in last few decades. In addition, this hand geometry biometrics technology is a major invention of the global biometric technologies industry. There are numerous key features has added valuation of this technology which includes efficient use and on time result, security benefits and functional integration among others are expected to drive the growth of this product market during the forecast period. The global Hand Geometry Biometric market is well-established, owing to widespread use in time & attendance maintenance applications in various end use industry. This hand geometry biometric technology also majorly finds widespread use in time & attendance maintenance applications. The market of hand geometry biometric is predicted to be stable during the forecast period from 2017 to 2025.
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The global Hand Geometry Biometric market has been segmented on the basis of end use and geography. Based on end use, global Hand Geometry Biometric market has been bifurcated into government, defense, banking and finance, travel and tourism, security and healthcare among others. Hand geometry scanners with reflectors and infrared light is used for taking the hand image. However, the method are used for measuring individual identity are not unique. Thus, this solution is not considered to be a fruitful method for the verification and identification of every individuals. This factor is expected to restraining the growth of this product market in coming years. In addition, various organizations are installing this hand geometry biometrics with the help of smart cards to improve their verification of individuals. This in turn is triggering the demand of Hand Geometry Biometric market in coming years. Moreover, multimodal biometrics technology is also additional type technique which is used by various end use industry such as banking and financial, retail, others for authenticating individuals. Therefore, the hand geometry biometric are expected to grow at a faster rate in the upcoming years. Hand geometry biometric is expected to remain a perfect choice for end user confirmation in harsh work situations and able to identify the correct information from the large workforce. Relatively simple technology architecture, low upfront costs, and less intrusiveness among others factor is expected to increase the adoption of this technology market in coming years. Across the globe, various end use industry are installing this system in cloud computing to address breach concerns which is also act as an major factor for the development of new services and products. Another aspect contributing to the growth of this biometrics is their increasing usage for over the years, this hand geometry biometric technology has been driven by government rules and regulations instructing stringent security methods to be in place for major commercial and infrastructure centers such as factories, office buildings, nuclear plants, healthcare facilities, universities and hospitality among others. On the flip side, technological problem associate with this product is predicted to hinder the growth of the global Hand Geometry Biometric market in coming years.
Geographically, global Hand Geometry Biometric market has been segmented into North America, Europe, Asia Pacific, Middle- East & Africa (MEA) and Latin America. In 2016, North America held the highest market share of global Hand Geometry Biometric market. Rising security concerns owing to the crimes and terror attacks and rising government initiative such as e-passports verification, national voting and identification programs, others are largely accountable for the growth of this product market in North America region. Rapid development in public sector, construction, residential and commercial in Asia Pacific region will create new opportunities for hand geometry biometrics based access control systems in coming years.
The global Hand Geometry Biometric market consists of many renowned players such as Fingerprint Cards AB (Sweden), Cross Match Technologies Inc. (The U.S), 3M Company (The U.S), Fujitsu Ltd. (Japan), Safran SA (France), Facebanx (The U.K), NCE Corporation (The U.S), RCG Holdings Limited (China), Siemens AG (Germany), Fulcrum Biometrics LLC. (The U.S), Validsoft UK Ltd. (The U.K) among others.
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