Palm Vein Biometrics Market Segmentation Overview 2016 to 2020

Global Palm Vein Biometrics Market 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection.

Security of data and assets is a key concern for enterprises, banks, government organizations, telecommunication, and hospitals as well as for individuals. Keys, identity badges, and numeric keypads have been used traditionally to prevent unauthorized access. With technological advances, two-factor authentication was introduced, where individuals gain access to secure premises after they are authenticated twice on the basis of hardware devices and numeric codes. However, it was easy for hackers to gain access to hardware devices and obtaining numeric codes, which increased security risks.

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Palm vein recognition is a contactless technology that compares the palm vein scan stored in the database with the image of palm veins of an individual captured at that instant. This technology is being used by organizations in sectors such as BFSI, transportation, utilities, government, and payment card for identification and authentication of individuals to deter fraudulent activities.

The analysts forecast global palm vein biometrics market to grow at a CAGR of 22.46% during the period 2016-2020.

This report covers the present scenario and the growth prospects of the global palm vein biometrics market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of palm vein biometric systems.

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The market is divided into the following segments based on geography:

North America

APAC

Europe

South America

MEA

The report, Global Palm Vein Biometrics Market...