Hand Geometry Biometrics Market Revenue and Value Chain 2014-2020

Overview

The implementation of biometric technology in various industries is gaining momentum, owing to the public acceptance of hand geometry biometric systems. Hand geometry biometrics is one of the most successful facets of the global biometric technologies industry. Functional integration, efficient use and security benefits are key features driving the growth of the hand geometry biometrics market.

The existence of hand geometry biometrics systems dates back to the early 1980s, and it is the most successful biometric system used in computer technology and ICT. The global market for hand geometry biometrics is well-established, owing to the systems’ profitable combination with identification operations.

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Prominent Trends & Growth Opportunities

The rising interest in biometric systems with multiple-point verification mechanism has a key impact on the global market. The technology used in hand geometry biometrics registers verification of several perimeters of the hand, including the finger length, the finger width and palm size. Unlike fingerprint biometrics, where unlawful access is still viable, it is nearly impossible to duplicate the print of an entire hand. Due to this, the hand geometry biometrics systems are being extensively implemented for authorisation operations.

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Use of hand geometry biometrics in e-commerce industry is expected to grow opportunities for the market’s future. The contact-based technology in hand geometry biometrics devices will serve the purpose of customer identification on a larger scale, helping companies to create a better consumer database and facilitate other ventures with it. Implementing the system in cloud computing to address breach concerns is likely to influence development of new products and services.