Business

Global Biometric Palm Scanner Market Revenue to Witness Rapid Growth in the Near Future

Press Release

Biometric palm scanner is considered to be one of the most appropriate and widely accepted technology for person recognition as it provides high level of accuracy and is easy to use. As compared to fingerprint scanner, biometric palm scanner are more precise. Fingerprint of twins can be similar in some cases, however pattern of palm veins is unique for every individual, thus helping biometric palm scanner to exactly identify the person.

One of the most important feature of biometric palm scanner technology is that the accuracy in scanning the palm is not affected by external injuries on the palm, burns or other skin problems. This is because palm vein pattern is subcutaneous and does not get affected by external injuries. The demand for biometric palm scanner is driven by the demand for safety and security in public as well as private sectors.

Biometric Palm Scanner Market: Drivers and Restraints

The various benefits of biometric palm scanner is leading to its increased demand. High security is guaranteed as the biometric palm scanner scans veins pattern which is located inside the body and therefore is prevented from forgery or theft. Furthermore, in long term, an individual’s fingerprint might get affected by several factors such as age and environment. However, the vein pattern remains untouched which facilitates accurate readability by biometric palm scanners. Also, the growing application of biometric palm scanners in healthcare and military sectors is also driving the demand for this technology.

However, the cost of implementing biometric palm scanner is very high in comparison to biometric fingerprint scanner. Therefore, adoption of biometric fingerprint scanner is more than that of biometric palm scanner. Further, the processing speed of biometric palm scanner is also low as compared to biometric palm scanner.

Global Biometric Palm Scanner Market: Market Segmentation

Global Biometric Palm Scanner Market can be divided into two segments, based on Application and End-user industry.

Segmentation on basis of Application for Biometric Palm Scanner Market:

The major segments of biometric palm scanner market on basis of application include:

Security, Time and Attendance, User authentication for PCs or servers, Person identification for records, OEM terminal devices (POS, ATMs, information kiosks), Others

Segmentation on basis of End-user for Biometric Palm Scanner Market:

The major segments of biometric palm scanner market on basis of end-user include:

Healthcare, Government, Security, Financial/banking, Education, Manufacturing, Hospitality, Retail, Others

Global Biometric Palm Scanner Market Trends

One of the important trends happening in the global biometric palm scanner market is adoption of this technology by banks for use in ATMs. This means that the customer can now carry out variety of banking services by scanning their palms instead of swiping cards at the ATM. One such instance is Ogaki Kyoritsu Bank in Japan which utilizes palm scanning technology.

Global Biometric Palm Scanner Competitive Landscape

Some of the prominent players in the biometric palm scanner market include 3M, Dakar Software Systems, ePortation Inc, Fujitsu, Imprivata, Inc., M2SYS Technology and NEC Corporation of America among others.

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