Skip to main content

Vein Pattern Recognition Market – Global Industry Trends, and Analysis 2018

The wide acceptance of biometrics such as facial recognition, fingerprinting, iris recognition, and hand geometry have already stormed the global biometrics market. However, the new vein recognition biometrics technology, with its unique features, is expected to create its mark in the biometrics market. Of all the latest biometrics technologies, vein pattern recognition is one of the fastest growing new entrants in this market.
 
The vein pattern recognition technology works on the principle of identification of the subcutaneous vein patterns in the hand. As the user places his or her hand on the scanner, the infrared light locates the vein and the red blood cells (RBCs) present in such veins absorb the light. After the vein template is acquired, it is compared with the previously stored database to identify the person.
 
The major drivers contributing to the growth in demand for vein pattern recognition technology are factors such as its user friendliness, safety, and the low false rejection rate. Innovation in the field of fusion of this technology, with other biometrics recognition methods such as hand and fingerprinting methods, hold tremendous market opportunity in the future. The major hurdle in the growth of this market is the cost involved in comparison with other biometrics solutions.
 
The different types of vein recognition technologies are finger vein, palm vein, wrist vein and backhand vein recognition. At present there are a few Asian market players who have dominated this market. Such players are Fujitsu Limited, Techsphere Company Limited, and Hitachi Limited. Countries in South East Asia and Middle East have already begun to adopt this technology in their operations.
 
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

Comments

Post a Comment

Popular posts from this blog

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more

Data Center Fabric Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Fabric-based architecture supports the data center by eradicating the necessity of switch-to-switch interactions, multiple layers of devices and also the shared network protocols. It condenses the complication of a data center network and improves its efficiency. In a data center, fabric embodies interconnection of several servers, storage, and other ports for networking in an ultra-low latency set-up, which provides any-to-any connectivity, making each device only single hop away from every other device. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2227 Data center fabric market is driven by emerging technologies such as data center virtualization, cloud computing and big data analytics. Vendors in this market face challenges such as security issues and scalability in transparent bridging. One of the major opportunities in the market are for providing advanced data center fabric solutions that are more s...
Post a Comment
Read more

Mobile Security Software Market is Projected to be Fueled by Rapid Technological Advancements

Major drivers of the mobile security market are antivirus, e-mail spam blocking, and malware removal. Technological development in mobile security software and substantial research in this industry are contributing to the growth of this market. Today mobile phones are used as multipurpose devices, their exposure to various online and offline threats have increased significantly thus the need of MSS is rising day by day. This market is expected to witness tremendous growth in the coming years with the increasing number of mobile users and increasing awareness for mobile security. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=304 General lack of awareness about mobile vulnerability and increase in mobile malware is driving the emerging yet dynamic market of mobile security products. This market is mainly driven by business concerns for protecting corporate assets and information, and being vulnerable to various...
Post a Comment
Read more