TechNavio recognizes the following companies as the key players in the Global Palm Vein Biometrics market : Fujitsu Ltd., iAccess Systems Inc., and M2SYS Technology
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Global Palm Vein Biometrics market is the increasing number of deployments. The majority of the deployments are taking place in countries such as Brazil, India, Japan, and the US. The Education and BFSI sectors are the major application segments where the deployment projects have witness drastic increment over the past few years. The continual adoption of palm vein biometric in the end-user segments will tend to increase the growth prospects of the Global Palm Vein Biometrics market during the forecast period.”
According to the report, one of the main factors driving the market is the growing need for advanced security systems. There has been a substantial increase in the number of cyber-attacks in government departments and installations over the years. Insider thefts are also increasing in recent years. Furthermore, critical government departments such as intelligence, defense, and finance hold important data, the theft of which could jeopardize national security.
Further, the report states that one of the main challenges is the need for improved compatibility and standardization. In recent years, government authorities and end-users have the need for improved compatibility and standardization among the various types of biometric devices available in the market. Hence, vendors are focusing on improving the interoperability among the palm vein biometric system components.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-palm-vein-biometrics-market-2012-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Palm Vein Biometrics Market 2012-2016
