Hand geometry biometrics: Key market research findings:
- Increasing authentication credentials for the mobile workforce
- Integration of hand geometry biometrics with residential security
Technavio has added a new report on the global hand geometry biometrics market, to its biometrics portfolio. The market is expected to reach over US $2billion between 2015 and 2019, owing to growing prominence of employee time and attendance technologies in hand geometry biometrics.
The new research report from Technavio discusses in detail the key drivers and trends responsible for growth, as well as the segments with the maximum growth potential.
In 2014, the adoption of hand geometry biometrics was high in North America and Europe in sectors such as banks, transportation, and government. Its adoption is likely to increase in other regions such as APAC, Latin America, and MEA during the forecast period.
With increased usage of internet of things (IoT) and mobiles for residential security, hand geometry biometrics are used by end-users to gain access to data and applications that manage home security. Smart homes that use programmable thermostats, occupation detectors, motion sensors, solar-powered products, and zone-based thermostats to conserve energy and improve efficiency, are controlled through mobile devices integrated with hand geometry biometrics.
Source: Technavio Research
“Of late, hand geometry biometrics is used for two major technologies: employee time and attendance monitoring and access control. Technavio’s analysts predict a manifold rise in the prevalence of the mobile workforce in future enterprises. The market looks keen to respond to the requirements of mobile professionals such as traveling executives, sales representatives, and field workers, and it is expected to create an immense demand for hand geometry products until 2019,” says Navin Rajendra, Lead Analyst, IT Hardware, Software, Services, Technavio Research.
Leading vendors in the global hand geometry biometrics market include Allegion, ATR Systems, Honeywell and Tyco. As hand geometry biometric technology is new compared to other biometric technologies, the chances of new vendors entering the market are high. Existing vendors are offering hand geometry biometrics with competitive features at reduced prices.
A more detailed analysis is available in the Technavio report, Global Hand Geometry Biometrics Market: Research Analysis 2015-2019.
https://www.technavio.com/%3Cp%3E%3Cu%3E%3Cem%3E%3Cstrong%3EWe%20can%20cu…
