Hand Geometry Biometrics - Global Market Study 2015-2019

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Hand Geometry Biometrics-Global Market Study 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Market Highlights

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Hand Geometry Biometrics- Global Market

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Key Trends

Technavio’s Senior Analyst says, “Hand geometry scanners with infrared light and reflectors are used for capturing images. Hand geometry biometrics consider the structure of the palm and fingers, the width of the fingers, and the thickness of the palm. Since these features are not as unique as other traits, hand geometry recognition is not considered to be the most suitable method for identification and verification. However, organizations are integrating hand geometry biometrics with smart cards to ensure reliability.”

• The security of data and assets has been a key concern for enterprises, banks, government organizations, hospitals, and individuals. Keys, identity badges, and numeric keypads have been commonly used to prevent unauthorized access. Technological advancements introduced two-factor authentication, which grants individuals access to secure premises after clearing two authentication stages. This method is based on hardware devices and numeric codes.

• The global hand geometry biometrics market is likely to reach $1.89 billion by 2019, growing at a CAGR around 12%.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver,

challengeand trend is

available in our report:Hand Geometry

Biometrics - Global Market Study 2015-2019

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Vendors

To understand the vendor landscape and for a full list of vendors view

our report:

Hand Geometry Biometrics - Global

Market Study 2015-2019

Allegion

ATR

Honeywell Security

Allegion was incorporated in 2013 and is headquartered in Dublin, Ireland. The company manufactures, markets, and sells mechanical and electronic security products and solutions under various brands worldwide.

ATR was founded in 1973 and is headquartered in Warminster, Pennsylvania, US. The company offers automated time and attendance, access control, and biometric recognition systems in the US.

Honeywell Security was founded in 1929 and is headquartered in New York, US. The company manufactures automation and security solutions for commercial and residential applications. It offers video surveillance products and access control systems in APAC, EMEA, and the US.

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Market Landscape

• The shift from non-biometric technologies, such as PINs and smart cards, to hand geometry biometrics for end-user authentication will lead to the rapid growth of the market during the forecast period.

• In 2014, the adoption of hand geometry biometrics was high in North America and Europe in sectors such as banking, transportation, and government.

• Their adoption is likely to increase in other regions such as APAC, Latin America, and MEA.

• Hand geometry biometrics are being adopted by the government sector, enterprises, and residential users.

• Their adoption is increasing in sectors such as transportation, education, retail, commercial, and banking, financial services, and insurance (BFSI).

• Hand geometry biometrics are used for two major technologies: employee time and attendance monitoring and access control.

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• The market share of the time and attendance segment is likely to increase due to its high deployment in sectors such as transportation, education, retail, government, and finance.

• The technology is also used by organizations to control unauthorized access to secure areas such as data centers and server rooms.

• The enterprises segment's market share is likely to increase during the forecast period, as it was an early adopter of hand geometry biometrics for workforce management.

• The BFSI and healthcare sectors use hand geometry biometrics to control unauthorized access to secure premises.

• With the adoption of the Internet of Things for maintaining residential security and increased usage of mobiles for the same, hand geometry biometrics are used to gain access to data and applications that manage home security.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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2015-2019

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