The global palm vein biometrics market is expected to grow at a CAGR of 22.46% during the period 2016-2020.
Multi-factor authentication is a verification technique that uses two or more different authentication methods such as PINs, one-time passwords, and biometrics. Multi-factor authentication acts as an additional security layer and makes it difficult for an unauthorized person to access a database, physical location, or computing device. Multi-factor authentication solutions incorporate the use of different biometric technologies to authenticate payment transactions on mobile devices such as smartphones, tablets, and laptops.
According to the report, a number of construction and manufacturing utilities are likely to adopt palm vein recognition technology due to its user-friendliness. Any cuts, bruises, or dust on the hands of a worker might prevent him from gaining access to secure premises using fingerprint recognition technology. Palm vein recognition technology does not have this problem.
Further, the report states that privacy issues with biometric data hinders the market growth.
- IdentyTech Solutions
- iDLink Systems
- Mantra Softech
- Matrix Security Solutions
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Market landscape
PART 07: Life cycle analysis
PART 08: Market opportunities and developments
PART 09: Market segmentation by end-user
PART 10: Geographical segmentation
PART 11: Buying criteria
PART 12: Value chain
PART 13: Market trends
PART 14: Market challenges
PART 15: Five forces model
PART 16: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/twzqbx/global_palm_vein