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(IT-NEWSWIRE.COM, September 24, 2015 ) The demand for highly reliable and accessible personal authentication and identification systems is increasing in the BFSI sector because of the growing instances of security vulnerabilities and transactional fraudulent in this sector. Biometrics is a suitable and reliable solution as it is based on the behavioral and physiological characteristics of an individual, which is difficult to replicate. Biometrics involves the identification, verification, and authentication of an individual by evaluating one or more unique biological traits such as voice, hand geometry, DNA, gait, fingerprint, facial expression, and vein recognition. Biometrics is considered to be more reliable than physical devices and numeric codes as biometric traits are not prone to any change.
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Vein recognition biometrics is gaining importance in the BFSI sector for applications such as logical access control, physical access control, mobile banking, branch banking, kiosks, ATM, and safe deposit locker. Vein recognition biometrics is used for security purpose in the BFSI sector to protect customers from data breaches and identity theft.
Market analysts forecast the global vein recognition biometrics market in the BFSI sector to grow at a CAGR of 27.83% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global vein recognition biometrics market in the BFSI sector for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of vein biometric solutions including hardware, software, integrated solutions, and services offered in the BFSI sector. Revenues generated from aftersales services are not included to calculate the market size.
New report, Global Vein Recognition Biometrics Market in the BFSI Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, Latin America, MEA, and North America; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key regions
APAC
Europe
Latin America
MEA
North America
Key vendors
FUJITSU
Hitachi
M2SYS Technology
NEC
Safran
Other prominent vendors
3M Cogent
BioEnable
IdentyTech Solutions
IDLink Systems
Mantra Softech
Matrix Security Solutions
Mofiria
PalmSure
Tyco
Key market driver
Shift from fingerprint to finger vein recognition biometrics in BFSI sector
For a full, detailed list, view our report
Key market challenge
Privacy issues with biometric data
For a full, detailed list, view our report
Key market trend
Introduction of palm vein recognition biometrics in smartphones
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Table Of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market description
Types of vein recognition biometrics
Working of palm vein recognition biometrics
Working of finger vein recognition biometrics
Advantages and disadvantages of vein recognition biometrics
PART 06: Market developments
PART 07: Market landscape
Market overview
Share of vein recognition biometrics in BFSI sector
Global vein recognition biometrics market in BFSI sector
Five forces analysis
PART 08: Technology Segmentation
Global vein recognition biometrics market in BFSI sector 2014-2019
Global finger vein biometrics market in BFSI sector
Global palm vein biometrics market in BFSI sector
PART 09: Geographical segmentation
Global vein recognition biometrics market in BFSI sector by geographical segmentation 2014-2019
Vein recognition biometrics market in BFSI sector in North America
Vein recognition biometrics market in BFSI sector in APAC
Vein recognition biometrics market in BFSI sector in Europe
Vein recognition biometrics market in BFSI sector in Latin America
Vein recognition biometrics market in BFSI sector in MEA
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