Global Palm Vein Biometrics Market Report

DUBLIN, April 10, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/dq3bzd/global_palm_vein) has announced the addition of the "Global Palm Vein Biometrics Market Report" report to their offering. 

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The analysts forecast the Global Palm Vein Biometrics market to grow at a CAGR of 46.6 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need for advanced security systems. The Global Palm Vein Biometrics market has also been witnessing an increasing deployment of palm vein biometrics. However, the need for improved compatibility and standardization could pose a challenge to the growth of this market. 

The report, the Global Palm Vein Biometrics Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas and the EMEA and APAC regions; it also covers the Global Palm Vein Biometrics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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. 

Key Topics Covered: 

1. Executive Summary
2. List of Abbreviations
3. Introduction
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Geographical Segmentation
8. Key Leading Countries
9. Vendor Landscape
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Key Vendor Analysis
17. Key Takeaways
18. Other Reports in this Series

Companies Mentioned: 

Bionics Co. LtdControl SolutionsFujitsu Ltd.Hitachi InformationM2SYS TechnologyiAccess SystemsFor more information visit http://www.researchandmarkets.com/research/dq3bzd/global_palm_vein

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets