Global Palm Vein Biometrics Market Size study & Forecast, by Product, by Application and Regional Analysis, 2023-2030

Description

List of Tables

Global Palm Vein Biometrics Market is valued at approximately USD 0.8 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 21.20% during the forecast period 2023-2030. Palm vein biometrics represents a contactless authentication technology that relies on comparing real-time palm vein scans with stored database images. This biometric method primarily utilizes vascular patterns as unique identification data, ensuring a high level of security. Because the data is extracted directly from the body, palm vein biometrics stands out as a highly secure technology, making it challenging to replicate or copy. The market growth is driven by key factors such as increasing Data Privacy Protection Concerns and increasing Need to Secure Financial Transactions.

As per Statista, in the year 2022, the global financial industry reported 1,829 cyber incidents, exhibiting a decline from the previous year's count of 2,527. Correspondingly, there was a reduction in the number of data breaches over the past two years, decreasing from 690 incidents in 2021 to 477 in 2022. also, 2021 marked the year with the highest recorded number of cyber incidents in the financial sector since 2013. Moreover, as an increasing number of social and economic activities shift to the online realm, there is a growing acknowledgement of the significance of privacy and data protection. Similarly troubling is the practice of collecting, utilizing, and sharing personal information with third parties without the awareness or consent of consumers. Presently, 137 out of 194 countries have enacted legislation aimed at ensuring the safeguarding of data and privacy. Particularly, there are variations in the adoption levels across continents, with Africa and Asia demonstrating adoption rates of 61% and 57% of countries, respectively. In the least developed countries, the adoption rate stands at 48%. However, the high risk of cyber-attacks and high cost of the product and installation stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Palm Vein Biometrics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America emerges as the primary revenue driver and market leader in the Palm Vein Biometrics Market. This is attributed to escalating investments in software technologies and the presence of numerous manufacturers in the region actively contributing to market expansion. Meanwhile, Asia-Pacific is poised to witness the most rapid development, fueled by a burgeoning population and widespread adoption of biometric technologies.

Major market player included in this report are:

Secunet Security Networks AG. (Germany)
NEC Technologies India Private Limited (India)
Fulcrum Biometrics, LLC. (U.S.)
Precise Biometrics AB (Sweden)
FUJITSU (Japan)
Aware, Inc. (U.S.)
Gemalto Cogent, Inc. (U.S.)
BIO-key International, Inc. (U.S.)
Thales Group (France)
Cognitec Systems GmbH (Germany)

Recent Developments in the Market:

In June 2019, Redrock Biometrics unveiled PalmID-X, an innovative identification solution that extends the scope of biometric identification to multiple individuals. This advancement creates a foundation for seamless services and transactions without the need for physical tokens. PalmID-X captures palm prints and/or subdermal veins, generating unique palm signatures to enhance security and convenience in various applications.

Global Palm Vein Biometrics Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Hardware
Software and Services

By Application:

Banking and Finance Sector
Healthcare
Home Security
Commercial Security
Consumer Electronics
Education Sector
Gaming
Transportation
Government Sectors

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Palm Vein Biometrics Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Palm Vein Biometrics Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Palm Vein Biometrics Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Palm Vein Biometrics Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Palm Vein Biometrics Market Dynamics

3.1. Palm Vein Biometrics Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing Data Privacy Protection Concerns
  - 3.1.1.2. Increasing Need to Secure Financial Transactions
- 3.1.2. Market Challenges
  - 3.1.2.1. High risk of cyber-attacks
  - 3.1.2.2. High cost of the product and installation
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising awareness regarding profits and convenience
  - 3.1.3.2. Technological advancement

Chapter 4. Global Palm Vein Biometrics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Palm Vein Biometrics Market, by Product

5.1. Market Snapshot
5.2. Global Palm Vein Biometrics Market by Product, Performance - Potential Analysis
5.3. Global Palm Vein Biometrics Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Palm Vein Biometrics Market, Sub Segment Analysis
- 5.4.1. Hardware
- 5.4.2. Software and Services

Chapter 6. Global Palm Vein Biometrics Market, by Application

6.1. Market Snapshot
6.2. Global Palm Vein Biometrics Market by Application, Performance - Potential Analysis
6.3. Global Palm Vein Biometrics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Palm Vein Biometrics Market, Sub Segment Analysis
- 6.4.1. Banking and Finance Sector
- 6.4.2. Healthcare
- 6.4.3. Home Security
- 6.4.4. Commercial Security
- 6.4.5. Consumer Electronics
- 6.4.6. Education Sector
- 6.4.7. Gaming
- 6.4.8. Transportation
- 6.4.9. Government Sectors

Chapter 7. Global Palm Vein Biometrics Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Palm Vein Biometrics Market, Regional Market Snapshot
7.4. North America Palm Vein Biometrics Market
- 7.4.1. U.S. Palm Vein Biometrics Market
  - 7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Palm Vein Biometrics Market
7.5. Europe Palm Vein Biometrics Market Snapshot
- 7.5.1. U.K. Palm Vein Biometrics Market
- 7.5.2. Germany Palm Vein Biometrics Market
- 7.5.3. France Palm Vein Biometrics Market
- 7.5.4. Spain Palm Vein Biometrics Market
- 7.5.5. Italy Palm Vein Biometrics Market
- 7.5.6. Rest of Europe Palm Vein Biometrics Market
7.6. Asia-Pacific Palm Vein Biometrics Market Snapshot
- 7.6.1. China Palm Vein Biometrics Market
- 7.6.2. India Palm Vein Biometrics Market
- 7.6.3. Japan Palm Vein Biometrics Market
- 7.6.4. Australia Palm Vein Biometrics Market
- 7.6.5. South Korea Palm Vein Biometrics Market
- 7.6.6. Rest of Asia Pacific Palm Vein Biometrics Market
7.7. Latin America Palm Vein Biometrics Market Snapshot
- 7.7.1. Brazil Palm Vein Biometrics Market
- 7.7.2. Mexico Palm Vein Biometrics Market
7.8. Middle East & Africa Palm Vein Biometrics Market
- 7.8.1. Saudi Arabia Palm Vein Biometrics Market
- 7.8.2. South Africa Palm Vein Biometrics Market
- 7.8.3. Rest of Middle East & Africa Palm Vein Biometrics Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. secunet Security Networks AG. (Germany)
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. NEC Technologies India Private Limited (India)
- 8.3.3. Fulcrum Biometrics, LLC. (U.S.)
- 8.3.4. Precise Biometrics AB (Sweden)
- 8.3.5. FUJITSU (Japan)
- 8.3.6. Aware, Inc. (U.S.)
- 8.3.7. Gemalto Cogent, Inc. (U.S.)
- 8.3.8. BIO-key International, Inc. (U.S.)
- 8.3.9. Thales Group (France)
- 8.3.10. Cognitec Systems GmbH (Germany)

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Palm Vein Biometrics Market, report scope
TABLE 2. Global Palm Vein Biometrics Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Palm Vein Biometrics Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Palm Vein Biometrics Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Palm Vein Biometrics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Palm Vein Biometrics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Palm Vein Biometrics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Palm Vein Biometrics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Palm Vein Biometrics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Palm Vein Biometrics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Palm Vein Biometrics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Palm Vein Biometrics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Palm Vein Biometrics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Palm Vein Biometrics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Palm Vein Biometrics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Palm Vein Biometrics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Palm Vein Biometrics Market
TABLE 70. List of primary sources, used in the study of global Palm Vein Biometrics Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Palm Vein Biometrics Market, research methodology
FIG 2. Global Palm Vein Biometrics Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Palm Vein Biometrics Market, key trends 2022
FIG 5. Global Palm Vein Biometrics Market, growth prospects 2023-2030
FIG 6. Global Palm Vein Biometrics Market, porters 5 force model
FIG 7. Global Palm Vein Biometrics Market, pest analysis
FIG 8. Global Palm Vein Biometrics Market, value chain analysis
FIG 9. Global Palm Vein Biometrics Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Palm Vein Biometrics Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Palm Vein Biometrics Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Palm Vein Biometrics Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Palm Vein Biometrics Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Palm Vein Biometrics Market, regional snapshot 2020 & 2030
FIG 15. North America Palm Vein Biometrics Market 2020 & 2030 (USD Billion)
FIG 16. Europe Palm Vein Biometrics Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Palm Vein Biometrics Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Palm Vein Biometrics Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Palm Vein Biometrics Market 2020 & 2030 (USD Billion)