Palm Vein Scanner Market worth $1,150 million by 2025 at a CAGR of 22.6%

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MarketsandMarkets Presents
Palm Vein Scanner Market with COVID-19 Impact
Analysis by Offering (Hardware, Software
Services), Product (Palm Vein Biometrics, Finger
Vein Biometrics), Authentication, Functionality,
End-User Vertical, Application, and Region -
Global Forecast to 2025 The global palm vein
scanner market size is estimated to be USD 416
million in 2020 and projected to reach USD 1,150
million by 2025, at a CAGR of 22.6
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MarketsandMarkets Presents
 The key drivers fueling this market's growth
include emerging superior benefits of palm vein
scanners over other biometric technologies,
increasing need to secure confidential
information and data for organizations, surging
adoption of biometric identification systems in
BFSI, healthcare, and commercial sectors.
Download PDF Brochure _at_ https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id66740305 Further
more, expanding government support in Europe for
internal biometric techniques owing to GDPR
compliance and growing partnerships and
collaborations between vendors in the ecosystem
is boosting market proliferation.
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MarketsandMarkets Presents
The software and services segment to register
higher CAGR during the forecast period The
software and services segment of the palm vein
scanner market, by product, is estimated to
register a higher CAGR during the forecast
period. The increasing availability and improving
the compatibility of palm vein authentication
biometric software and SDK for a wide range of
biometric devices has led to their aggressive
demand globally.
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MarketsandMarkets Presents
APAC is projected to hold the largest share of
the palm vein scanner market in 2025 APAC is
expected to hold the largest share of the palm
vein scanner market in 2025. The region is home
to some of the early pioneers of palm vein and
finger vein authentication technologies. Also, it
houses several other biometric manufacturers in
countries such as China and Japan.
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MarketsandMarkets Presents
key players in the global palm vein scanner
market Fujitsu Ltd. (Japan), Hitachi, Ltd.
(Japan), NEC Corporation (Japan), M2SYS
Technology (US), BioSec Group Ltd (Hungary),
Recogtech B.V. (Netherlands), iDLink Systems Pte
Ltd. (Singapore), ePortation, Inc. (US), Mofiria
Corporation (Japan), BioEnable Technologies
(India), and Dakar Software Systems (Malta)
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MarketsandMarkets Presents
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