Vein scanners to outperform other biometrics segments: report
TechSci Research has published the “Global Biometrics Market Forecast and Opportunities, 2020” report, which projects that the biometric authentication systems market to grow at a CAGR of around 14% till 2020.
The highly competitive market is driven by growing security needs, government projects and constant development in technology, as well as in the residential sector, according to the report.
Meanwhile, the report identifies high initial investment and fulltime R&D costs as two major entry barriers preventing the entry of new players into the biometrics market.
Competition among existing players – both small and large — continues to intensify. The report emphasizes the growing demand from various sectors as a result of improving accuracy rate, reliability and longevity of biometric authentication systems.
Perhaps the most intriguing trend highlighted in the report is the growing demand for palm vein and hand geometry over other biometric modalities as they continue to become more feasible and prevalent.
Over the next five years, vein scanners are expected to grow signficantly among all other biometric modalities, said the report.
Article Topics
biometrics | market research | vein scanner
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Vein scanners to outperform other biometrics segments: report http://t.co/CPj8BK0ZHd #biometric #security
Vein scanners to outperform other biometrics segments: report http://t.co/dNGIzKr6if
Vein scanners to outperform other biometrics segments: report: TechSci Research has publi… http://t.co/HsUwWN8C3v via @BiometricUpdate
Narrow veins which are somehow visible when warm turn invisible when cold. Do they refer to this phenomenon that vein patterns vary according as temperatures?
RT @BiometricUpdate: Vein scanners to outperform other biometrics segments: report http://t.co/dNGIzKr6if
Vein scanners to outperform other biometrics segments | BiometricUpdate http://t.co/h3yTZyvvxH
RT @BiometricUpdate: Vein scanners to outperform other biometrics segments: report http://t.co/dNGIzKr6if
RT @BiometricUpdate: Vein scanners to outperform other biometrics segments: report http://t.co/dNGIzKr6if
Vein scanners to outperform other #biometrics segments http://t.co/6eZvaNsj5Y via @BiometricUpdate
Vein scanners to outperform all other biometrics ID segments | BiometricUpdate http://t.co/yXYv8MO8qd
Growing demand for palm vein and hand geometry biometrics according to Biometric Research Group #biometrics
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Vein scanners to outperform other biometrics modalities: report http://t.co/8qektdmtbu via @BiometricUpdate #biometrics
Biometric Scan Market to Grow 14% Thru 2020 http://t.co/uVbMSg2KA8
Vein scanners to outperform other biometrics segments | BiometricUpdate http://t.co/KknhB2Vk3D #biometrics
RT @7SealsOfTheEnd: Vein scanners to outperform other biometrics segments | BiometricUpdate http://t.co/h3yTZyvvxH
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Vein scanners to outperform other #biometrics segments: report – http://t.co/Flgpixod4V
RT @BiometricUpdate: Vein scanners to outperform other #biometrics segments: report http://t.co/s38tB6NS9J