Palm Vein Scanner Market Size, Share & Growth, 2035

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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 2035

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Report Code: SE 7793 Jun, 2026, by marketsandmarkets.com

The Palm Vein Scanner Market has emerged as a critical segment within the biometric authentication industry, driven by increasing demand for secure, contactless identification systems across sectors such as banking, healthcare, and government. As of 2025, the global palm vein scanner market is valued at approximately USD 0.9 billion and is projected to reach USD 3.2 billion by 2035, expanding at a compound annual growth rate (CAGR) of 13.5%. The growth is fueled by rapid digital transformation, rising cybersecurity concerns, and the integration of advanced technologies such as artificial intelligence (AI), Internet of Things (IoT), and automation. The shift toward hygienic, touchless systems post-pandemic has further accelerated adoption, positioning palm vein recognition as a reliable alternative to traditional biometric systems.

Key Market Trends & Insights

The market is characterized by strong regional dynamics, with North America currently leading due to high technological adoption and robust security infrastructure. Asia Pacific is expected to be the fastest-growing region, driven by large-scale digital identity programs and smart city initiatives.
 
Palm vein scanners are increasingly preferred over fingerprint and facial recognition systems due to their higher accuracy and resistance to spoofing. The banking and financial services segment dominates the market, owing to stringent security requirements.
 
AI-powered biometric systems are transforming the market by enabling faster and more accurate authentication. Automation and cloud-based platforms are also enhancing scalability and operational efficiency across industries.
 
The integration of IoT with biometric systems is enabling real-time authentication across connected devices, expanding the scope of palm vein technology in smart environments.

Market Size & Forecast

Base Year Market Size (2025): USD 0.9 Billion
Forecast Value by 2035: USD 3.2 Billion
CAGR (2025–2035): 13.5%
 
Growth is driven by increasing demand for secure authentication, rising adoption of contactless biometrics, and advancements in AI and IoT technologies

Palm Vein Scanner Market Top 10 key takeaway

  • Rapid adoption of contactless biometric technologies post-pandemic
  • Strong growth in banking and healthcare sectorsAI integration enhancing accuracy and fraud detection
  • Increasing government investments in digital identity systems
  • Asia Pacific emerging as the fastest-growing regional market
  • Cloud-based biometric systems gaining traction
  • Rising cybersecurity threats boosting demand for advanced authentication
  • Integration with IoT expanding application scope
  • High reliability and low false acceptance rates driving adoption
  • Growing use in smart city and automation ecosystems

Product Insights

Palm vein scanners are categorized primarily into standalone scanners and integrated systems. Standalone devices currently dominate the market due to their widespread use in access control and authentication systems. These devices are highly reliable and offer superior accuracy compared to other biometric modalities, making them ideal for high-security environments such as banks and government facilities.
 
Integrated systems, which combine palm vein recognition with other biometric technologies such as facial recognition or fingerprint scanning, are gaining traction. These hybrid solutions enhance security by enabling multi-factor authentication. The growing demand for seamless and secure user experiences is driving innovation in this segment.
 
Emerging product categories include mobile-compatible palm vein scanners and compact devices designed for IoT-enabled environments. These innovations are supported by AI algorithms that improve recognition speed and accuracy while reducing hardware complexity.

Technology / Component Insights

 
The palm vein scanner market is driven by advanced imaging technologies, near-infrared (NIR) sensors, and sophisticated pattern recognition algorithms. NIR technology captures the unique vein patterns beneath the skin, ensuring high accuracy and resistance to forgery.
 
Artificial intelligence plays a crucial role in enhancing biometric matching algorithms, enabling real-time authentication with minimal error rates. Machine learning models continuously improve system performance by analyzing large datasets.
 
IoT integration allows palm vein scanners to function within connected ecosystems, enabling applications in smart homes, workplaces, and urban infrastructure. Cloud computing further enhances scalability by enabling centralized data storage and processing.
 
Automation technologies are streamlining authentication workflows, reducing manual intervention and improving operational efficiency. Future innovations are expected to focus on miniaturization, energy efficiency, and enhanced interoperability with other systems.
 
  • Advanced NIR imaging ensures high accuracy and security
  • AI improves pattern recognition and reduces false positives
  • IoT enables real-time, connected authentication systems
  • Cloud platforms enhance scalability and data management
  • Automation reduces operational complexity and improves efficiency

Application Insights

 
The banking and financial services sector is the leading application segment, driven by the need for secure customer authentication and fraud prevention. Palm vein scanners are widely used in ATMs, branch banking, and digital payment systems.
 
Healthcare is another rapidly growing segment, where palm vein technology is used for patient identification and access control. The contactless nature of the technology makes it ideal for hygienic environments.
 
Government applications include border control, national ID programs, and law enforcement, where high accuracy and reliability are critical. Corporate enterprises are also adopting palm vein scanners for workforce management and secure access.
 
Future opportunities lie in smart cities, transportation systems, and consumer electronics, where seamless and secure authentication is essential.
 
  • Banking sector dominates due to high security requirements
  • Healthcare adoption driven by hygiene and accuracy needs
  • Government use in identity verification and security
  • Corporate sector using for access control and attendance
  • Emerging use in smart cities and transportation systems

Regional Insights

 
North America leads the palm vein scanner market due to advanced technological infrastructure and high adoption of biometric systems across industries. The region benefits from strong investments in cybersecurity and digital transformation initiatives.
 
Europe follows closely, with significant adoption in banking and government sectors. Regulatory frameworks supporting data security and privacy are driving market growth in the region.
 
Asia Pacific is the fastest-growing region, fueled by large populations, increasing digitalization, and government-led identity programs. Countries such as China and Japan are at the forefront of biometric innovation.
 
Latin America and the Middle East & Africa are also witnessing steady growth, driven by increasing awareness and adoption of advanced security solutions.
 
  • North America dominates due to technological advancement
  • Europe driven by regulatory support and banking adoption
  • Asia Pacific fastest growth due to digital transformation
  • Government initiatives boosting adoption globally
  • Emerging markets showing increasing demand

Specific Market Trends

 
In Asia Pacific, China and Japan are leading the adoption of palm vein scanners, with a CAGR of over 15%, driven by smart city initiatives and advanced technological ecosystems. Government support for digital identity programs is a key growth factor.
 
In North America, the United States, Canada, and Mexico are experiencing steady growth with a CAGR of around 12%, supported by strong demand in banking and healthcare sectors.
 
Europe, particularly Germany and France, is witnessing moderate growth with a CAGR of approximately 11%, driven by stringent data protection regulations and increasing adoption in financial institutions.
 
Governments across these regions are playing a crucial role by implementing policies that promote biometric authentication for security and identity management.
 
  • China and Japan leading APAC growth with high adoption rates
  • North America driven by banking and healthcare demand
  • Europe supported by strong regulatory frameworks
  • Government initiatives boosting biometric adoption
  • Increasing demand across both developed and emerging economies

Key Palm Vein Scanner Company Insights

 
The market is highly competitive, with key players focusing on innovation, AI integration, and strategic partnerships. Companies are investing heavily in research and development to enhance product performance and expand application areas.
 
Leading players are adopting AI-driven solutions to improve accuracy and reduce processing time. Cloud-based platforms and IoT integration are also key focus areas for companies aiming to offer scalable and connected solutions.
 
Product differentiation, strategic collaborations, and geographic expansion are common strategies among market leaders. Companies are also focusing on developing compact and cost-effective devices to cater to emerging markets.
 
  • Strong focus on AI-driven innovation
  • Investment in R&D for advanced biometric solutions
  • Expansion into emerging markets
  • Strategic partnerships and collaborations
  • Development of cost-effective and compact devices

Market Segmentation

 
The palm vein scanner market is segmented based on product, technology/component, application, and region. By product, the market includes standalone scanners and integrated systems, with standalone devices currently dominating. By technology, it encompasses NIR sensors, AI-based recognition systems, and cloud-based platforms.
 
In terms of application, key segments include banking, healthcare, government, and corporate sectors. Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
 
This segmentation highlights the diverse applications and technological advancements driving the market, enabling stakeholders to identify growth opportunities across different segments.
 
  • Standalone scanners dominate product segment
  • AI and NIR technologies lead the technology segment
  • Banking and healthcare are key application areas
  • Asia Pacific shows highest regional growth potential
  • Diverse segmentation enables targeted market strategies
 
The Palm Vein Scanner Market is poised for significant growth through 2035, driven by advancements in AI, IoT, and automation. The increasing demand for secure and contactless authentication solutions is expected to accelerate adoption across industries.
 
AI will play a transformative role in enhancing accuracy, speed, and scalability, while IoT integration will expand the application scope in connected environments. Businesses investing in biometric technologies will gain a strategic advantage in ensuring security and operational efficiency.
 
Overall, the market presents strong growth potential, making it a critical component of the future digital security ecosystem.
 
War Impact -
 
Geopolitical tensions and conflicts have had a moderate impact on the palm vein scanner market by disrupting supply chains and affecting the availability of semiconductor components used in biometric devices. However, increased defense and security spending during such periods has also driven demand for advanced biometric systems in government and military applications.
 
  • Supply chain disruptions affecting component availability
  • Increased defense spending boosting biometric demand
  • Delays in international trade impacting market growth
  • Rising need for secure identification in conflict zones
  • Shift toward domestic manufacturing in key regions

Recent Developments

 
Recent developments in the palm vein scanner market include the launch of AI-powered biometric devices with enhanced accuracy and faster processing speeds. Companies are integrating cloud-based platforms to enable remote authentication and data management.
 
Strategic partnerships between technology providers and financial institutions are expanding the adoption of palm vein scanners in digital banking. Additionally, advancements in IoT integration are enabling seamless deployment in smart city projects.
 
FAQs
What is the current market size of the Palm Vein Scanner Market?
The market is valued at approximately USD 0.9 billion in 2025.
 
What is the expected growth rate?
The market is expected to grow at a CAGR of 13.5% from 2025 to 2035.
 
What are the key drivers of the market?
Key drivers include AI integration, rising cybersecurity concerns, and increasing adoption of contactless biometrics.
 
Which region leads the market?
North America currently leads the market.
 
Who are the key players in the market?
Major companies focus on innovation, AI adoption, and strategic partnerships.
 
What are the major market trends?
Trends include AI-powered authentication, IoT integration, and cloud-based biometric systems.
 
What is the future scope of the market?
The market is expected to expand significantly with advancements in AI, automation, and smart city initiatives through 2035.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 GENERAL INCLUSIONS & EXCLUSIONS
           1.2.2 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL
           1.2.3 INCLUSIONS AND EXCLUSIONS AT OFFERING LEVEL
           1.2.4 INCLUSIONS AND EXCLUSIONS AT PRODUCT LEVEL
           1.2.5 INCLUSIONS AND EXCLUSIONS AT AUTHENTICATION LEVEL
           1.2.6 INCLUSIONS AND EXCLUSIONS AT END-USER VERTICAL LEVEL
           1.2.7 INCLUSIONS AND EXCLUSIONS AT APPLICATION LEVEL
    1.3 SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 PALM VEIN SCANNER MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
        FIGURE 2 PALM VEIN SCANNER MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primary interviews
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION
        FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BASED ON SALES
        FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM–UP (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION OF COMPANIES BASED ON SALES
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for estimating market size using bottom-up approach (demand side)
                            FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for estimating market size using top-down approach (supply-side)
                            FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 STUDY LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 48)
  FIGURE 8 COMPARISON CHART FOR PMARKET WITH RESPECT TO IMPACT OF COVID-19
    3.1 PRE-COVID-19
    3.2 PESSIMISTIC SCENARIO (POST-COVID-19)
    3.3 OPTIMISTIC SCENARIO (POST-COVID-19)
    3.4 REALISTIC SCENARIO (POST-COVID-19)
        FIGURE 9 SOFTWARE & SERVICES SEGMENT TO GROW AT HIGHER CAGR FROM 2020 TO 2025
        FIGURE 10 EMBEDDED SYSTEM SEGMENT TO GROW AT HIGHER CAGR FROM 2020 TO 2025
        FIGURE 11 MARKET FOR ACCESS CONTROL & BIOMETRIC IDENTIFICATION TO HOLD LARGEST MARKET SHARE BY 2025
        FIGURE 12 MULTIMODAL BIOMETRIC SYSTEM TO GROW AT HIGHER CAGR FROM 2020 TO 2025
        FIGURE 13 BFSI TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
        FIGURE 14 APAC PALM VEIN SCANNER MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025

4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN PALM VEIN SCANNER MARKET
        FIGURE 15 INCREASING GLOBAL DEMAND IN BFSI AND COMMERCIAL SECTORS SUPPLEMENTED BY ADOPTION OF CONTACTLESS PALM VEIN SCANNER TO SPUR MARKET GROWTH
    4.2 PALM VEIN SCANNER MARKET, BY PRODUCT
        FIGURE 16 FINGER VEIN BIOMETRICS TO ACCOUNT FOR LARGEST SHARE OF MARKET BY 2025
    4.3 APAC: MARKET, BY INDUSTRY & COUNTRY
        FIGURE 17 COMMERCIAL VERTICAL AND SOUTHEAST ASIA TO ACCOUNT FOR LARGEST SHARES OF MARKET IN APAC BY 2025
    4.4 MARKET, BY COUNTRY
        FIGURE 18 MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025

5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Emerging superior benefits of palm vein scanners over other biometric technologies
                            TABLE 1 COMPARISON OF MAJOR BIOMETRICS METHODS
                    5.2.1.2 Increasing need to secure confidential information and data for organizations
                    5.2.1.3 Surging adoption of biometric identification systems in BFSI, healthcare, and commercial sectors
                    5.2.1.4 Expanding government support in Europe for internal biometric techniques owing to GDPR compliance
                    5.2.1.5 Growing partnerships and collaborations between vendors in the ecosystem boosting market proliferation
                            FIGURE 20 MARKET DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High convenience of use in alternative biometric methods such as facial, iris, and voice recognition
                            FIGURE 21 MARKET RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Ongoing technological advancements such as palm biometric smart cards
                    5.2.3.2 Increasing adoption of mobile devices
                    5.2.3.3 Growing demand for touchless biometric systems due to COVID-19
                    5.2.3.4 Emerging initiatives taken by governments to provide unique identity cards to citizens
                    5.2.3.5 Rising demand for all-in-one biometric solutions
                            FIGURE 22 MARKET OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Availability of alternative biometric systems
                    5.2.4.2 Data security concerns related to biometric systems
                            FIGURE 23 MARET CHALLENGES AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 24 VALUE CHAIN ANALYSIS OF MARKET
    5.4 AVERAGE SELLING PRICE TREND
        FIGURE 25 AVERAGE SELLING PRICE TREND FOR PALM VEIN SCANNER
    5.5 MARKET MAP
        FIGURE 26 KEY PLAYERS IN  MARKET ECOSYSTEM
        TABLE 2 MARKET: ECOSYSTEM
           5.5.1 CUMULATIVE SHIPMENT OF FUJITSU PALM VEIN SENSORS’
                 FIGURE 27 CUMULATIVE SHIPMENT OF FUJITSU PALM VEIN SENSORS BETWEEN 2015 AND 2018
    5.6 CASE STUDY ANALYSIS
           5.6.1 SOCIAL SECURITY INSTITUTION (SSI) – TURKISH NATIONAL HEALTH SYSTEM CHOOSE FUJITSU PALMSECURE PALM VEIN AUTHENTICATION
           5.6.2 COMMUNICATION SERVICE CREDIT UNION SELECTS FISERV VERIFAST FOR SECURE AUTHENTICATION AND IDENTIFICATION OF EMPLOYEES
    5.7 REGULATIONS LANDSCAPE
    5.8 PATENT LANDSCAPE
    5.9 TECHNOLOGY ANALYSIS

6 PALM VEIN SCANNER MARKET, BY OFFERING (Page No. - 75)
    6.1 INTRODUCTION
        FIGURE 28 SOFTWARE & SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
        TABLE 3 MARKET, BY OFFERING, 2016–2019 (USD MILLION)
        TABLE 4 MARKET, BY OFFERING, 2020–2025 (USD MILLION)
    6.2 HARDWARE
           6.2.1 MOST PALM VEIN BIOMETRIC DEVICES USE REFLECTION METHOD TO RECOGNIZE VEIN PATTERN
                 TABLE 5 MARKET FOR HARDWARE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 6 MARKET FOR HARDWARE, BY REGION, 2020–2025 (USD MILLION)
    6.3 SOFTWARE & SERVICES
           6.3.1 SDKS IMPORTANT FOR ENSURING TIMELY DELIVERY OF IMPORTANT UPDATES TO BIOMETRIC DEVICE OVER CLOUD
                 TABLE 7 MARKET FOR SOFTWARE & SERVICES, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 8 MARKET FOR SOFTWARE & SERVICES, BY REGION, 2020–2025 (USD MILLION)

7 PALM VEIN SCANNER MARKET, BY PRODUCT (Page No. - 80)
    7.1 INTRODUCTION
        FIGURE 29 PALM VEIN BIOMETRICS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
        TABLE 9 MARKET, BY PRODUCT, 2016–2019 (USD MILLION)
        TABLE 10 MARKET, BY PRODUCT, 2020–2025 (USD MILLION)
    7.2 FINGER VEIN BIOMETRICS
           7.2.1 FINGER VEIN BIOMETRIC SYSTEMS DO NOT LEAVE ANY TRACE DURING AUTHENTICATION PROCESS AND THUS CANNOT BE DUPLICATED
                 TABLE 11 FINGER VEIN BIOMETRIC MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 12 FINGER VEIN BIOMETRIC MARKET, BY REGION, 2020–2025 (USD MILLION)
    7.3 PALM VEIN BIOMETRICS
           7.3.1 DEVELOPMENT OF CONTACTLESS PALM VEIN BIOMETRICS BOOSTED ADOPTION OF PALM VEIN BIOMETRICS
                 TABLE 13 PALM VEIN BIOMETRIC MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 14 PALM VEIN BIOMETRIC MARKET, BY REGION, 2020–2025 (USD MILLION)

8 PALM VEIN SCANNER MARKET, BY AUTHENTICATION (Page No. - 85)
    8.1 INTRODUCTION
        FIGURE 30 MULTIMODAL BIOMETRIC SYSTEM TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
        TABLE 15  MARKET, BY AUTHENTICATION, 2016–2019 (USD MILLION)
        TABLE 16 MARKET, BY AUTHENTICATION, 2020–2025 (USD MILLION)
    8.2 UNIMODAL BIOMETRIC SYSTEM
           8.2.1 INCREASING ADOPTION OF MULTI-FACTOR AUTHENTICATION IN LOW SECURITY APPLICATIONS LED TO CONTINUOUS ADOPTION OF UNIMODAL BIOMETRICS
                 TABLE 17 UNIMODAL BIOMETRIC SYSTEM-BASED MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 18 UNIMODAL BIOMETRIC SYSTEM-BASED  MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.3 MULTIMODAL BIOMETRIC SYSTEM
           8.3.1 MULTIMODAL BIOMETRIC SYSTEM BENEFITS FROM ABILITY TO ELIMINATE SPOOFING THROUGH LIVENESS DETECTION
                 TABLE 19 MULTIMODAL BIOMETRIC SYSTEM-BASED MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 20 MULTIMODAL BIOMETRIC SYSTEM-BASED MARKET, BY REGION, 2020–2025 (USD MILLION)

9 PALM VEIN SCANNER MARKET, BY FUNCTIONALITY (Page No. - 90)
    9.1 INTRODUCTION
        FIGURE 31 PHYSICAL ACCESS CONTROL & BIOMETRIC IDENTIFICATION TO HOLD LARGEST SHARE 0F MARKET IN 2025
        TABLE 21 MARKET, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
        TABLE 22 MARKET, BY FUNCTIONALITY, 2020–2025 (USD MILLION)
    9.2 PHYSICAL ACCESS CONTROL & BIOMETRIC IDENTIFICATION
           9.2.1 SUPERIOR SECURITY AND CONVENIENCE LEADING PALM VEIN SCANNERS TO MAKE BIG DIFFERENCE IN PHYSICAL ACCESS CONTROL & BIOMETRIC IDENTIFICATION
                 TABLE 23 MARKET FOR PHYSICAL ACCESS CONTROL & BIOMETRIC IDENTIFICATION, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 24 MARKET FOR PHYSICAL ACCESS CONTROL & BIOMETRIC IDENTIFICATION, BY REGION, 2020–2025 (USD MILLION)
    9.3 LOGICAL ACCESS CONTROL & BIOMETRIC IDENTIFICATION
           9.3.1 PALM VEIN SCANNERS CAN IMPROVE IT SECURITY AGAINST ILLEGITIMATE ACCESS AND INFORMATION LEAKAGE ON BUSINESS SYSTEMS
                 TABLE 25 MARKET FOR LOGICAL ACCESS CONTROL & BIOMETRIC IDENTIFICATION, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 26 MARKET FOR LOGICAL ACCESS CONTROL & BIOMETRIC IDENTIFICATION, BY REGION, 2020–2025 (USD MILLION)
    9.4 EMBEDDED SYSTEM
           9.4.1 PALM VEIN AUTHENTICATION UNITS INCREASINGLY BEING DEPLOYED AT VARIOUS POS TERMINALS, PRINTERS/COPYING MACHINES, AND PCS
                 TABLE 27 MARKET FOR EMBEDDED SYSTEM, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 28 MARKET FOR EMBEDDED SYSTEM, BY REGION, 2020–2025 (USD MILLION)

10 PALM VEIN SCANNER MARKET, BY END-USER VERTICAL (Page No. - 96)
     10.1 INTRODUCTION
          FIGURE 32 COMMERCIAL SEGMENT TO HOLD LARGEST SHARE OF PALM VEIN SCANNER MARKET IN 2025
          TABLE 29 MARKET, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
          TABLE 30 MARKET, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
     10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
             10.2.1 BANKS AND FINANCIAL INSTITUTIONS IN DEVELOPING COUNTRIES ADOPTING VEIN RECOGNITION BIOMETRICS TO VERIFY CUSTOMERS’ IDENTITIES
                    TABLE 31MARKET FOR BFSI, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 32 MARKET FOR BFSI, BY REGION, 2020–2025 (USD MILLION)
     10.3 COMMERCIAL
             10.3.1 COMPANIES IN RETAIL, SPORTS, HOSPITALITY, IT, AND HEALTHCARE SECTORS DEPLOYING PALM VEIN BIOMETRIC TECHNOLOGY FOR PHYSICAL ACCESS CONTROL
                    TABLE 33 MARKET FOR COMMERCIAL, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 34 MARKET FOR COMMERCIAL, BY REGION, 2020–2025 (USD MILLION)
     10.4 INDUSTRIAL
             10.4.1 PALM VEIN SCANNERS LARGELY USED IN INDUSTRIAL VERTICAL FOR PHYSICAL ACCESS CONTROL
                    TABLE 35MARKET FOR INDUSTRIAL, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 36MARKET FOR INDUSTRIAL, BY REGION, 2020–2025 (USD MILLION)
     10.5 OTHERS
             10.5.1 PALM VEIN SCANNERS BEING DEPLOYED IN RESIDENTIAL PREMISES TO IMPROVE HOME SECURITY
                    TABLE 37MARKET FOR OTHERS (END-USER VERTICAL), BY REGION, 2016–2019 (USD MILLION)
                    TABLE 38 MARKET FOR OTHERS (END-USER VERTICAL), BY REGION, 2020–2025 (USD MILLION)

11 PALM VEIN SCANNER MARKET, BY APPLICATION (Page No. - 103)
     11.1 INTRODUCTION
          FIGURE 33 ACCESS CONTROL & BIOMETRIC IDENTIFICATION SEGMENT TO HOLD LARGEST SHARE OF PALM VEIN SCANNER MARKET IN 2025
          TABLE 39 MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
          TABLE 40 MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
     11.2 ACCESS CONTROL AND BIOMETRIC IDENTIFICATION
             11.2.1 RESIDENTIAL HOUSES INSTALLING DOOR ACCESS CONTROL SYSTEM TO ADD EXTRA LAYER OF SECURITY TO THEIR HOME PREMISES
                    TABLE 41 MARKET FOR ACCESS CONTROL AND BIOMETRIC IDENTIFICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 42 MARKET FOR ACCESS CONTROL AND BIOMETRIC IDENTIFICATION, BY REGION, 2020–2025 (USD MILLION)
     11.3 OEM TERMINAL DEVICES
             11.3.1 CONTACTLESS PALM VEIN AND FINGER VEIN BIOMETRIC SCANNERS EXPERIENCED HIGH ADOPTION IN PAYMENT SYSTEMS
                    TABLE 43 MARKET FOR OEM TERMINAL DEVICES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 44 MARKET FOR OEM TERMINAL DEVICES, BY REGION, 2020–2025 (USD MILLION)
     11.4 USER AUTHENTICATION
             11.4.1 FINGER VEIN AND PALM VEIN BIOMETRIC TECHNOLOGIES OFFER ADDITIONAL LAYER OF SECURITY TO HOME COMPUTERS AND WORKSTATIONS
                    TABLE 45  MARKET FOR USER AUTHENTICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 46 MARKET FOR USER AUTHENTICATION, BY REGION, 2020–2025 (USD MILLION)
     11.5 OTHERS
          TABLE 47 MARKET FOR OTHERS (APPLICATION), BY REGION, 2016–2019 (USD MILLION)
          TABLE 48 MARKET FOR OTHERS (APPLICATION), BY REGION, 2020–2025 (USD MILLION)

12 GEOGRAPHIC ANALYSIS (Page No. - 110)
     12.1 INTRODUCTION
          FIGURE 34 MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 49 MARKET, BY REGION, 2016–2019 (USD MILLION)
          TABLE 50 PALM VEIN SCANNER MARKET, BY REGION, 2020–2025 (USD MILLION)
     12.2 NORTH AMERICA
          FIGURE 35 SNAPSHOT: MARKET IN NORTH AMERICA
          TABLE 51 MARKET IN NORTH AMERICA, BY OFFERING, 2016–2019 (USD MILLION)
          TABLE 52 MARKET IN NORTH AMERICA, BY OFFERING, 2020–2025 (USD MILLION)
          TABLE 53 MARKET IN NORTH AMERICA, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
          TABLE 54  MARKET IN NORTH AMERICA, BY FUNCTIONALITY, 2020–2025 (USD MILLION)
          TABLE 55 MARKET IN NORTH AMERICA, BY AUTHENTICATION, 2016–2019 (USD MILLION)
          TABLE 56 MARKET IN NORTH AMERICA, BY AUTHENTICATION, 2020–2025 (USD MILLION)
          TABLE 57 MARKET IN NORTH AMERICA, BY PRODUCT, 2016–2019 (USD MILLION)
          TABLE 58 MARKET IN NORTH AMERICA, BY PRODUCT, 2020–2025 (USD MILLION)
          TABLE 59 MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
          TABLE 60 MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 61 MARKET IN NORTH AMERICA, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
          TABLE 62 MARKET IN NORTH AMERICA, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
          TABLE 63 MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 64 MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
             12.2.1 US
                        12.2.1.1 Increasing digitalization and adoption of smart technologies have led to rising demand for finger vein and palm vein biometric products
                                 TABLE 65 MARKET IN US, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 66 MARKET IN US, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 67 MARKET IN US, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 68 MARKET IN US, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.2.2 CANADA
                        12.2.2.1 Canada has made several amendments related to biometrics and privacy laws to promote use of biometric technologies
                                 TABLE 69 MARKET IN CANADA, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 70 MARKET IN CANADA, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 71 MARKET IN CANADA, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 72 MARKET IN CANADA, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.2.3 MEXICO
                        12.2.3.1 Mexico deployed biometric solutions at airports and country borders to improve national security and strengthen border control
                                 TABLE 73 MARKET IN MEXICO, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 74  MARKET IN MEXICO, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 75 MARKET IN MEXICO, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 76 MARKET IN MEXICO, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.2.4 IMPACT OF COVID-19 ON THE NORTH AMERICA
                        12.2.4.1 Falling demand for high-cost multimodal biometric solutions in US to affect growing demand for palm vein scanners and solutions
                                 FIGURE 36 NORTH AMERICA: COMPARISON OF PRE- & POST-COVID-19 SCENARIOS FOR PALM VEIN SCANNER MARKET, 2016–2025 (USD MILLION)
                                 TABLE 77 NORTH AMERICA: COMPARISON OF PRE- & POST-COVID-19 SCENARIOS FOR MARKET, 2016–2025 (USD MILLION)
                        12.2.4.2 COVID-19 impact on US
                        12.2.4.3 COVID-19 impact on Canada
                        12.2.4.4 COVID-19 impact on Mexico
     12.3 EUROPE
          FIGURE 37 SNAPSHOT: PALM VEIN SCANNER MARKET IN EUROPE
          TABLE 78 MARKET IN EUROPE, BY OFFERING, 2016–2019 (USD MILLION)
          TABLE 79 MARKET IN EUROPE, BY OFFERING, 2020–2025 (USD MILLION)
          TABLE 80  MARKET IN EUROPE, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
          TABLE 81  MARKET IN EUROPE, BY FUNCTIONALITY, 2020–2025 (USD MILLION)
          TABLE 82 MARKET IN EUROPE, BY AUTHENTICATION, 2016–2019 (USD MILLION)
          TABLE 83 MARKET IN EUROPE, BY AUTHENTICATION, 2020–2025 (USD MILLION)
          TABLE 84 MARKET IN EUROPE, BY PRODUCT, 2016–2019 (USD MILLION)
          TABLE 85 MARKET IN EUROPE, BY PRODUCT, 2020–2025 (USD MILLION)
          TABLE 86 MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION)
          TABLE 87 MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 88 MARKET IN EUROPE, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
          TABLE 89 MARKET IN EUROPE, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
          TABLE 90 MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 91 MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
             12.3.1 GERMANY
                        12.3.1.1 Growing adoption of biometric access control systems in construction and ICT sectors to spur market growth
                                 TABLE 92 MARKET IN GERMANY, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 93 MARKET IN GERMANY, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 94 MARKET IN GERMANY, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 95 MARKET IN GERMANY, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.3.2 UK
                        12.3.2.1 UK to register largest market size of palm vein scanner market
                                 TABLE 96 MARKET IN UK, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 97 MARKET IN UK, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 98 MARKET IN UK, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 99 MARKET IN UK, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.3.3 CENTRAL EUROPE
                        12.3.3.1 Implementation of GDPR further accelerated adoption of palm vein and finger vein authentication systems in Central Europe
                                 TABLE 100 PALM VEIN SCANNER MARKET IN CENTRAL EUROPE, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 101 MARKET IN CENTRAL EUROPE, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 102 MARKET IN CENTRAL EUROPE, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 103 MARKET IN CENTRAL EUROPE, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.3.4 REST OF EUROPE
                    TABLE 104 MARKET IN REST OF EUROPE, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 105 MARKET IN REST OF EUROPE, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 106 MARKET IN REST OF EUROPE, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                    TABLE 107 MARKET IN REST OF EUROPE, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.3.5 IMPACT OF COVID-19 ON EUROPE
                        12.3.5.1 Revival and progression of healthcare industry to increase demand for advanced contactless biometric solutions such as palm vein and finger vein scanners
                                 FIGURE 38 EUROPE: COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS FOR MARKET, 2016–2025 (USD MILLION)
                    &nbnbsp;            TABLE 108 EUROPE: COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS FOR PALM VEIN SCANNER MARKET, 2016–2025 (USD MILLION)
                        12.3.5.2 COVID-19 impact on Germany
                        12.3.5.3 COVID-19 impact on UK
                        12.3.5.4 COVID-19 impact on Central Europe
                        12.3.5.5 COVID-19 impact on Rest of Europe
     12.4 APAC
          FIGURE 39 SNAPSHOT: MARKET IN APAC
          TABLE 109 MARKET IN APAC, BY OFFERING, 2016–2019 (USD MILLION)
          TABLE 110  MARKET IN APAC, BY OFFERING,2020–2025 (USD MILLION)
          TABLE 111 MARKET IN APAC, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
          TABLE 112  MARKET IN APAC, BY FUNCTIONALITY, 2020–2025 (USD MILLION)
          TABLE 113  MARKET IN APAC, BY AUTHENTICATION, 2016–2019 (USD MILLION)
          TABLE 114 PALM VEIN SCANNER MARKET IN APAC, BY AUTHENTICATION, 2020–2025 (USD MILLION)
          TABLE 115 MARKET IN APAC, BY PRODUCT, 2016–2019 (USD MILLION)
          TABLE 116 MARKET IN APAC, BY PRODUCT, 2020–2025 (USD MILLION)
          TABLE 117  MARKET IN APAC, BY APPLICATION,2016–2019 (USD MILLION)
          TABLE 118 MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 119 MARKET IN APAC, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
          TABLE 120  MARKET IN APAC, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
          TABLE 121 MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 122 MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
             12.4.1 JAPAN
                        12.4.1.1 Presence of several biometric market pioneers, including Fujitsu, Hitachi, and NEC Corporation, to drive market growth
                                 TABLE 123  MARKET IN JAPAN, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 124  MARKET IN JAPAN, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 125  MARKET IN JAPAN, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 126MARKET IN JAPAN, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.4.2 CHINA
                        12.4.2.1 China to hold largest market share in APAC
                                 TABLE 127  MARKET IN CHINA, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 128  MARKET IN CHINA, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 129 MARKET IN CHINA, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 130  MARKET IN CHINA, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.4.3 SOUTHEAST ASIA
                        12.4.3.1 Improving economic infrastructure in Southeast Asia has led to increasing adoption and widespread implementation of biometric solutions in government and public sectors
                                 TABLE 131MARKET IN SOUTHEAST ASIA, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 132  MARKET IN SOUTHEAST ASIA, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 133 MARKET IN SOUTHEAST ASIA, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 134 MARKET IN SOUTHEAST ASIA, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.4.4 REST OF APAC
                        12.4.4.1 Several credit card companies in South Korea launched finger vein payment systems to offer added convenience in making payments
                                 TABLE 135 MARKET IN REST OF APAC, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 136 MARKET IN REST OF APAC, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 137 MARKET IN REST OF APAC, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 138MARKET IN REST OF APAC, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.4.5 IMPACT OF COVID-19 ON APAC
                        12.4.5.1 Bounce back of palm vein scanner market in APAC could be driven by improving demand in BFSI, hospitality, healthcare, and public sectors
                                 FIGURE 40 COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS FOR MARKET IN APAC, 2016–2025 (USD MILLION)
                                 TABLE 139 COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS FOR MARKET IN APAC, 2016–2025 (USD MILLION)
                        12.4.5.2 COVID-19 impact on China
                        12.4.5.3 COVID-19 impact on Japan
                        12.4.5.4 COVID-19 impact on Southeast Asia
                        12.4.5.5 COVID-19 impact on Rest of APAC
     12.5 REST OF THE WORLD (ROW)
          TABLE 140 MARKET IN ROW, BY OFFERING, 2016–2019 (USD MILLION)
          TABLE 141 MARKET IN ROW, BY OFFERING, 2020–2025 (USD MILLION)
          TABLE 142  MARKET IN ROW, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
          TABLE 143 MARKET IN ROW, BY FUNCTIONALITY, 2020–2025 (USD MILLION)
          TABLE 144  MARKET IN ROW, BY AUTHENTICATION, 2016–2019 (USD MILLION)
          TABLE 145 PALM VEIN SCANNER MARKET IN ROW, BY AUTHENTICATION, 2020–2025 (USD MILLION)
          TABLE 146 MARKET IN ROW, BY PRODUCT, 2016–2019 (USD MILLION)
          TABLE 147 MARKET IN ROW, BY PRODUCT, 2020–2025 (USD MILLION)
          TABLE 148  MARKET IN ROW, BY APPLICATION, 2016–2019 (USD MILLION)
          TABLE 149 MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 150 MARKET IN ROW, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
          TABLE 151 MARKET IN ROW, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
          TABLE 152 MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
          TABLE 153 MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
             12.5.1 MIDDLE EAST
                        12.5.1.1 Governments in UAE and Saudi Arabia implementing contactless biometric solutions for biometric registration of travelers and for border control
                                 TABLE 154 MARKET IN MIDDLE EAST, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 155 MARKET IN MIDDLE EAST, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 156 MARKET IN MIDDLE EAST, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 157 MARKET IN MIDDLE EAST, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.5.2 AFRICA
                        12.5.2.1 Rising outside investments helped South Africa and Egypt to improve their overall economic infrastructure
                                 TABLE 158MARKET IN AFRICA, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 159 PMARKET IN AFRICA, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 160 MARKET IN AFRICA, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 161 MARKET IN AFRICA, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.5.3 SOUTH AMERICA
                        12.5.3.1 Brazil—largest adopter of advanced biometric solutions among South American countries
                                 TABLE 162 MARKET IN SOUTH AMERICA, BY OFFERING, 2016–2019 (USD MILLION)
                                 TABLE 163MARKET IN SOUTH AMERICA, BY OFFERING, 2020–2025 (USD MILLION)
                                 TABLE 164 MARKET IN SOUTH AMERICA, BY END-USER VERTICAL, 2016–2019 (USD MILLION)
                                 TABLE 165 MARKET IN SOUTH AMERICA, BY END-USER VERTICAL, 2020–2025 (USD MILLION)
             12.5.4 IMPACT OF COVID-19 ON REST OF THE WORLD (ROW)
                        12.5.4.1 Government spending on improving economic infrastructure, including promoting contactless biometric solutions, to decline
                                 FIGURE 41 COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS FOR MARKET IN ROW, 2016–2025 (USD MILLION)
                                 TABLE 166 COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS FOR MARKET IN ROW, 2016–2025 (USD MILLION)
                        12.5.4.2 COVID-19 impact on Middle East
                        12.5.4.3 COVID-19 impact on Africa
                        12.5.4.4 COVID-19 impact on South America

13 COMPETITIVE LANDSCAPE (Page No. - 167)
     13.1 OVERVIEW
          FIGURE 42 COMPANIES ADOPTED PARTNERSHIPS AND CONTRACTS AS KEY GROWTH STRATEGIES FROM JANUARY 2016 TO SEPTEMBER 2020
     13.2 MARKET SHARE AND RANKING ANALYSIS
          FIGURE 43 MARKET: MARKET SHARE ANALYSIS
          TABLE 167 MARKET: MARKET SHARE ANALYSIS
          TABLE 168 MARKET: MARKET RANKING ANALYSIS
     13.3 COMPANY EVALUATION QUADRANT
          FIGURE 44 PALM VEIN SCANNER MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2019
             13.3.1 STAR
             13.3.2 PERVASIVE
             13.3.3 EMERGING LEADER
             13.3.4 PARTICIPANT
     13.4 COMPETITIVE BENCHMARKING
             13.4.1 STRENGTH OF PRODUCT PORTFOLIO (FOR 18 COMPANIES)
                    FIGURE 45 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN PALM VEIN SCANNER MARKET
             13.4.2 BUSINESS STRATEGY EXCELLENCE (FOR 18 COMPANIES)
                    FIGURE 46 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN PALM VEIN SCANNER MARKET
     13.5 STARTUP/SME EVALUATION MATRIX, 2019
          FIGURE 47 PALM VEIN SCANNER MARKET (GLOBAL) STARTUP/SME EVALUATION MATRIX, 2019
             13.5.1 PROGRESSIVE COMPANIES
             13.5.2 RESPONSIVE COMPANIES
             13.5.3 DYNAMIC COMPANIES
             13.5.4 STARTING BLOCKS
     13.6 COMPETITIVE SCENARIO AND TRENDS
             13.6.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                    TABLE 169 PALM VEIN SCANNER MARKET: KEY PRODUCT LAUNCHES AND DEVELOPMENTS (JANUARY 2016–SEPTEMBER 2020)
             13.6.2 DEALS
                    TABLE 170 KEY DEALS (JANUARY 2016–SEPTEMBER 2020)

14 COMPANY PROFILE (Page No. - 181)
     14.1 INTRODUCTION
(Business Overview, Products/Solutions/Services Offered, Recent Developments, COVID-19 impact, and MnM View (Key strengths/ Right to win/ Strategic choices made/ Weaknesses and competitive threats))*
     14.2 KEY PLAYERS
             14.2.1 FUJITSU LTD.
                    FIGURE 48 FUJITSU LTD.: COMPANY SNAPSHOT
             14.2.2 HITACHI, LTD.
                    FIGURE 49 HITACHI, LTD.: COMPANY SNAPSHOT
             14.2.3 NEC CORPORATION
                    FIGURE 50 NEC CORPORATION: COMPANY SNAPSHOT
             14.2.4 M2SYS TECHNOLOGY
             14.2.5 BIOSEC GROUP LTD.
             14.2.6 EPORTATION, INC.
             14.2.7 IDLINK SYSTEMS PTE LTD.
             14.2.8 BIOENABLE TECHNOLOGIES PVT. LTD.
             14.2.9 MOFIRIA CORPORATION
             14.2.10 DAKAR SOFTWARE SYSTEMS
             14.2.11 RECOGTECH B.V.
     14.3 5-YEAR COMPANY REVENUE ANALYSIS
          FIGURE 51 REVENUE ANALYSIS FOR KEY COMPANIES IN PAST 5 YEARS
     14.4 OTHER IMPORTANT PLAYERS
             14.4.1 IPROOV
             14.4.2 REDROCK BIOMETRICS
             14.4.3 FISERV, INC.
             14.4.4 RAVIRAJ TECHNOLOGIES
             14.4.5 IMPRIVATA, INC.
             14.4.6 TIME SYSTEMS (UK) LTD
             14.4.7 GLOBAL ID SA
             14.4.8 XCELTECH INTERNATIONAL PTE LTD.
             14.4.9 IDENTYTECH SOLUTIONS LTD.
             14.4.10 CRUCIALTRAK, INC.
             14.4.11 MANTRA SOFTECH (INDIA) PVT. LTD.
             14.4.12 MATRIX COMSEC PVT. LTD.
             14.4.13 FINGOPAY (A STHALER COMPANY)
             14.4.14 IDEMIA
             14.4.15 NEUROTECHNOLOGY
             14.4.16 NORMEE LIMITED.

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, COVID-19 impact, and MnM View (Key strengths/ Right to win/ Strategic choices made/ Weaknesses and competitive threats)might not be captured in case of unlisted companies.

15 APPENDIX (Page No. - 213)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 QUESTIONNAIRE FOR MARKET
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

The study involved four major activities for estimating the size of the palm vein scanner market. Exhaustive secondary research has been carried out to collect information relevant to the market, its peer markets, and its parent market. Primary research has been undertaken to validate key findings, assumptions, and sizing with industry experts across the palm vein scanner market's value chain. Both top-down and bottom-up approaches have been employed to estimate the complete market size. It has been followed by the market breakdown and data triangulation methods to estimate the size of different segments and subsegments of the market.

Secondary Research

The research methodology that has been used to estimate and forecast the size of the palm vein scanner market began with the acquisition of data related to the revenues of key vendors in the market through secondary research. Moreover, the study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the palm vein scanner market. Vendor offerings have been taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors; directories; and databases.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the palm vein scanner market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand and supply-side players across key regions, namely, North America, Europe, APAC, and the Middle East, Africa & South America. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents.

Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings described in the remainder of this report.

Palm Vein Scanner Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the palm vein scanner market's size and segments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research
  • The supply chain and the size of the palm vein scanner market, in terms of value, have been determined through primary and secondary research processes
  • Several primary interviews have been conducted with key opinion leaders related to the palm vein scanner market, including key OEMs, IDMs, and Tier I suppliers.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
  • Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been considered while calculating and forecasting the market size.

Palm Vein Scanner Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each segment and subsegment of the market. The data has been triangulated by studying various factors and trends from the palm vein scanner market's demand and supply sides.

Report Objectives

  • To describe, segment, and forecast the overall size of the palm vein scanner market based on offering, product, authentication, functionality, end-user vertical, application, and region
  • To describe, analyze, and forecast the market size for various segments with regard to 3 main regions—Asia Pacific (APAC), North America, Europe, Middle East Africa, and South America
  • To analyze and forecast the market size, in terms of value (USD million/billion), for the palm vein scanner market
  • To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To briefly describe the palm vein scanner value chain
  • To segment and forecast the palm vein scanner market size by offering (hardware and software & services)
  • To segment and forecast the palm vein scanner market size by product (palm vein biometrics and finger vein biometrics)
  • To segment and forecast the palm vein scanner market size by authentication (unimodal biometric system and multimodal biometric system)
  • To segment and forecast the palm vein scanner market size by functionality (physical access control & biometric authentication, logical access control & biometric authentication, and embedded system)
  • To segment and forecast the palm vein scanner market size by end-user vertical (BFSI, commercial, and industrial)
  • To segment and forecast the palm vein scanner market size by application (access control & biometric identification, user authentication, and OEM terminal devices)
  • To forecast the palm vein scanner market size in key regions, namely, North America, Asia Pacific (APAC), Europe, and the Middle East, Africa (MEA), and South America
  • To analyze competitive developments such as product launches and developments, partnerships, acquisitions, contracts, expansions, and research and development (R&D) activities in the palm vein scanner market

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Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of the palm vein scanner market
  • Estimation of the market size of the segments of the palm vein scanner market based on different subsegments
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