Palm Vein Biometrics

Palm Vein Biometrics

Global Palm Vein Biometrics Market to Reach $2.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Palm Vein Biometrics estimated at US$790.4 Million in the year 2020, is projected to reach a revised size of US$2.7 Billion by 2027, growing at a CAGR of 19% over the analysis period 2020-2027. Healthcare, one of the segments analyzed in the report, is projected to record a 21.9% CAGR and reach US$552.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Education segment is readjusted to a revised 14.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $235.9 Million, While China is Forecast to Grow at 18.4% CAGR

The Palm Vein Biometrics market in the U.S. is estimated at US$235.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$463.3 Million by the year 2027 trailing a CAGR of 18.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 15.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

BFSI Segment to Record 19.2% CAGR

In the global BFSI segment, USA, Canada, Japan, China and Europe will drive the 19.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$369.8 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$305.5 Million by the year 2027.We bring years of research experience to this 7th edition of our report. The 116-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • BioEnable Technologies Pvt. Ltd.
  • Fujitsu Ltd.
  • IdentyTech Solutions Ltd.
  • iDLink Systems Pte Ltd.
  • Imprivata, Inc.
  • M2SYS Technology
  • Mantra Softech (India) Pvt., Ltd.
  • Matrix Security Solutions


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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Palm Vein Biometrics Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Palm Vein Biometrics Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Palm Vein Biometrics Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Healthcare (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
TABLE 4: Healthcare (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
TABLE 5: Education (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
TABLE 6: Education (End-Use) Market Share Shift across Key Geographies: 2020 VS 2027
TABLE 7: BFSI (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 8: BFSI (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 9: Other End-Uses (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 10: Other End-Uses (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Palm Vein Biometrics Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 11: United States Palm Vein Biometrics Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
TABLE 12: Palm Vein Biometrics Market Share Breakdown in the United States by End-Use: 2020 VS 2027
CANADA
TABLE 13: Canadian Palm Vein Biometrics Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 14: Canadian Palm Vein Biometrics Market Share Analysis by End-Use: 2020 VS 2027
JAPAN
TABLE 15: Japanese Demand Estimates and Forecasts for Palm Vein Biometrics in US$ Thousand by End-Use: 2020 to 2027
TABLE 16: Palm Vein Biometrics Market Share Shift in Japan by End-Use: 2020 VS 2027
CHINA
TABLE 17: Chinese Demand for Palm Vein Biometrics in US$ Thousand by End-Use: 2020 to 2027
TABLE 18: Chinese Palm Vein Biometrics Market Share Breakdown by End-Use: 2020 VS 2027
EUROPE
Market Facts & Figures
European Palm Vein Biometrics Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 19: European Palm Vein Biometrics Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 20: European Palm Vein Biometrics Market Share Shift by Region/Country: 2020 VS 2027
TABLE 21: European Palm Vein Biometrics Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 22: European Palm Vein Biometrics Market Share Analysis by End-Use: 2020 VS 2027
FRANCE
TABLE 23: Palm Vein Biometrics Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027
TABLE 24: French Palm Vein Biometrics Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
GERMANY
TABLE 25: Palm Vein Biometrics Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
TABLE 26: Palm Vein Biometrics Market Share Distribution in Germany by End-Use: 2020 VS 2027
ITALY
TABLE 27: Italian Demand for Palm Vein Biometrics in US$ Thousand by End-Use: 2020 to 2027
TABLE 28: Italian Palm Vein Biometrics Market Share Breakdown by End-Use: 2020 VS 2027
UNITED KINGDOM
TABLE 29: United Kingdom Demand Estimates and Forecasts for Palm Vein Biometrics in US$ Thousand by End-Use: 2020 to 2027
TABLE 30: Palm Vein Biometrics Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027
REST OF EUROPE
TABLE 31: Rest of Europe Palm Vein Biometrics Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 32: Rest of Europe Palm Vein Biometrics Market Share Analysis by End-Use: 2020 VS 2027
ASIA-PACIFIC
TABLE 33: Palm Vein Biometrics Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027
TABLE 34: Asia-Pacific Palm Vein Biometrics Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
REST OF WORLD
TABLE 35: Rest of World Palm Vein Biometrics Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 36: Rest of World Palm Vein Biometrics Market Share Analysis by End-Use: 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 46

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