Security has been a key concern for enterprises, banks, government organizations, telecommunication and hospitals as well as for individuals to secure data and assets. Keys, identity badges, and numeric keypads are used to prevent unauthorised access. Hand geometry biometrics deals with the structure of palm and fingers of an individual, width of the fingers, and thickness of the palm. Hand geometry scanners with infrared light and reflectors can be used for capturing the image. Since these features of an individual are not unique, hand geometry biometrics is not considered to be a fruitful method for the identification and verification of individuals. However, organizations are integrating hand geometry biometrics with smart cards to ensure improved verification of individuals. Multimodal biometrics is also another technique that is being used for authenticating individuals.
Technavio's analysts forecast the global hand geometry biometrics market to grow at a CAGR of 22.09% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global hand geometry biometrics market for the period 2015-2019.
To calculate the market size, the report considers the revenue generated from the sales of hand geometry biometric solutions. These include sensor, scanners, software, hardware, integrated solutions, and database for hand geometry provided by vendors. In addition, the report includes revenue generated from hardware, software, and integrated solutions. Revenues generated from after sales services are not included to calculate the market size.
The report provides a detailed analysis of the following:
End-users: Enterprises, residential users, and government sector
Geographies: North America, APAC, Europe, Latin America, and MEA
The market is highly fragmented with the presence of a large number of small and large vendors. A detailed product and feature comparison for the key leading vendors is provided in the report.
In addition, the report discusses the major drivers that influence the growth of the global hand geometry biometrics market. It also outlines the risks faced by vendors and the market at large, as well as the key trends that are emerging in the market.Technavio's report, Global Hand Geometry Biometrics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Other prominent vendors
Acroprint Time Recorder
For a full, detailed list, view our report
Securing premises with multimodal biometrics
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Technavio Announces the Publication of its Research Report – Global Hand Geometry Biometrics Market 2015-2019 Technavio recognizes the following companies as the key players in the Global Hand Geometry Biometrics Market: Allegion, ATR Systems, Honeywell Security and Tyco Other Prominent Vendors in the market are: Acroprint Time Recorder, Ibiosoft, Inception Technology and Uniclox Technologies Commenting on the report, an analyst from Technavio’s team said: “Multimodal biometrics include a combination of two or more biometric technologies for verification and identification purposes. In certain situations, one form of biometric identification does not provide accurate results. Multimodal biometrics are more accurate because they identify individuals using two or more biometrics, such as a combination of hand patterns, irises, and voice. These biometric systems are more accurate, reliable, secure, and capable of preventing spoofing attacks. Therefore, these systems are widely used by border security forces. Some multimodal biometrics are available with both fingerprint and hand geometry recognition in a single device, which is very cost-effective.” According to the report, hand geometry biometrics are highly durable and have the ability to function in harsh environments. In the government sector, they are being used for time and attendance management. Also, they help control unauthorized access to secure areas of an organization. Contactless hand geometry biometric devices are not affected by soiled hands of workers at construction sites. The technology can be used at government utilities such as nuclear plants, water treatment plants, and oil and gas plants as the devices are resistant to high temperatures in the range of -30°F-150°F. Also, the technology is more efficient than other biometric technologies. Further, the report states that biometric data stored in a government database during enrollment processes can be misused by government agencies for surveillance purposes without consent.