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Global Vein Recognition Biometrics Market in BFSI sector 2015-2019

About vein recognition biometrics in BFSI sector

The demand for highly reliable and accessible personal authentication and identification systems is increasing in the BFSI sector because of the growing instances of security vulnerabilities and transactional fraudulent in this sector. Biometrics is a suitable and reliable solution as it is based on the behavioral and physiological characteristics of an individual, which is difficult to replicate. Biometrics involves the identification, verification, and authentication of an individual by evaluating one or more unique biological traits such as voice, hand geometry, DNA, gait, fingerprint, facial expression, and vein recognition. Biometrics is considered to be more reliable than physical devices and numeric codes as biometric traits are not prone to any change.

Vein recognition biometrics is gaining importance in the BFSI sector for applications such as logical access control, physical access control, mobile banking, branch banking, kiosks, ATM, and safe deposit locker. Vein recognition biometrics is used for security purpose in the BFSI sector to protect customers from data breaches and identity theft.

Technavio's analysts forecast the global vein recognition biometrics market in the BFSI sector to grow at a CAGR of 27.83% over the period 2014-2019.

Covered in this report

This report covers the present scenario and the growth prospects of the global vein recognition biometrics market in the BFSI sector for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of vein biometric solutions including hardware, software, integrated solutions, and services offered in the BFSI sector. Revenues generated from aftersales services are not included to calculate the market size.

Technavio's report, Global Vein Recognition Biometrics Market in the BFSI Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, Latin America, MEA, and North America; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key regions

APAC

Europe

Latin America

MEA

North AmericaKey vendors

FUJITSU

Hitachi

M2SYS Technology

NEC

SafranOther prominent vendors

3M Cogent

BioEnable

IdentyTech Solutions

IDLink Systems

Mantra Softech

Matrix Security Solutions

Mofiria

PalmSure

TycoKey market driver

Shift from fingerprint to finger vein recognition biometrics in BFSI sector

For a full, detailed list, view our reportKey market challenge

Privacy issues with biometric data

For a full, detailed list, view our reportKey market trend

Introduction of palm vein recognition biometrics in smartphones

For a full, detailed list, view our reportKey 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?


  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market description
    • Types of vein recognition biometrics
      • Table Types of vein recognition biometrics
    • Working of palm vein recognition biometrics
      • Table Working of palm vein recognition biometrics
    • Working of finger vein recognition biometrics
      • Table Working of finger vein recognition biometrics
    • Advantages and disadvantages of vein recognition biometrics
  • Market developments
  • Market landscape
    • Market overview
      • Table Overview of global vein recognition biometrics in BFSI sector
    • Share of vein recognition biometrics in BFSI sector
      • Table Share of vein recognition biometrics in BFSI sector 2014-2019
    • Global vein recognition biometrics market in BFSI sector
      • Table Global vein recognition biometrics market in BFSI sector 2014-2019 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Technology Segmentation
    • Global vein recognition biometrics market in BFSI sector 2014-2019
      • Table Global vein recognition biometrics market in BFSI sector 2014-2019
    • Global finger vein biometrics market in BFSI sector
      • Table Global finger vein biometrics market in BFSI sector 2014-2019 ($ millions)
    • Global palm vein biometrics market in BFSI sector
      • Table Global palm vein biometrics market in BFSI sector 2014-2019 ($ millions)
  • Geographical segmentation
    • Global vein recognition biometrics market in BFSI sector by geographical segmentation 2014-2019
      • Table Global vein recognition biometrics market in BFSI sector by geographical segmentation 2014-2019
    • Vein recognition biometrics market in BFSI sector in North America
      • Table Vein recognition biometrics market in BFSI sector in North America 2014-2019 ($ millions)
    • Vein recognition biometrics market in BFSI sector in APAC
      • Table Vein recognition biometrics market in BFSI sector in APAC 2014-2019 ($ millions)
    • Vein recognition biometrics market in BFSI sector in Europe
      • Table Vein recognition biometrics market in BFSI sector in Europe 2014-2019 ($ millions)
    • Vein recognition biometrics market in BFSI sector in Latin America
      • Table Vein recognition biometrics market in BFSI sector in Latin America 2014-2019 ($ millions)
    • Vein recognition biometrics market in BFSI sector in MEA
      • Table Vein recognition biometrics market in BFSI sector in MEA 2014-2019 ($ millions)
  • Market trends
  • Market growth inhibitors
  • Vendor landscape
    • Key vendors matrix
    • Key vendor description
    • Key vendor news
    • Other prominent vendors
  • Key vendor analysis
    • Fujitsu
    • Hitachi
    • M2SYS Technology
    • NEC
    • Safran
  • Appendix
    • List of abbreviation
  • Explore Technavio

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