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Global Vein Recognition Biometrics Market in BFSI Sector 2015-2019

  • Published: Sep 2015
  • Pages: 64
  • SKU: IRTNTR7016
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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 America

Key vendors

  • FUJITSU
  • Hitachi 
  • M2SYS Technology
  • NEC
  • Safran

Other prominent vendors

  • 3M Cogent
  • BioEnable
  • IdentyTech Solutions
  • IDLink Systems
  • Mantra Softech
  • Matrix Security Solutions
  • Mofiria
  • PalmSure
  • Tyco

Key market driver

  • Shift from fingerprint to finger vein recognition biometrics in BFSI sector
  • For a full, detailed list, view our report

Key market challenge

  • Privacy issues with biometric data
  • For a full, detailed list, view our report

Key market trend

  • Introduction of palm vein recognition biometrics in smartphones
  • 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?

PART 01: Executive summary
Highlights 
PART 02: Scope of the report
Market overview 
PART 03: Market research methodology
Research methodology 
Economic indicators 
PART 04: Introduction
Key market highlights 
PART 05: Market description
Types of vein recognition biometrics 
Working of palm vein recognition biometrics 
Working of finger vein recognition biometrics 
Advantages and disadvantages of vein recognition biometrics 
PART 06: Market developments
PART 07: Market landscape
Market overview 
Share of vein recognition biometrics in BFSI sector 
Global vein recognition biometrics market in BFSI sector 
Product Lifecycle 
Five forces analysis 
PART 08: Technology Segmentation
Global vein recognition biometrics market in BFSI sector 2014-2019 
Global finger vein biometrics market in the BFSI sector 
Global palm vein market in the BFSI sector 
PART 09: Geographical segmentation
Global vein recognition biometrics market in BFSI sector by geographical segmentation 2014-2019 
Vein recognition biometrics market in BFSI sector in North America 
Vein recognition biometrics market in BFSI sector in APAC 
Vein recognition biometrics market in BFSI sector in Europe 
Vein recognition biometrics market in BFSI sector in Latin America 
Vein recognition biometrics market in BFSI sector in MEA 
PART 10: Market trends
PART 11: Market growth inhibitors
PART 12: Vendor landscape
Key vendors matrix 
Key vendors description 
Key vendor's news updates 
Other prominent vendors 
PART 13: Key vendor analysis
Fujitsu 
Hitachi America 
M2SYS Technology 
NEC 
Safran 
PART 14: Appendix
List of abbreviation 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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