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A hand geometry biometric solution recognize the user identity by the dimension of their hands. This technology measures a user's hand along several extents and match those dimensions to measurements stored in a file. Owing to the public acceptance of biometric systems across the globe, the execution of this biometric technology in numerous end use industries has added extra value in last few decades. In addition, this hand geometry biometrics technology is a major invention of the global biometric technologies industry. There are numerous key features has added valuation of this technology which includes efficient use and on time result, security benefits and functional integration among others are expected to drive the growth of this product market during the forecast period. The global Hand Geometry Biometric market is well-established, owing to widespread use in time & attendance maintenance applications in various end use industry. This hand geometry biometric technology also majorly finds widespread use in time & attendance maintenance applications. The market of hand geometry biometric is predicted to be stable during the forecast period from 2017 to 2025.

The global Hand Geometry Biometric market has been segmented on the basis of end use and geography. Based on end use, global Hand Geometry Biometric market has been bifurcated into government, defense, banking and finance, travel and tourism, security and healthcare among others. Hand geometry scanners with reflectors and infrared light is used for taking the hand image. However, the method are used for measuring individual identity are not unique. Thus, this solution is not considered to be a fruitful method for the verification and identification of every individuals. This factor is expected to restraining the growth of this product market in coming years. In addition, various organizations are installing this hand geometry biometrics with the help of smart cards to improve their verification of individuals. This in turn is triggering the demand of Hand Geometry Biometric market in coming years. Moreover, multimodal biometrics technology is also additional type technique which is used by various end use industry such as banking and financial, retail, others for authenticating individuals. Therefore, the hand geometry biometric are expected to grow at a faster rate in the upcoming years. Hand geometry biometric is expected to remain a perfect choice for end user confirmation in harsh work situations and able to identify the correct information from the large workforce. Relatively simple technology architecture, low upfront costs, and less intrusiveness among others factor is expected to increase the adoption of this technology market in coming years. Across the globe, various end use industry are installing this system in cloud computing to address breach concerns which is also act as an major factor for the development of new services and products. Another aspect contributing to the growth of this biometrics is their increasing usage for over the years, this hand geometry biometric technology has been driven by government rules and regulations instructing stringent security methods to be in place for major commercial and infrastructure centers such as factories, office buildings, nuclear plants, healthcare facilities, universities and hospitality among others. On the flip side, technological problem associate with this product is predicted to hinder the growth of the global Hand Geometry Biometric market in coming years.

Geographically, global Hand Geometry Biometric market has been segmented into North America, Europe, Asia Pacific, Middle- East & Africa (MEA) and Latin America. In 2016, North America held the highest market share of global Hand Geometry Biometric market. Rising security concerns owing to the crimes and terror attacks and rising government initiative such as e-passports verification, national voting and identification programs, others are largely accountable for the growth of this product market in North America region. Rapid development in public sector, construction, residential and commercial in Asia Pacific region will create new opportunities for hand geometry biometrics based access control systems in coming years.

The global Hand Geometry Biometric market consists of many renowned players such as Fingerprint Cards AB (Sweden), Cross Match Technologies Inc. (The U.S), 3M Company (The U.S), Fujitsu Ltd. (Japan), Safran SA (France), Facebanx (The U.K), NCE Corporation (The U.S), RCG Holdings Limited (China), Siemens AG (Germany), Fulcrum Biometrics LLC. (The U.S), Validsoft UK Ltd. (The U.K) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hand Geometry Biometric Market

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