Hand Geometry Biometric is an identification system which reads the hand geometry of the people such as their height, weight, veins, and various angles. This systems are primarily used to attendance purposes, for access control and as a payment mechanism. Though many experts argue that the hand geometry biometric systems are not as accurate as other biometric devices such as fingerprint biometrics or iris biometrics and others. Growing automation has largely been held as a reason for the growth of the biometric devices including the hand geometry biometrics. Although, hand geometry biometrics are considered difficult to install in large user base firms as it is hard to distinguish based on hand geometry than on finger print basis. North America and Europe are considered two prominent markets of hand geometry biometrics.This growth is primarily driven by Growing Demand for Biometric Recognition Systems and Rise of Automation Industrial Expanditure.
Globally, a noticeable market trend is evident Time and Attendance Systems Accounts for Largest Market Share. Major Players, such as 3M Company (United States), Fulcrum Biometrics (United States), Amazon.com, Inc. (United States), HID Global (United States), Fujitsu Ltd. (Japan), Fingerprint Cards (Sweden), Siemens AG (Germany), Thales Group (France), Safran S.A. (France) and Cross Match Technologies, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2020, Amazon.com, Inc., a multinational Technology, cloud computing and e-commerce giant has announced launch of Amazon One, which is a hand geometry biometric payment mechanism. Initially, the customers are required to link their hand to their credit card. This technology is said to be deployed in at least couple of amazon go cashierless stores.
- Growing Demand for Biometric Recognition Systems
- Rise of Automation Industrial Expanditure
- Time and Attendance Systems Accounts for Largest Market Share
- Competition from Other Biometric Recognition Systems such as Finger Prints, Iris, etc.
Payment Systems Present Huge Opportunity to Grow
Integrating it with Large Organisations is Considered Challenging
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
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Against this Challenging Backdrop, Hand Geometry Biometric Study Sheds Light on
The Hand Geometry Biometric Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Hand Geometry Biometric industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hand Geometry Biometric industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Hand Geometry Biometric Market?
The Hand Geometry Biometric market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Hand Geometry Biometric Market?
Top performing companies in the Global Hand Geometry Biometric market are 3M Company (United States), Fulcrum Biometrics (United States), Amazon.com, Inc. (United States), HID Global (United States), Fujitsu Ltd. (Japan), Fingerprint Cards (Sweden), Siemens AG (Germany), Thales Group (France), Safran S.A. (France) and Cross Match Technologies, Inc. (United States), to name a few.
3. Which region dominated the worldwide market for Hand Geometry Biometric in 2020?
is dominating the Hand Geometry Biometric Market.