Hand Geometry Biometrics Market - Global Industry Analysis, Size, Share, Growth and Forecast to 2020 by FMI
London, UK -- (SBWIRE) -- 03/10/2015 -- Hand geometry biometrics is the fastest implemented biometric type, that was introduced in the in the market by 1980. The biometric systems are extensively put into practice for their public acceptance, integration capabilities and ease of use. One of the limitations of the hand geometry biometrics is that it is not unique and it limits the usage of the hand geometry biometric system to confirmation tasks only. The systems measure the hand geometry with the help of lights and digital camera. The system works by simply placing the hand on a surface, aligning fingers against several pegs to make certain an exact reading.
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Hand geometry biometric system offers a high amount of convenience and security which guarantees confidentiality of private information. The technology used in these systems are more superior and liable as compared to the traditional PINs and passwords as they could easily be copied, guessed, forgotten and tokens could be misplaced or stolen. Biometric technology facilitates in avoiding theft as the information is accumulated in the form of a digital documentation in the database that makes it impractical to decrypt, manipulate or reconstruct. The system uses biological features or characteristics which are indivisible from a person, thus, dropping down the threat of theft or loss.
The most recognized application that is being used for this technology is in physical access entry as the structure is user friendly and it is easy to construct. Another application that is gaining market share for hand geometry recognition market is to make a note of attendance and time. The advantage is that the use of timecards, identification badges, and social security numbers is eliminated. Also, the high cost problems related to "buddy punching" that are associated with time clocks would be imaginary.
The main factors that are responsible for the rise of the hand geometry biometrics market are biometrics in smart phones, extensive use in criminal identification, growth in e-passport program, use of biometric technology in banking and healthcare, government support and growing need for large scale surveillance at public gatherings. The factors those are responsible for limiting the growth of this market includes fear of privacy intrusion and high cost of systems. The major opportunity in the hand geometry biometrics market includes use of biometric technology in e-commerce and cloud computing for biometric technology.
The hand geometry biometrics market is segmented on the basis of its applications which include government, defense, immigration and travel, finance and banking, healthcare, consumer electronics, commercial security and home security among others. In addition, the consumer electronics are further segmented into smart phones, laptops, tablets and others. Furthermore, the market could be segmented on the basis of geography which includes North America, Europe, Asia-Pacific and RoW.
Some of the major companies that are dominating in the hand geometry biometrics market are 3M Company, Cross Match Technologies Inc., Fingerprint Cards AB, Fulcrum Biometrics LLC., Fujitsu Ltd., RCG Holdings Limited, NCE Corporation, Siemens AG, Facebanx, Validsoft Uk Ltd., Safran SA, Thales SA and Suprema Inc. among others.
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