The global hand geometry biometrics market is anticipated to grow at a significant CAGR during the forecast period. The major factor for growth of the market is the increasing awareness regarding the security in commercial as well as personal spaces. The increasing adoption of wireless security system across the globe is the major factor which will fuel the growth of the market during the forecast period.
Biometrics is one of the fastest growing technologies when it comes to securing perimeter. This technology is used to measure various physical parameters such as fingerprint, eyes, face recognition, iris pattern, voice recognition, among others. This technology helps in identifying person’s physical characteristics to make a controlled physical access to the infrastructure. There has been increase in the use of hand-based biometrics in residential premises for preventing invasion and burglary. The demand for biometric systems is increasing day by day due to the automation trend. All these factors combined together will fuel the growth of the market during the forecast period.
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Various organizations are implementing smart cards which are integrated with hand geometry biometrics, further improving verification of individuals. In the future years, hand geometrics is going to be preferred choice due to its extreme reliability in harsh conditions and its ability to identify correct information even when the usage is high. Some of the key global market players in the hand geometry biometrics include Dormakaba Holding, ASSA ABLOY, Johnson Controls, Allegion, Honeywell International, and many others.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Technology
o By Application
- Competitive Landscape – Dormakaba Holding, ASSA ABLOY, Johnson Controls, Allegion, Honeywell International., and many others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hand Geometry Biometrics Market – Segmentation
By Technology
- Access Control
- Time and attendance systems
By Applications
- Government and Defense
- BFSI
- Travel and Tourism
- Healthcare
- Consumer Electronics
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