The global market for palm recognition in payment and authentication solutions was valued at USD 1.1 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of around 18.5% from 2023 to 2033.
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The market for Palm Recognition in Payment and Authentication Solutions is increasing quickly and is predicted to do so for some time to come. Growing Demand for Contactless and Secure Payment Options The need for palm recognition technology in payment and identification systems is rising as a result of the growing need for safe and practical payment solutions. In the modern era of increased concern for cleanliness and security, palm identification offers a contactless and secure form of payment. Due to their high level of security and accuracy, biometric authentication methods—including palm recognition—are becoming more and more common.
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Company Profiles:
• Fujitsu
• NEC Corporation
• M2SYS Technology
• BIO-key International
• Suprema Inc.
• IDEMIA (formerly Safran Identity and Security)
• Crossmatch Technologies
• Aware Inc.
• ZKTeco Inc.
• HID Global Corporation
• Daon Inc.
• Precise Biometrics AB
• Thales Group
• Gemalto NV
• Cognitec Systems GmbH
Segmentation:
By Application
• Mobile payments
• Online payments
• Point-of-sale (POS) terminals
• Access control systems
• Others
By End-user Industry
• Banking and financial services
• e-Commerce
• Retail
• Hospitality
• Healthcare
• Government
• Others
Regions
North America,U.S.,Canada,Mexico,Europe,Germany,U.K.,France,Italy,Spain,Russia,Rest of Europe,Asia Pacific,China,Japan,India,Australia,Korea,Rest of Asia pacific,South America,Brazil,Argentina,Colombia,Rest of South America,Middle East & Africa,UAE,Saudi Arabia,Egypt,Oman,Kuwait,South Africa,Rest of MEA
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Key Issues Addressed:
- To define, describe and forecast the market by type, application and region.
- To analyse the key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To analyse and study the sales, revenue, status and forecast.
- To strategically analyse each submarket with respect to individual growth trend and their contribution to the market.
- To strategically profile the key players and comprehensively analyse their growth strategies.
- To study the sales, revenue and market share of top players in main regions.
- Focuses on the key players, to study the sales, revenue, market share and development plans in future.
- To identify significant trends and factors driving or inhibiting the market growth.
Reasons to Purchase this Report:
- Market dynamics scenario, along with growth opportunities of the market in the years to come.
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Analyzing the outlook of the market with the recent trends and SWOT analysis.
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past years.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
- Benchmark key therapy areas and indications in terms of the number of Palm Recognition In Payment And Authentication Solutions products and level of innovation and assess one’s own strategic positioning against this backdrop.
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