Global Hand Geometry Biometrics Market Growth (Status and Outlook) 2023-2029

Global Hand Geometry Biometrics Market Growth (Status and Outlook) 2023-2029

Security has been a key concern for enterprises, banks, government organizations, telecommunication and hospitals as well as for individuals to secure data and assets. Keys, identity badges, and numeric keypads are used to prevent unauthorised access. Hand geometry biometrics deals with the structure of palm and fingers of an individual, width of the fingers, and thickness of the palm. Hand geometry scanners with infrared light and reflectors can be used for capturing the image. Since these features of an individual are not unique, hand geometry biometrics is not considered to be a fruitful method for the identification and verification of individuals. However, organizations are integrating hand geometry biometrics with smart cards to ensure improved verification of individuals. Multimodal biometrics is also another technique that is being used for authenticating individuals.

LPI (LP Information)' newest research report, the “Hand Geometry Biometrics Industry Forecast” looks at past sales and reviews total world Hand Geometry Biometrics sales in 2022, providing a comprehensive analysis by region and market sector of projected Hand Geometry Biometrics sales for 2023 through 2029. With Hand Geometry Biometrics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hand Geometry Biometrics industry.

This Insight Report provides a comprehensive analysis of the global Hand Geometry Biometrics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hand Geometry Biometrics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hand Geometry Biometrics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hand Geometry Biometrics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hand Geometry Biometrics.

The global Hand Geometry Biometrics market size is projected to grow from US$ 4648.1 million in 2022 to US$ 14620 million in 2029; it is expected to grow at a CAGR of 17.8% from 2023 to 2029.

The rising interest in biometric systems with multiple-point verification mechanism has a key impact on the global market. The technology used in hand geometry biometrics registers verification of several perimeters of the hand, including the finger length, the finger width and palm size. Unlike fingerprint biometrics, where unlawful access is still viable, it is nearly impossible to duplicate the print of an entire hand. Due to this, the hand geometry biometrics systems are being extensively implemented for authorisation operations.

This report presents a comprehensive overview, market shares, and growth opportunities of Hand Geometry Biometrics market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Lengths of Finger
Width of Hand

Segmentation by application
Government
Defence
Finance & Banking
Immigration & Travel
Commercial Security
Home Security
Healthcare
Consumer Electronics

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Allegion
ATR Systems
Honeywell Security
Johnson Controls
Acroprint Time Recorder
Ibiosoft
Inception Technology

Please note: The report will take approximately 2 business days to prepare and deliver.