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Vein Recognition Biometrics in BFSI-Global Market Insights and Sales Trends 2025
Synopsis
Vein recognition biometrics is gaining importance in the BFSI sector for applications such as logical access control, physical access control, mobile banking, branch banking, kiosks, ATM, and safe deposit locker. Vein recognition biometrics is used for security purpose in the BFSI sector to protect customers from data breaches and identity theft.
The global Vein Recognition Biometrics in BFSI market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Vein Recognition Biometrics in BFSI in various end use industries. The expanding demands from the Mobile Banking, Payments, Authentication and Identity Proofing And Credentialing, are propelling Vein Recognition Biometrics in BFSI market. Finger Vein Recognition, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Palm Vein Recognition segment is estimated at % CAGR for the next seven-year period.
The demand for highly reliable and accessible personal authentication and identification systems is increasing in the BFSI sector because of the growing instances of security vulnerabilities and transactional fraudulent in this sector.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Vein Recognition Biometrics in BFSI, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Vein Recognition Biometrics in BFSI market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Vein Recognition Biometrics in BFSI market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vein Recognition Biometrics in BFSI sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Vein Recognition Biometrics in BFSI covered in this report include FUJITSU, Hitachi, M2SYS Technology, NEC, Safran, 3M Cogent, BioEnable, IdentyTech Solutions and IDLink Systems, etc.
The global Vein Recognition Biometrics in BFSI market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
FUJITSU
Hitachi
M2SYS Technology
NEC
Safran
3M Cogent
BioEnable
IdentyTech Solutions
IDLink Systems
Mantra Softech
Matrix Security Solutions
Mofiria
PalmSure
Johnson Controls
Global Vein Recognition Biometrics in BFSI market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Vein Recognition Biometrics in BFSI market, Segment by Type:
Finger Vein Recognition
Palm Vein Recognition
Others
Global Vein Recognition Biometrics in BFSI market, by Application
Mobile Banking
Payments
Authentication
Identity Proofing And Credentialing
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Vein Recognition Biometrics in BFSI companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Vein recognition biometrics is gaining importance in the BFSI sector for applications such as logical access control, physical access control, mobile banking, branch banking, kiosks, ATM, and safe deposit locker. Vein recognition biometrics is used for security purpose in the BFSI sector to protect customers from data breaches and identity theft.
The global Vein Recognition Biometrics in BFSI market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Vein Recognition Biometrics in BFSI in various end use industries. The expanding demands from the Mobile Banking, Payments, Authentication and Identity Proofing And Credentialing, are propelling Vein Recognition Biometrics in BFSI market. Finger Vein Recognition, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Palm Vein Recognition segment is estimated at % CAGR for the next seven-year period.
The demand for highly reliable and accessible personal authentication and identification systems is increasing in the BFSI sector because of the growing instances of security vulnerabilities and transactional fraudulent in this sector.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Vein Recognition Biometrics in BFSI, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Vein Recognition Biometrics in BFSI market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Vein Recognition Biometrics in BFSI market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vein Recognition Biometrics in BFSI sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Vein Recognition Biometrics in BFSI covered in this report include FUJITSU, Hitachi, M2SYS Technology, NEC, Safran, 3M Cogent, BioEnable, IdentyTech Solutions and IDLink Systems, etc.
The global Vein Recognition Biometrics in BFSI market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
FUJITSU
Hitachi
M2SYS Technology
NEC
Safran
3M Cogent
BioEnable
IdentyTech Solutions
IDLink Systems
Mantra Softech
Matrix Security Solutions
Mofiria
PalmSure
Johnson Controls
Global Vein Recognition Biometrics in BFSI market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Vein Recognition Biometrics in BFSI market, Segment by Type:
Finger Vein Recognition
Palm Vein Recognition
Others
Global Vein Recognition Biometrics in BFSI market, by Application
Mobile Banking
Payments
Authentication
Identity Proofing And Credentialing
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Vein Recognition Biometrics in BFSI companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Vein Recognition Biometrics in BFSI
1.1 Vein Recognition Biometrics in BFSI Market Overview
1.1.1 Vein Recognition Biometrics in BFSI Product Scope
1.1.2 Vein Recognition Biometrics in BFSI Market Status and Outlook
1.2 Global Vein Recognition Biometrics in BFSI Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Vein Recognition Biometrics in BFSI Market Size by Region (2018-2029)
1.4 Global Vein Recognition Biometrics in BFSI Historic Market Size by Region (2018-2023)
1.5 Global Vein Recognition Biometrics in BFSI Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Vein Recognition Biometrics in BFSI Market Size (2018-2029)
1.6.1 North America Vein Recognition Biometrics in BFSI Market Size (2018-2029)
1.6.2 Europe Vein Recognition Biometrics in BFSI Market Size (2018-2029)
1.6.3 Asia-Pacific Vein Recognition Biometrics in BFSI Market Size (2018-2029)
1.6.4 Latin America Vein Recognition Biometrics in BFSI Market Size (2018-2029)
1.6.5 Middle East & Africa Vein Recognition Biometrics in BFSI Market Size (2018-2029)
2 Vein Recognition Biometrics in BFSI Market by Type
2.1 Introduction
2.1.1 Finger Vein Recognition
2.1.2 Palm Vein Recognition
2.1.3 Others
2.2 Global Vein Recognition Biometrics in BFSI Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Vein Recognition Biometrics in BFSI Historic Market Size by Type (2018-2023)
2.2.2 Global Vein Recognition Biometrics in BFSI Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Vein Recognition Biometrics in BFSI Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Vein Recognition Biometrics in BFSI Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Vein Recognition Biometrics in BFSI Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Vein Recognition Biometrics in BFSI Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Vein Recognition Biometrics in BFSI Revenue Breakdown by Type (2018-2029)
3 Vein Recognition Biometrics in BFSI Market Overview by Application
3.1 Introduction
3.1.1 Mobile Banking
3.1.2 Payments
3.1.3 Authentication
3.1.4 Identity Proofing And Credentialing
3.1.5 Others
3.2 Global Vein Recognition Biometrics in BFSI Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Vein Recognition Biometrics in BFSI Historic Market Size by Application (2018-2023)
3.2.2 Global Vein Recognition Biometrics in BFSI Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Vein Recognition Biometrics in BFSI Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Vein Recognition Biometrics in BFSI Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Vein Recognition Biometrics in BFSI Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Vein Recognition Biometrics in BFSI Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Vein Recognition Biometrics in BFSI Revenue Breakdown by Application (2018-2029)
4 Vein Recognition Biometrics in BFSI Competition Analysis by Players
4.1 Global Vein Recognition Biometrics in BFSI Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Vein Recognition Biometrics in BFSI as of 2022)
4.3 Date of Key Players Enter into Vein Recognition Biometrics in BFSI Market
4.4 Global Top Players Vein Recognition Biometrics in BFSI Headquarters and Area Served
4.5 Key Players Vein Recognition Biometrics in BFSI Product Solution and Service
4.6 Competitive Status
4.6.1 Vein Recognition Biometrics in BFSI Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 FUJITSU
5.1.1 FUJITSU Profile
5.1.2 FUJITSU Main Business
5.1.3 FUJITSU Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.1.4 FUJITSU Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.1.5 FUJITSU Recent Developments
5.2 Hitachi
5.2.1 Hitachi Profile
5.2.2 Hitachi Main Business
5.2.3 Hitachi Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.2.4 Hitachi Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.2.5 Hitachi Recent Developments
5.3 M2SYS Technology
5.3.1 M2SYS Technology Profile
5.3.2 M2SYS Technology Main Business
5.3.3 M2SYS Technology Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.3.4 M2SYS Technology Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.3.5 NEC Recent Developments
5.4 NEC
5.4.1 NEC Profile
5.4.2 NEC Main Business
5.4.3 NEC Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.4.4 NEC Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.4.5 NEC Recent Developments
5.5 Safran
5.5.1 Safran Profile
5.5.2 Safran Main Business
5.5.3 Safran Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.5.4 Safran Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.5.5 Safran Recent Developments
5.6 3M Cogent
5.6.1 3M Cogent Profile
5.6.2 3M Cogent Main Business
5.6.3 3M Cogent Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.6.4 3M Cogent Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.6.5 3M Cogent Recent Developments
5.7 BioEnable
5.7.1 BioEnable Profile
5.7.2 BioEnable Main Business
5.7.3 BioEnable Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.7.4 BioEnable Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.7.5 BioEnable Recent Developments
5.8 IdentyTech Solutions
5.8.1 IdentyTech Solutions Profile
5.8.2 IdentyTech Solutions Main Business
5.8.3 IdentyTech Solutions Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.8.4 IdentyTech Solutions Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.8.5 IdentyTech Solutions Recent Developments
5.9 IDLink Systems
5.9.1 IDLink Systems Profile
5.9.2 IDLink Systems Main Business
5.9.3 IDLink Systems Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.9.4 IDLink Systems Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.9.5 IDLink Systems Recent Developments
5.10 Mantra Softech
5.10.1 Mantra Softech Profile
5.10.2 Mantra Softech Main Business
5.10.3 Mantra Softech Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.10.4 Mantra Softech Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.10.5 Mantra Softech Recent Developments
5.11 Matrix Security Solutions
5.11.1 Matrix Security Solutions Profile
5.11.2 Matrix Security Solutions Main Business
5.11.3 Matrix Security Solutions Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.11.4 Matrix Security Solutions Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.11.5 Matrix Security Solutions Recent Developments
5.12 Mofiria
5.12.1 Mofiria Profile
5.12.2 Mofiria Main Business
5.12.3 Mofiria Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.12.4 Mofiria Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.12.5 Mofiria Recent Developments
5.13 PalmSure
5.13.1 PalmSure Profile
5.13.2 PalmSure Main Business
5.13.3 PalmSure Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.13.4 PalmSure Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.13.5 PalmSure Recent Developments
5.14 Johnson Controls
5.14.1 Johnson Controls Profile
5.14.2 Johnson Controls Main Business
5.14.3 Johnson Controls Vein Recognition Biometrics in BFSI Products, Services and Solutions
5.14.4 Johnson Controls Vein Recognition Biometrics in BFSI Revenue (US$ Million) & (2018-2023)
5.14.5 Johnson Controls Recent Developments
6 North America
6.1 North America Vein Recognition Biometrics in BFSI Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Vein Recognition Biometrics in BFSI Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Vein Recognition Biometrics in BFSI Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Vein Recognition Biometrics in BFSI Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Vein Recognition Biometrics in BFSI Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Vein Recognition Biometrics in BFSI Market Dynamics
11.1 Vein Recognition Biometrics in BFSI Industry Trends
11.2 Vein Recognition Biometrics in BFSI Market Drivers
11.3 Vein Recognition Biometrics in BFSI Market Challenges
11.4 Vein Recognition Biometrics in BFSI Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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