DUBLIN, Oct. 08 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/773bv7/global_vein) has announced the addition of the "Global Vein Recognition Biometrics Market in BFSI sector 2015-2019" report to their offering.
The global vein recognition biometrics market in the BFSI sector to grow at a CAGR of 27.83% over the period 2014-2019.
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.
This report covers the present scenario and the growth prospects of the global vein recognition biometrics market in the BFSI sector for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of vein biometric solutions including hardware, software, integrated solutions, and services offered in the BFSI sector.
The introduction of industry specific biometric solutions for identity management is becoming popular among various industry verticals because these solutions are designed to meet specific requirements. Every industry has a unique requirement and customized solutions are preferred. For instance, M2SYS Technology offers industry specific biometric solutions, including Certis ID for the BFSI sector and Right Patient for the healthcare sector.
According to the report, Vendors and biometric scanner manufacturers are focused on developing contactless scanners and technologically advanced vein readers and scanners, which can be used in sterile hospital environments. Contactless biometrics will be a burgeoning trend in the next one to two years.
Further, the report states that the lack of standardization is a barrier to interoperability, especially when multiple vendors need to be integrated.
- M2SYS Technology
Other prominent vendors
- 3M Cogent
- IdentyTech Solutions
- IDLink Systems
- Mantra Softech
- Matrix Security Solutions
For more information visit http://www.researchandmarkets.com/research/773bv7/global_vein
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SOURCE Research and Markets