Dublin-based market research firm Research and Markets has released a new report focusing on the international market in finger and palm vein biometrics. The report, which uses 2013 as a base year and makes predictions for 2014 – 2020, points out “high growth opportunities” in the various market applications of this kind of technology.
The researchers call finger and palm vein biometrics an ’emerging market’, and indeed it does appear to be in a nascent stage, with fingerprint-scanning dominating the overall biometrics market and iris- and facial-recognition close behind. But this kind of vascular technology has a lot of potential; not only does it allow for a high level of accuracy, it also effectively guards against spoofing. That’s because authentication methods employing this technology require blood to be coursing through the veins being scanned – a pretty difficult thing to fake, if one were inclined to try.
Thus far Fujitsu seems to have been perhaps the biggest player in the palm vein biometrics field with its PalmSecure technology, and it has demonstrated an interest in pushing the technology’s applications further. Meanwhile, finger vein biometrics remains largely untapped, with only a few applications popping up now and then – not to say it isn’t extremely effective, appearing as it does in highly sensitive applications such as ATM user authentication.
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January 22, 2015 – by Alex Perala
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