Technology Advancements Drive Growth in the Global Hand Geometry Market, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Hand Geometry. The global market for Hand Geometry is projected to reach US$179.9 million by the year 2020, driven by technology advancements and the ensuing expansion into newer application markets.

Hand Geometry: A Global Strategic Business Report

Follow us on LinkedIn – Hand geometry represents one of the earliest biometric technologies developed to analyze the physical dimensions of the human hand for identity verification and authentication. The technology, currently is gaining significance in commercial physical access control applications. Hand geometry involves generating a complete image of the hand via a high resolution imaging camera, and analyzing the specific characteristics of the hand to generate a match from the database. The technology, over the years, has been driven by government regulations mandating stringent security measures in key infrastructure and commercial centers such as nuclear plants, universities, factories, office buildings, hospitality, and healthcare facilities, among others. The technology also finds widespread use in time and attendance maintenance applications.

Interest in hand geometry is driven by the technology’s cost effectiveness as a medium for personal verification and user authentication. Hand geometry therefore continues to remain popular for user authentication in harsh work environments and among establishments with a large workforce. Low upfront costs, relatively simple technology architecture, and non-intrusive identification, represent other key technology attributes driving adoption of hand geometry. Although still under research and development, contact-less hand geometry systems are forecast to spur long-term growth in the market. Contact-less hand geometry involves analysis of geometric proportions of the hand based on images captured by static video camera or IR sensitive camera unlike image capture platforms which require direct contact of the hand with the system. In a bid to encourage adoption, manufacturers are focusing on the development of a user-friendly interface to ensure easy operation of the system. Manufacturers are developing new scalable hand geometry readers with expandable memory and field upgradeability capabilities. Efforts are also underway to reduce template sizes in order to facilitate storage of higher number of templates in the system.

As stated by the new market research report on Hand Geometry, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of about 11.6% over the analysis period. The rapid expansion of the construction sector is expected to create new opportunities for biometrics based access control systems including hand geometry.

Major players in the global market include Allegion Plc, RTC Associates Inc., and Inception Technologies Inc., among others.

The research report titled “Hand Geometry: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for global hand geometry market in US$ Thousand for all major geographic markets such as the US, Canada, Europe (France, Germany, UK and Rest of Europe), Asia-Pacific, Middle East, and Latin America.

For more details about this comprehensive market research report, please click here

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Web Site: http://www.StrategyR.com/

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