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The major drivers contributing to the growth in demand for vein pattern recognition technology are factors such as its user friendliness, safety, and the low false rejection rate. Innovation in the field of fusion of this technology, with other biometrics recognition methods such as hand and fingerprinting methods, hold tremendous market opportunity in the future. The major hurdle in the growth of this market is the cost involved in comparison with other biometrics solutions.
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The different types of vein recognition technologies are finger vein, palm vein, wrist vein and backhand vein recognition. At present there are a few Asian market players who have dominated this market. Such players are Fujitsu Limited, Techsphere Company Limited, and Hitachi Limited. Countries in South East Asia and Middle East have already begun to adopt this technology in their operations.
- North America
- Asia Pacific
- Rest of the World