Palm Vein Biometrics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Palm Vein Scanner Market is Segmented by Type (Hardware, Software and Solution), Application (Healthcare, BFSI) and Geography (North America, Europe, Asia-Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Palm Vein Biometrics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Palm Vein Biometrics Market Size

palm vein biometrics market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 22.30 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Palm Vein Biometrics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Palm Vein Biometrics Market with other markets in Technology, Media and Telecom Industry

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Security & Surveillance

Palm Vein Biometrics Market Analysis

The Palm Vein Biometrics Market is expected to register a CAGR of 22.3% during the forecast period.

  • Over the years, the requirement to control access to premises, and systems has grown. Currently, many organizations rely on passwords, or cards to confirm people's identity for access. However, this traditional approach poses severe challenges. For instance, loss, or theft of cards causes security risks. With the correct combination of PIN and card, anyone could be granted access to restricted areas or data. Thus, increasing application of biometrics for security purpose is expected to positively impact the market growth.
  • For instance, Bharat Petroleum Corporation Limited in India is using palm vein recognition technology to keep track of employees and provide authorized access to them. Companies such as Fujitsu, in 2018, announced that it will deploy its palm vein authentication technology to its employees in Japan. The palm vein authentication will replace password-based measures, and allow the employees to gain access to buildings and log in to their desktops with only their hand.
  • With multiple options available for biometric identification, companies could choose to adopt multifactor authentication to reduce the probability of fraud even further. Such trends are also expected to influence market growth. For instance, Fujitsu has plans to combine its palm vein scanning technology with facial recognition in a new authentication concept for access control.

Palm Vein Biometrics Industry Overview

The palm vein biometrics market is competitive and consists of several major players. Many companies are increasing their market presence by introducing new products, by expanding their operations or by entering into strategic mergers and acquisitions.

  • November 2019 - Fujitsu launched sales of the FUJITSU Security Solution AuthConductor V2 which uses various authentication methods, including palm vein authentication, to deliver comprehensive biometric authentication support for customers. In addition to providing a unified palm vein authentication office environment, this product features facial authentication, fingerprint authentication and IC card authentication for PC logons, and is fully scalable to support use by anywhere from several people to organizations with tens of thousands of users. With the launch of this upgraded solution, Fujitsu enables customers to enjoy convenience with secure and flexible solutions for a diverse range of use cases and authentication scenarios.
  • June 2019 - Redrock Biometrics launched its identification solution, PalmID-X. It expands the applicability of biometric identification to multiple people, creating a basis for seamless services and transactions without physical tokens. It captures palm prints and/or subdermal veins to create a unique palm signatures.

Palm Vein Biometrics Market Leaders

  1. Fujitsu Limited

  2. BioEnable Technologies Pvt Ltd

  3. M2SYS Technology - KernellÓ Inc.

  4. Mantra Softech Pvt Ltd

  5. BioSec Group Ltd

  6. *Disclaimer: Major Players sorted in no particular order
palm vein biometrics market
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Palm Vein Biometrics Market News

 

Palm Vein Biometrics Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Data Privacy Protection Concerns
    • 4.2.2 Increasing Need to Secure Financial Transactions
  • 4.3 Market Restraints
    • 4.3.1 Technical Limitations of Palm Vein Biometrics
  • 4.4 Industry Value Chain Analysis
  • 4.5 Industry Attractiveness - Porters Five Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Technology Snapshot
  • 4.7 Impact of Covid-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Hardware
    • 5.1.2 Software and Solution
  • 5.2 Application
    • 5.2.1 Healthcare
    • 5.2.2 BFSI
    • 5.2.3 Other Applications
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 Rest of the World

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 M2SYS Technology - KernellO Inc.
    • 6.1.2 BioSec Group Ltd
    • 6.1.3 BioEnable Technologies Pvt. Ltd
    • 6.1.4 Fujitsu Limited
    • 6.1.5 Mantra Softech (India) Private Limited
    • 6.1.6 IdentyTech Solutions America Inc.
    • 6.1.7 Matrix Comsec Pvt. Ltd
    • 6.1.8 Imprivata Inc.
    • 6.1.9 Hitachi Ltd
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Palm Vein Biometrics Industry Segmentation

Palm vein patterns are unique for an individual. Palm vein biometric technology captures an image of the vein pattern beneath the skin and uses that image as the basis for identifying an individual. Palm vein biometric uses near-infrared light to capture a palm vein pattern, thus, it does not require high-quality skin integrity for precise identification. The market includes both hardware and software and solutions provided by companies. Companies such as M2SYS Technology offer scanners for palm vein biometrics whereas companies such as Fujitsu offers palm vein authentication technology.

Type Hardware
Software and Solution
Application Healthcare
BFSI
Other Applications
Geography North America
Europe
Asia-Pacific
Rest of the World
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Palm Vein Biometrics Market Research FAQs

What is the current Palm Vein Biometrics Market size?

The Palm Vein Biometrics Market is projected to register a CAGR of 22.3% during the forecast period (2025-2030)

Who are the key players in Palm Vein Biometrics Market?

Fujitsu Limited, BioEnable Technologies Pvt Ltd, M2SYS Technology - KernellÓ Inc., Mantra Softech Pvt Ltd and BioSec Group Ltd are the major companies operating in the Palm Vein Biometrics Market.

Which is the fastest growing region in Palm Vein Biometrics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Palm Vein Biometrics Market?

In 2025, the North America accounts for the largest market share in Palm Vein Biometrics Market.

What years does this Palm Vein Biometrics Market cover?

The report covers the Palm Vein Biometrics Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Palm Vein Biometrics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Palm Vein Biometrics Industry Report

Statistics for the 2025 Palm Vein Biometrics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Palm Vein Biometrics analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.