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SUMMARY
Large Size of Hand Geometry Readers Limits Application Expansion The large size of hand geometry readers restricts their use in certainapplications and poses challenges in implementing the technology in applicationsthat require small user interfaces. For instance, the PC/network security marketthat presents significant growth opportunities for biometric technologies mightbe difficult to penetrate for hand geometry solutions. This market is expectedto be dominated by the relatively smaller and inexpensive finger-scan technologydevices. In fact, finger-scan biometrics is a major competitor to the use ofhand geometry technology in physical access and time and attendanceapplications, two of its key markets. Despite such obstacles, participants areexpected to achieve strong growth by showcasing the efficiency of hand geometrytechnology in reducing 'time fraud'. Heightened security concerns after 9/11and the nonintrusive nature of hand geometry readers are also likely to assistthem in their quest for higher market share. This Frost & Sullivan research examines the world hand geometry market bygeographic regions {North America; Europe, Middle East, and Africa (EMEA); AsiaPacific; and Latin America} and application segments (physical access control;time and attendance; and others). The study provides rigorous analysis of eachgeographic region and application segment, seven-year revenue forecasts, and anoverview of emerging market trends that will enable participants to assess thecurrent and future growth prospects. High Durability and Throughput – Strong Points of Hand GeometryDevices "Hand geometry solutions are exceptionally robust, handle a large volumeof transactions, and function accurately in harsh environments where otherbiometric technologies may not work," says the Program Manager of thisresearch service. These devices have the ability to work under extremetemperatures ranging from negative 30 to 150 degree Fahrenheit and still providereliable results for long periods. "This is exactly why hand geometryreaders are installed outside physical premises and are extensively used forphysical access control and time and attendance applications across the worlddespite their relatively higher implementation costs," explains the ProgramManager. Physical Access Control and Time and Attendance to Continue as DominantApplications Hand geometry solutions enable significant cost savings for customers byreducing 'time fraud' and 'buddy punching' while keeping track ofemployees' work hours and maintenance of payroll systems. Such ways ofreducing costs have assumed greater importance with government and corporateenterprises battling the ongoing economic downturn to remain competitive. The distinct advantage of hand geometry technology is that its performanceremains unaffected by soiled or dirty hands. This attribute is especially usefulin foundries and construction sites where workers perform a fair degree ofmanual labor. These wide-ranging benefits are likely to encourage severalverticals such as travel and transport, healthcare, financial services,universities, and utilities to step up the installation and upgradation of handgeometry identification solutions in the coming years. TABLE OF CONTENTS
- EXECUTIVE SUMMARY
- Market Overview
- Introduction
- Competitive Analysis
- Major Research Findings
- Opportunities and Forecasts
- Conclusions
- TOTAL WORLD HAND GEOMETRY BIOMETRICS MARKET
- Overview
- Introduction
- Market Drivers
- Industry Challenges
- Market Engineering Analysis
- Forecasts and Trends
- Market Forecasts
- Market Trends
- Competitive Analysis
- Competitive Structure
- Market Share Analysis
- Distribution Channel Analysis
- Application Market Analysis
- Overview
- Physical Access Control
- Time and Attendance
- Government and Law Enforcement
- Vertical Market Analysis
- Overview
- Government
- Financial
- Healthcare
- Travel & Transportation
- Other Verticals
- Frost and Sullivan Awards
- Application Market Penetration Award
- GEOGRAPHIC REGION ANALYSIS
- Overview
- Introduction
- Market Trends
- Analysis by Geographic Region
- North America
- Europe Middle East and Africa
- Asia Pacific
- Latin America
- APPENDIX
- Decision Support Databases
- Number of Enterprises
- Number of Universities
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