Palm Recognition Biometrics Market Outlook:
Palm Recognition Biometrics Market size was valued at USD 1.78 billion in 2025 and is likely to cross USD 14.69 billion by 2035, registering more than 23.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of palm recognition biometrics is estimated at USD 2.16 billion.
The market growth is driven by rising concern for data and asset security amongst government organizations, banks, enterprises, hospitals, telecommunication organizations, and, individuals, among others, are endorsing for greater use of advanced biometric verification systems. As of 2021, approximately 100 thousand scheduled banks were observed to be functioning in India alone.
In addition, the global palm recognition biometrics market revenue is impelled by increasing number of crimes worldwide, as well as the need for forensic organizations to adapt to technologies that can help them stay ahead of criminals. Additionally, adoption of biometric technology by the FBI is further anticipated to be a major market growth factor. There is escalating need for accurate patient identification systems in the healthcare sector, which in turn is set to promote the demand for palm recognition biometrics.
