Biometrics as a service market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 3.0 billion by 2029 and grow at a CAGR of 9.65% in the above-mentioned forecast period.

Industry Analysis

Biometrics-as-a-service (also referred as BaaS) is basically a cloud-based application which is able to identify and authenticate individuals on the basis of their biological and behavioral characteristics. Generally, it is based on biometrics technology which records the user’s presence by highly accurate eye, voice and facial recognition, which apparently helps in enhancing the security of the existing organizational infrastructure.

The factors such as increased use of mobile devices and threats caused due to high security are expected to emerge as the significant factors accelerating the growth of biometrics as a service market in the above-mentioned forecast period. In addition to this, its advantages such as more secure than traditional forms of entry of codes like pin, passwords and locks, among others will further aggravate the growth of the biometrics as a service market. However, the factors such as security of biometric data on cloud storage and involvement of high cost for the biometric technologies results as a growth restraint for the market.

The increasing use of digital platforms for transactions is anticipated to generate lucrative opportunities for the biometrics as a service market. On the other hand, the integration of biometric infrastructure into the existing systems will pose as a challenge for the biometrics as a service market.

This biometrics as a service market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Biometrics as a service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Biometrics as a Service Market Scope and Market Size

The biometrics as a service market is segmented on the basis of modality, deployment model, scanner type, trait, organization size, function, application and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

On the basis of modality type, biometrics as a service market is segmented into

·       Unimodal

·       Multimodal.

On the basis of deployment model, biometrics as a service market is segmented into

·       Public cloud,

·       Private cloud

·       Hybrid cloud.

On the basis of scanner type, biometrics as a service market is segmented into

·       Fingerprint recognition,

·       Voice recognition,

·       Iris recognition,

·       Palm recognition

·       Facial recognition.

On the basis of trait, biometrics as a service market is segmented into

·       Physiological

·       Behavioral.

On the basis of organization size, biometrics as a service market is segmented into

·       Small enterprises

·       Medium sized enterprises

·       Large enterprises.

On the basis of function, biometrics as a service market is segmented into 

·       Mobile banking,

·       Payments and authentication,

·       Identity proofing and credentialing,

·       Law enforcement and border control,

·       Civil identity and elections,

·       Workforce management

·       Others.

Based on application, biometrics as a service market is segmented into

·       Mobile banking,

·       Payments and authentication,

·       Identity proofing and credentialing,

·       Law enforcement and border control,

·       Civil identity and elections,

·       Workforce management

·       Others.

On the basis of end-user industry, biometrics as a service market is segmented into

·       Government,

·       Retail,

·       Bfsi,

·       It and telecom

·       Healthcare.

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Biometrics as a Service Market Country Level Analysis

The biometrics as a service market is analyzed and market size, volume information is provided by modality, deployment model, scanner type, trait, organization size, function, application and end-user industry as referenced above.

The countries covered in the Biometrics as a Service Market report are

·       U.S.

·       Canada

·       Mexico

·       Brazil

·       Argentina

·       Rest of South America

·       Germany

·       France

·       Italy

·       U.K.

·       Belgium

·       Spain

·       Russia

·       Turkey

·       Netherlands

·       Switzerland

·       Rest of Europe

·       Japan

·       China

·       India

·       South Korea

·       Australia and New Zealand

·       Singapore

·       Malaysia

·       Thailand

·       Indonesia

·       Philippines

·       Rest of Asia-Pacific

·       United Arab Emirate

·       Saudi Arabia

·       Egypt

·       Israel

·       South Africa

·       Rest of Middle East and Africa.

Competitive Landscape and Biometrics as a Service Market Share Analysis

The biometrics as a service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biometrics as a service market.

Some of the major players operating in the biometrics as a service market report are

·       Fujitsu,

·       Idemia,

·       Aware, Inc.,

·       Leidos,

·       M2SYS Technology, 

·       IRITECH, INC.,

·       Biometrics Research Group, Inc. ,

·       Certi,

·       HYPR Brands,

·       a JuliusWorks, Inc.,

·       BioID,

·       Accenture,

·       Fulcrum Biometrics, Inc.,

·       Cognitec Systems GmbH,

·       SecuGen Corporation,

·       Integrated Biometrics,

·       1 HID Global Corporation,

·       UNIONCOMMUNITY Co. Ltd.,

·       Suprema,  

·       Nuance Communications Inc.,

·       Among others.

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MAJOR TOC OF THE REPORT

Ø  Chapter One: Introduction

Ø  Chapter Two: Market Segmentation

Ø  Chapter Three: Market Overview

Ø  Chapter Four: Executive Summary

Ø  Chapter Five: Premium Insights

Ø  Chapter Six: Global Biometrics as a Service Market by Product & Procedure type

Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-biometrics-as-a-service-market

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