Global Biometric-as-a-Service Market: By Scanner Type: Fingerprint Recognition, Iris Recognition, Palm Recognition, Facial Recognition, Voice Recognition, Others; By Application: Site Access Control, Time Recording, Mobile Application, Web and Workplace; By End Use: Government, Retail, IT and Telecom, BFSI, Healthcare, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Competitive Landscape & Supplier Analysis; Events and Development

Global Biometric-as-a-Service Market Key Insights:

Global Biometric-as-a-Service Market Outlook

The global biometric-as-a-service market reached a value of around USD 2.38 billion in 2019 and is expected to grow at a CAGR of 20% during the forecast period of 2020-2025. Biometrics are increasingly being adopted by governments and private organisations around the globe for applications such as access control, among others, which is driving the growth of the global biometric-as-a-service market. It is used as a compulsory signature by various governments around the globe in domestic citizens’ registers and identities.

Properties and Applications

Biometrics are traces of human beings’ biological identity frequently accessed through thumbs and other components of the human body to record an impression. These biological ‘fingerprints’ serve a broad range of purposes, including identification, verification, safety, attendance, time, etc.

On the basis of its scanner type, the biometric-as-a-service market can be categorised into:

• Fingerprint Recognition
• Iris Recognition               
• Palm Recognition
• Facial Recognition
• Voice Recognition
• Others

Based on its application, the biometric-as-a-service market can be segmented as:

• Site Access Control
• Time Recording
• Mobile Application
• Web and Workplace

Based on its end-use, the biometric-as-a-service market can be divided as government, retail, IT and telecom, BFSI, healthcare, and others.

The EMR report looks into the regional biometric-as-a-service markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Global Biometric-as-a-Service Market Analysis

As a service industry, biometrics is anticipated to develop considerably as biometrics are much safer than traditional types of entry codes such as pins, passwords, locks, etc. Individuals don’t need to remember biometrics, and the data can be readily transmitted anywhere. For each individual, biometrics are unique identity prints. Biometrics also uses computing, imaging, math, and statistical methods to map an individual’s specific identity for high-risk safety clearances. The major drivers of the biometric-as-a-service market include an increased need to secure online transactions, increased security threats, and increased adoption of advanced technology by governments to create awareness among citizens and promote digitalisation. The biometric-as-a-service market growth may be hindered due to factors like the security of data stored with a third party(cloud) and the lack of multi-party authentication system during the forecast period.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global biometric-as-a-service market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• NEC 
• Aware 
• Fujitsu 
• Nuance
• Leidos 
• Idemia
• M2SYS 
• Smilepass 
• Certibio
• HYPR Corp
• BioID
• Others

The EMR report gives an in-depth insight into the biometric-as-a-service market by providing a SWOT analysis as well as an analysis of Porter’s five forces.

Key Questions Answered in the Global Biometric-as-a-service Market Report: 

• How has the global biometric-as-a-service market performed in the previous years (2015-2019)?
• What is the forecast assessment of the biometric-as-a-service market for 2020-2025?
• What are the major drivers for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major demand indicators of the global biometric-as-a-service market?
• What is the degree of competition in the global biometric-as-a-service market?
• What are the major events and developments taking place within the biometric-as-a-service market?

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