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:
Based on its application, the biometric-as-a-service market can be segmented as:
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.
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:
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:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Biometric-as-a-Service Market Analysis
6.1 Global Biometric-as-a-Service Market (2015-2019) & Forecast (2020-2025)
6.2 Global Biometric-as-a-Service Market Breakup by Scanner Type
6.2.1 Fingerprint Recognition
6.2.2 Iris Recognition
6.2.3 Palm Recognition
6.2.4 Facial Recognition
6.2.5 Voice Recognition
6.3 Global Biometric-as-a-Service Market Breakup by Scanner Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Fingerprint Recognition
6.3.2 Iris Recognition
6.3.3 Palm Recognition
6.3.4 Facial Recognition
6.3.5 Voice Recognition
6.4 Global Biometric-as-a-Service Market Breakup by Application
6.4.1 Site Access Control
6.4.2 Time Recording
6.4.3 Mobile Application
6.4.4 Web and Workplace
6.5 Global Biometric-as-a-Service Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Site Access Control
6.5.2 Time Recording
6.5.3 Mobile Application
6.5.4 Web and Workplace
6.6 Global Biometric-as-a-Service Market Breakup by End Use
6.6.3 IT and Telecom
6.7 Global Biometric-as-a-Service Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.3 IT and Telecom
6.8 Global Biometric-as-a-Service Market Breakup by Region
6.8.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.9 Global Biometric-as-a-Service Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10 HYPR Corp
9.10.1 Company Overview
9.10.2 Financial Analysis
9.11.1 Company Overview
9.11.2 Financial Analysis
10 Events and Development
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