Biometric as a Service Market Research Report
Global Biometric
as a Service Market
The GMI Research
expects that the Biometric as a Service Market will notice an augmentation in
demand over the forecast period. This is mainly due to the augmenting research
and development process, their assistance to reduce the chances of fallacies
and fraudulent activities, and the rising implementation of blockchain and
artificial intelligence.
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Introduction of the Biometric as a Service Market
Biometrics as a Service (BaaS) refers to a model that clouts
the process of the SaaS model (Software-as-a-Service), which aids in performing
biometric matching operations in the cloud platform. The conventional
authentication processes primarily emphasized attaining biometric traits,
whereas the SaaS is a solution for various private and government enterprises.
Further, the solution offer better security and allows the biometric
certification to be carried out swiftly & safely via cloud services.
Key Players of Market:
·
NEC Corporation
·
M2SYS Technology
·
HYPR-DRIVE Ltd.
·
Accenture NEC
·
Leidos
·
Fujitsu
·
Certisign
·
Nuance Communications, Inc.
·
Aware, Inc.
·
IDEMIA
·
BioID
Biometric as a Service Market Dynamics
Expansion in the global biometric-as-a-service market is
because of the accelerating penetration of smartphones, rigorous demand for
fraud identification, and a mounting number of users. In addition, the
unfolding demand for fingerprint recognition to offer a safe approach to
intelligent devices and the augmenting adoption of the technology across
offices and airports are further strengthening the Biometric as a Service market
size. Moreover, the increasing initiatives and programs by the government to
promote data protection, as well as the growing employment of finger and facial
scan solutions across the security and defense sector, will contribute to the
market growth.
Furthermore, the mounting investment by various
organizations and start-ups to engender technological modernization in order to
fulfill the rising demand for technology in automotive, commercial,
electronics, defense, and security sectors have stimulated market growth.
Besides this, the widespread outbreak of the coronavirus will impel market
growth, mainly in 2020. The growing priority of individual to stay at home and
maintain social distance is persuading people to stay indoors, which have
remarkably fuelled the implementation of the internet and other services to simplify
the normal life from home. Also, algorithm-based sophisticated technologies,
such as AI and machine learning, are helping the government and private
companies to associate with their workforces through a distance. Additionally,
the rapid surge in the population operating from home during the crisis has
raised Biometric
as a Service market scope.
Offerings Segment Drivers
Based on the offerings, the services are projected to hold
the largest share in the market over the forecast period. The aggravating
demand for modernizations and perpetuation services is paving the way for
market growth. Moreover, the growing demand for integration services across
enterprise applications will further boost the market demand.
Regional Drivers
Based on the regional coverage, North America is forecasted
to lead the market over the coming years due to the ongoing technological
modernizations and the prevalence of strong players in the region. Further, the
soaring number of allowance programs and employee access supervision in
corporate buildings is driving the Biometric as a Service market share.
Biometric as a Service Market Segmentation:
Segmentation
by Offering
·
Solutions
o
By Solution Type
o
Fingerprint Recognition
o
Face Recognition
o
Iris Recognition
o
Voice Recognition
o
Palm and Vein Recognition
o
Others
o
By Trait
o
Physiological
o
Behavioral
·
Services
Segmentation
by Modality Type
·
Unimodal Biometrics
·
Multimodal Biometrics
Segmentation
by Organization size
·
Small and Medium-sized Enterprises
·
Large Enterprises
Segmentation
by Verticals
·
Government
·
Healthcare
·
BFSI
·
IT and ITES
·
Manufacturing
·
Education
·
SMEs
·
Others
Segmentation
by Region:
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
UAE
o
Brazil
o
South Africa
o
Saudi Arabia
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