The Global Biometrics as a Service Market is expected to reach USD 2972.9 million by 2025, from USD 2306.4 million in 2017 growing at a CAGR of 28.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Biometrics as a Service Market By Modality Type (Unimodal, Multimodal), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Application (Mobile Banking, Payments & Authentication, Identity Proofing & Credentialing, Law Enforcement & Border Control, Civil Identity & Elections, Workforce Management, Others), Industry, Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Complete report on Global Biometrics as a Service Market Research Report 2018-2025 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Biometrics as a Service Market
There is an increasing need for biometrics solutions for identifying and enrolling citizens for elections and voting purpose. Growing concerns of security and threat of life has developed a need for safe and secure environment. The safety concerns have industrialized a biometrics safety system which is used across several industries such as banking, hospitality, defense, government, healthcare, consumer electronics, home safe and safety, transport, and commercial safety and security. The biometric services capture both physiological and behavioral aspects of human beings, thus providing authentication based on fingerprint, face, iris, voice and vein among others. The unique features such as easy to measure, permanent, easy to use and secured information system drives the demand for biometrics system. Due to the growing requirement for cost-effective biometric solutions required to access advanced biometrics capabilities, the global biometrics as a service market is expected to grow tremendously. For instance, SecuGen, a world leading optical fingerprint device and technology vendor, launched a new platform for the development of a wide array of fingerprint enabled biometric products. The product offers simplified way to embed fingerprint capability into a very wide range of products such as access control devices, time & attendance machines, civil ID handheld devices, ATMs, etc. Hence, with these new advancements and developments, the biometric as a service market is expected to grow.
Key Questions Answered in Global Biometrics as a Service Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Biometrics as a Service Market in 2025?
- What are the key factors driving, Analysis by Applications and Countries Global Biometrics as a Service Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Biometrics as a Service Market?
- Who are Opportunities, Risk and Driving Force of Global Biometrics as a Service Market?
- Who are the opportunities and threats faced by the vendors in Global Biometrics as a Service Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Biometrics as a Service Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Aware, Inc.
- M2SYS Technology
- HYPR Brands the Influencer Marketplace
- Fulcrum Biometrics
- Cognitec Systems GmbH
- SecuGen Corporation
- Integrated Biometrics
Key Reasons to Purchase:
- To gain insightful analyses of the market and have comprehensive understanding of the Global Biometrics as a Service Market and its commercial landscape.
- Assess the Biometrics as a Service production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the Biometrics as a Service Market and its impact in the Global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for Global Biometrics as a Service Market.
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- Cost-effective solutions to access biometrics capabilities
- Threats due to high security
- Increasing usage of mobile devices
- Security on cloud storage of biometric data
- Unreliability and high cost involvement for the biometrics technologies
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global Biometrics as a Service market
- Analyze and forecast the Biometrics as a Service market on the basis of type, application, end user industry.
- Trends of key regional and country-level markets for type, application, end user industry.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
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Global Biometrics as a Service Market is segmented on the basis of
- Modality Type
- Deployment Model
- Organization Size
Market Segmentations in Details:
By Modality Type
- Fingerprint Scanning
- Facial Recognition
- IRIS Recognition
- Voice Recognition
- Palm and Vein Recognition
- Mobile Banking, Payments, and Authentication
- Identity Proofing and Credentialing
- Law Enforcement and Border Control
- Civil Identity and Elections
- Workforce Management
By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
- Banking, Financial Services, and Insurance
- Telecommunications and IT
- Government and Defense
- Travel and Hospitality
- Media and Entertainment
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Rest of south America
Middle East & Africa
- South Africa
- Rest of MEA
Competitive Landscape: Global Biometrics as a Service Market
The global biometrics as a service market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of friction modifiers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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