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
- By Solution Type
- Fingerprint Recognition
- Face Recognition
- Iris Recognition
- Voice Recognition
- Palm and Vein Recognition
- Others
- By Trait
- Physiological
- 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
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
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