The latest report on “Biometric-as-a-Service Market (Type – Physiological Biometrics, and Behavioural Biometrics; Modality – Unimodal, and Multimodal; Deployment Mode – Cloud, and On-premise; Application – Identity Proofing and Credentialing, Law Enforcement and Border Control, Mobile Banking, Payments, and Authentication, Civil Identity and Elections, and Workforce Management; Industry – Banking and Finance, Government, Consumer Electronics, Healthcare, Defense Services, and Other Industries): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global biometric-as-a-service market is projected to grow at a CAGR of 15.9% over the forecast period of 2019-2025.
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Biometric-as-a-service offers well-established benefits of software-as-a-service in biometrics. Companies operating in the biometric-as-a-service market adopt strategies such as mergers, acquisitions, and new product launches that expand their market share. Recently in 2019, Capgemini is entered into a partnership with IDEMIA. The partnership promotes the launch of a secure IoT device management platform. In addition, the joint platform brings smart devices with needed security and connectivity.
Biometric-as-a-service is valuable in military setups, nuclear reactors, research and development facilities, and data centers. The growing demand for full-proof security in both online and offline processes drives the growth of the biometric-as-a-service market. It offers far more security than traditional forms of entry codes. The surge in demand for biometric technology in automotive, consumer electronics, commercial centers, and defense stimulates the growth of the biometric-as-a-service market.
The rising demand for finger identification features in smartphones contributes to the growth of the biometric-as-a-service market. The convenience offered by biometric technology in different applications fuels the growth of the biometric-as-a-service market. The increasing preference for stronger security systems stimulates the growth of the biometric-as-a-service market. On the other side, biometric data stored on the cloud has security issues that hinder the growth of the biometric-as-a-service market. Moreover, technological development and increasing importance for security create novel opportunities for the growth of the biometric-as-a-service market.
Asia-Pacific Region is Anticipated to Have a Premium Share in the Global Biometric-As-A-Service Market
Based on geography, the global biometric-as-a-service market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is anticipated to have a premium share in the global biometric-as-a-service market. The increasing concern about data security in the Asia-Pacific region drives the growth of the biometric-as-a-service market in Asia-Pacific. North America is expected to grow in the global biometric-as-a-service market with a significant CAGR over the forecast period. The rising adoption of biometric technology in international airports and commercial centers in North America contributes to the growth of the North America biometric-as-a-service market. Europe is showing growth in the global biometric-as-a-service market.
The report on the global biometric-as-a-service market covers segments such as type, modality, deployment mode, application, and industry. On the basis of type, the sub-markets include physiological biometrics and behavioral biometrics. On the basis of modality, the sub-markets include unimodal and multimodal. On the basis of deployment mode, the sub-markets include cloud and on-premise. On the basis of application, the sub-markets include identity proofing and credentialing, law enforcement and border control, mobile banking, payments, and authentication, civil identity and elections, and workforce management. On the basis of industry, the sub-markets include banking and finance, government, consumer electronics, healthcare, defense services, and other industries.
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The report provides profiles of the companies in the market such as Idemia Group, Fujitsu Ltd., Aware, Inc., Capgemini SE, Iritech Inc., SmilePass Ltd., Certibio, HYPR Corp., Accenture plc, Fulcrum Biometrics, LLC, and other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the biometric-as-a-service.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.