Biometrics as a Service Market size is expected to grow at 19.98% throughout the forecast period, reaching nearly US$ 7.73 Bn by 2029.
Market Overview:
The “Biometrics as a Service Market” research report is designed to provide real-time market intelligence to assist decision-makers in making informed investment choices. It presents a comprehensive analysis of the global Biometrics as a Service Market, covering aspects such as Product Types, End Users/Applications, Key Manufacturers, and Various Key Regions.
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Scope of the Market:
This research report delves into the growth opportunities, challenges, and thorough market analysis. Employing Porter’s five forces analysis, we evaluate how various factors, including supplier bargaining power, competitor intensity, the threat of substitutes, and buyer power, impact the trends in the Biometrics as a Service industry.
Market Drivers:
Capabilities like biometrics onboarding, duplicate checking, and authentication-as-a-service via the internet, through a cloud-based architecture, are the main factors propelling this sector. The biometric services record both physiological and behavioral characteristics of people, enabling authentication using, among other things, the fingerprint, face, iris, voice, and vein.
Segmentation:
by Modality Type
Multimodal
Unimodal
by Applications
Low Enforcement & Border Control
Mobile Banking, Payments and Authentication
Workforce Management
Civil Identity and Elections
Identity Proofing & Credentialing
by Rack Unit
Above 40 RU
25-40 RU
Up to 25 RU
by Deployment
Model Private Cloud
Public Cloud
Hybrid Cloud
by Organization Size
Small & Medium Enterprises
Large Enterprises
Key Players:
The prominent players in the Biometrics as a Service market include:
1. Aware, Inc.
2. M2sys
3. Bioid
4. Iritech
5. Smilepass
6. PQ Solutions
7. Accenture
8. Infineon
9. Aware, Inc.
10. Fujitsu
11. Leidos
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Regional Analysis:
Our analysts have conducted a detailed study of the global Biometrics as a Service market across the following regions:
North America (including the United States and Canada)
European Union (encompassing Germany, France, the United Kingdom, and Russia)
Asia-Pacific region (covering China, Japan, Korea, India, Southeast Asia, and Australia)
Latin America (comprising Brazil, Argentina, and Colombia)
Africa and the Middle East (encompassing Saudi Arabia, UAE, Egypt, and South Africa)
COVID-19 Impact Analysis on Biometrics as a Service Market:
This report also includes a comprehensive analysis of the impact of the COVID-19 pandemic on the global Biometrics as a Service market.
Key Questions Addressed in the Biometrics as a Service Market Report:
What is the expected Compound Annual Growth Rate (CAGR) of the Biometrics as a Service market during the forecast period (2021-2027)?
Which segment emerged as the leading one in the Biometrics as a Service market in 2020?
Who are the key players driving the Biometrics as a Service market?
What key trends are anticipated to surface in the Biometrics as a Service market during the forecast period?
A detailed Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments and sub-segments
Regional Insights
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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