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Biometrics as a Service Market, by Modality Type (Unimodal and Multimodal), Deployment Model (Private Cloud, Public Cloud, and Hybrid Cloud), and Industry Vertical (BFSI, Telecommunications and IT, Retail, Healthcare, Media and Entertainment, Government and Defense, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 16-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-6291 Status : Published

The global biometrics as a service market accounted for USD 1.6 Billion in 2020 and is expected to reach USD 3.88 Billion by 2028, growing at a CAGR of 17.9% from 2021 to 2028.

Description

Market Overview

The global biometrics as a service market accounted for USD 1.6 Billion in 2020 and is expected to reach USD 3.88 Billion by 2028, growing at a CAGR of 17.9% from 2021 to 2028.

Biometrics as a Service is a service that allows people to be authenticated and identified based on their behavioral and biological characteristics. It provides a solution to ensure that only genuine users can access the services, primarily through the use of facial recognition and microphones for voice capture. Growing demand for cost-effective solutions to access advanced biometrics competences and rising adoption of cloud-based services are two major drivers of the biometrics as a service market.

The increasing security of biometric data stored on the cloud, as well as the integration of biometrics-as-a-service into existing systems, are two factors that could stymie the biometrics as a service market. However, rising e-commerce demand, increased mobile device usage, and increased security awareness are all creating opportunities for the biometrics as a service market to grow in the forecast period.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic and the global response to it have caused a similar shift in global business. COVID-19 is expected to have a long-term impact as well as some serious short-term consequences. Biometrics, artificial intelligence (AI), and machine learning (ML) are expected to play a key role in responding to this pandemic. Biometrics are rapidly being integrated into infectious disease prevention and control protocols in key markets such as surveillance, border control, law enforcement, healthcare, and biotechnologies. New screening software is being added to face recognition and surveillance operations to detect people who are not wearing protective masks. In addition, AI algorithms are being updated to overcome the difficulty of correctly identifying people wearing masks. Touchless biometric identification technologies such as facial recognition and iris recognition, according to industry experts, are expected to gain a lot of traction following the COVID-19 pandemic. These technologies have already begun to gain traction around the world, as using touch-based technologies like fingerprint and vein recognition increases the risk of COVID-19 spreading. As a measure to contain the spread of the pandemic, various governments, law enforcement agencies, and other organizations have already abandoned touch-based biometric authentication and adopted touchless biometric authentication technologies.

Growth Factors

The traditional biometric technique for integrating biometric capabilities into business applications is costly and time-consuming. Biometrics-as-a-Service is a cloud-based platform that combines cloud capabilities and technologies with biometrics infrastructure. This allows for biometric onboarding and authentication on the cloud platform while also removing the costs of the database, network, and storage components. The biometric capture device is the only hardware component required to capture individual biometric input, making these solutions easier to deploy and driving their adoption across various industries. In addition, the majority of biometrics-as-a-service providers provide integration services to assist customers in integrating biometrics capabilities into their existing systems. This reduces the amount of technical resources required to integrate the service even more. Companies are constantly in need of such low-cost solutions, which is driving demand for them all over the world. One of the key factors driving the market's positive outlook is the growing demand for comprehensive authentication systems, as well as the increasing adoption of cloud-based services by businesses all over the world. To combat security attacks and identity theft, both government and private organizations are implementing advanced BaaS solutions.

Report Scope :

 

Modality Type Segment Analysis Preview

Unimodal solutions are simpler to implement and maintain than multimodal technologies. Unimodal technologies, on the other hand, are more vulnerable to threats like spoofing and are less reliable than multimodal systems. As a result, these systems are used in industries where high levels of security and reliability are not necessary. These are mostly famous because of their reduced cost and easy availability. Multimodality forms the other type of modality type.

Deployment Model Segment Analysis Preview

The market's growth is expected to be boosted by the Cloud Based segment. Cloud-based services typically support upgrades and maintenance services that are either included in a subscription plan or available as a stand-alone service. In addition, integration services with complex enterprise applications account for the majority of service revenues. Hybrid cloud holds the largest revenue and share in market. Private Cloud, and Public Cloud forms the deployment model segment.

Industry Vertical Segment Analysis Preview

In the forecast period, BFSI is expected to be the fastest-growing market. The pressure to provide safe banking services through mobile apps persists as banking service providers invest in mobile app services to operate. Advanced authentication methods, such as fingerprint and two-factor authentication, facial and voice recognition, are used by the majority of banking apps and wallets. Telecommunications and IT, Retail, Healthcare, Media and Entertainment, Government and Defense, and others forms the industry vertical.

Regional Analysis Preview

North America is expected to hold the largest market share during the forecast period because it is a technologically advanced region with a large number of early adopters and the presence of major market players. The revenue growth in this region is being driven by factors such as large-scale funded programs and employee access monitoring in buildings. The rapid growth of online transactions, the rise in advanced cyber-attacks, and high IT security spending are all major factors driving the BaaS market in this region. Furthermore, the use of advanced biometrics in various IoT-based devices in this region has boosted demand for biometrics-as-a-service in this region.

As it becomes technologically equipped through early adoption of new technologies, Asia Pacific is expected to contribute to the fastest-growing region with the highest CAGR of 22.1% during the forecast period. Increased cyber-attacks, as well as the inability of large and small businesses in this region to manage and mitigate the risks associated with identity-related cyberattacks, are driving the trend. The growth of the biometrics-as-a-service market in Asia-Pacific is expected to be influenced by an increase in government investments in biometric projects such as national ID cards and e-passports, as well as the development of smart cities and connected devices.

Key Market Players & Competitive Landscape

Some of key players of Biometrics as a Service Market are Fujitsu Limited, Accenture Plc., Aware Inc., Leidos Holdings, Inc., BioID, M2SYS Technology - KernellÓ Inc, Fulcrum Biometrics, LLC, IDEMIA, Imageware Systems Incorporated, and Iritech, Inc., among others.

To gain a competitive advantage, these players are increasing collaborations and partnerships among industry participants, as well as various hospitals and research centers. Nuance is a well-known voice biometrics and Natural Language Understanding (NLU) solution provider with a large geographic footprint. Healthcare, enterprise, automotive, and imaging are among the company's segments. It also serves a variety of industries, including finance, government, healthcare, legal, manufacturing, education, and logistics. By partnering with BioCatch, a leading behavioral biometrics solutions provider, the company has expanded its biometrics solution portfolio to include behavioral biometrics solutions. Customers can now get multi-factor authentication solutions thanks to this partnership.

The global biometrics as a service market is segmented as follows:

By Modality Type

  • Unimodal
  • Multimodal

By Deployment Model

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud

By Industry Vertical

  • BFSI
  • Telecommunications and IT Public
  • Retail
  • Healthcare
  • Media and Entertainment
  • Government and Defense
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Modality Type
        • 2.1.1.2. Market Attractiveness Analysis, By Deployment Model
        • 2.1.1.3. Market Attractiveness Analysis, By Industry Vertical
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Biometrics as a Service Market, 2020 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Biometrics as a Service Market – Modality Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Modality Type, 2020 & 2028
    • 4.2. Unimodal
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Multimodal
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Biometrics as a Service Market – Deployment Model Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Deployment Model, 2020 & 2028
    • 5.2. Private Cloud
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Public Cloud
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Hybrid Cloud
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6: Biometrics as a Service Market – Industry Vertical Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Industry Vertical, 2020 & 2028
    • 6.2. BFSI
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Telecommunications and IT
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Retail
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Healthcare
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Media and Entertainment
      • 6.6.1. Market Size and Forecast, By Region (USD Million)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.7. Government and Defense
      • 6.7.1. Market Size and Forecast, By Region (USD Million)
      • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.8. Others
      • 6.8.1. Market Size and Forecast, By Region (USD Million)
      • 6.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.8.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7: Biometrics as a Service Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2020 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Modality Type, 2020 – 2028
      • 7.2.3. North America Market Revenue, By Deployment Model, 2020 – 2028
      • 7.2.4. North America Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Modality Type, 2020 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Deployment Model, 2020 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Modality Type, 2020 – 2028
        • 7.2.6.2. Canada Market Revenue, By Deployment Model, 2020 – 2028
        • 7.2.6.3. Canada Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Modality Type, 2020 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Deployment Model, 2020 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Industry Vertical, 2020 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Modality Type, 2020 – 2028
      • 7.3.3. Europe Market Revenue, By Deployment Model, 2020 – 2028
      • 7.3.4. Europe Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Modality Type, 2020 – 2028
        • 7.3.5.2. Germany Market Revenue, By Deployment Model, 2020 – 2028
        • 7.3.5.3. Germany Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Modality Type, 2020 – 2028
        • 7.3.6.2. France Market Revenue, By Deployment Model, 2020 – 2028
        • 7.3.6.3. France Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Modality Type, 2020 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Deployment Model, 2020 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Modality Type, 2020 – 2028
        • 7.3.8.2. Italy Market Revenue, By Deployment Model, 2020 – 2028
        • 7.3.8.3. Italy Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Modality Type, 2020 – 2028
        • 7.3.9.2. Spain Market Revenue, By Deployment Model, 2020 – 2028
        • 7.3.9.3. Spain Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Modality Type, 2020 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Deployment Model, 2020 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Industry Vertical, 2020 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Modality Type, 2020 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Deployment Model, 2020 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Modality Type, 2020 – 2028
        • 7.4.5.2. China Market Revenue, By Deployment Model, 2020 – 2028
        • 7.4.5.3. China Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Modality Type, 2020 – 2028
        • 7.4.6.2. Japan Market Revenue, By Deployment Model, 2020 – 2028
        • 7.4.6.3. Japan Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Modality Type, 2020 – 2028
        • 7.4.7.2. India Market Revenue, By Deployment Model, 2020 – 2028
        • 7.4.7.3. India Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Modality Type, 2020 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Deployment Model, 2020 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Modality Type, 2020 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Deployment Model, 2020 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Modality Type, 2020 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Deployment Model, 2020 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Industry Vertical, 2020 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Modality Type, 2020 – 2028
      • 7.5.3. Latin America Market Revenue, By Deployment Model, 2020 – 2028
      • 7.5.4. Latin America Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Modality Type, 2020 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Deployment Model, 2020 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Modality Type, 2020 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Deployment Model, 2020 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Modality Type, 2020 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Deployment Model, 2020 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Industry Vertical, 2020 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Modality Type, 2020 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Deployment Model, 2020 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Modality Type, 2020 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Deployment Model, 2020 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Modality Type, 2020 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Deployment Model, 2020 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Industry Vertical, 2020 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Modality Type, 2020 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Deployment Model, 2020 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Industry Vertical, 2020 – 2028
  • Chapter No. 8: Biometrics as a Service Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9: Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Biometrics as a Service Market: Company Market Share, 2019
      • 9.1.2. Global Biometrics as a Service Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Biometrics as a Service Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Biometrics as a Service Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10: Company Profiles
    • 10.1. Fujitsu Limited
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Accenture Plc.
    • 10.3. Aware Inc.
    • 10.4. Leidos Huldings Inc.
    • 10.5. BioID
    • 10.6. M2SYS Technulogy - KernellÓ Inc
    • 10.7. Fulcrum Biometrics LLC
    • 10.8. IDEMIA
    • 10.9. Imageware Systems Incorporated
    • 10.10. Iritech Inc.
  • Chapter No. 11: Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12: Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology


Frequently Asked Questions

The global biometrics as a service market was valued at USD 1.6 Billion in 2020.
The global biometrics as a service market is expected to reach USD 3.88 Billion by 2028, growing at a CAGR of 17.9% between 2021 to 2028.
The growing demand for comprehensive authentication systems, to combat security attacks and identity theft, both government and private organizations are implementing advanced BaaS solutions are some of the key factors driving the biometrics as a service market growth.

North America held a share of over 37.56% in the global biometrics as a service market. This is due to it is a technologically advanced region with a large number of early adopters and the presence of major market players.

Some of key players biometrics as a service market market include Fujitsu Limited, Accenture Plc., Aware Inc., Leidos Holdings, Inc., BioID, M2SYS Technology - KernellÓ Inc, Fulcrum Biometrics, LLC, IDEMIA, Imageware Systems Incorporated, and Iritech, Inc., among others.

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