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Report
Global Biometric-as-a-Service Market Report and Forecast 2024-2032
Market Report I 2024-02-09 I 187 Pages I EMR Inc.
Global Biometric-as-a-Service Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global biometric-as-a-service market is projected to grow at a CAGR of 10.2% between 2024 and 2032. Aided by the escalating demand for advanced security solutions and technological innovation, the market is expected to grow significantly by 2032.
Biometric-as-a-Service, offering cloud-based biometric authentication and identification solutions, is revolutionising security across various sectors. This model provides businesses and organisations with a cost-effective, scalable, and efficient way to implement biometric technologies without the need for extensive infrastructure investment.
The surge in cyber-attacks and data breaches has significantly heightened the need for reliable security solutions in organisations, thereby fuelling the biometric-as-a-service market growth. Biometric authentication, known for its accuracy and reliability, is becoming an essential feature in sectors such as banking, finance, healthcare, and government.
The advancement in AI and machine learning technologies has further enhanced the capabilities of biometric systems, enabling them to provide more accurate and efficient authentication processes. The integration of these technologies with biometric solutions has led to the development of sophisticated systems capable of detecting and preventing fraudulent activities more effectively, further contributing to the biometric-as-a-service market size.
The increasing adoption of cloud computing services in institutes is another driving force behind the market's growth. Cloud-based biometric solutions offer flexibility, scalability, and cost-effectiveness, making them more accessible to a wider range of businesses and organisations.
In terms of regional analysis, North America dominates the market, owing to its advanced technological infrastructure and the presence of key market players. As per the biometric-as-a-service market analysis, the region's stringent regulatory landscape regarding data protection and cybersecurity also contributes to the market's growth. Europe and the Asia-Pacific regions are also witnessing significant growth, fuelled by the increasing awareness of data security and the rising adoption of digital technologies.
Key players in the market include NEC Corporation, Fujitsu, and Aware, Inc. These companies are focusing on research and development to enhance the capabilities of their biometric solutions. Strategic partnerships, mergers, and acquisitions are also part of their strategies to expand their market presence, which further propels the biometric-as-a-service market demand.
Market Segmentation
The market can be divided based on scanner type, application, end use, and region.
Market Breakup by Scanner Type
- Fingerprint Recognition
- Iris Recognition
- Palm Recognition
- Facial Recognition
- Voice Recognition
- Others
Market Breakup by Application
- Site Access Control
- Time Recording
- Mobile Application
- Web and Workplace
Market Breakup by End Use
- Government
- Retail
- IT and Telecom
- BFSI
- Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global biometric-as-a-service market. Some of the major players explored in the report by Expert Market Research are as follows:
- NEC Corporation
- Aware Inc.
- Fujitsu Limited
- Nuance Communications Inc.
- Leidos Holdings Inc.
- IDEMIA Group S.A.S
- M2SYS
- Smilepass
- Certibio
- HYPR Corp
- BioID
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Biometric-as-a-Service Market Analysis
8.1 Key Industry Highlights
8.2 Global Biometric-as-a-Service Historical Market (2018-2023)
8.3 Global Biometric-as-a-Service Market Forecast (2024-2032)
8.4 Global Biometric-as-a-Service Market by Scanner Type
8.4.1 Fingerprint Recognition
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Iris Recognition
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Palm Recognition
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Facial Recognition
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Voice Recognition
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Biometric-as-a-Service Market by Application
8.5.1 Site Access Control
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Time Recording
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Mobile Application
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Web and Workplace
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Biometric-as-a-Service Market by End Use
8.6.1 Government
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Retail
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 IT and Telecom
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 BFSI
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Healthcare
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Biometric-as-a-Service Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.8 Middle East and Africa
8.7.8.1 Historical Trend (2018-2023)
8.7.8.2 Forecast Trend (2024-2032)
9 North America Biometric-as-a-Service Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Biometric-as-a-Service Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Biometric-as-a-Service Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Biometric-as-a-Service Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Biometric-as-a-Service Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 NEC Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Aware Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Fujitsu Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Nuance Communications Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Leidos Holdings Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 IDEMIA Group S.A.S
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 M2SYS
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Smilepass
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Certibio
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 HYPR Corp
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 BioID
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Biometric-as-a-Service Market: Key Industry Highlights, 2018 and 2032
2. Global Biometric-as-a-Service Historical Market: Breakup by Scanner Type (USD Million), 2018-2023
3. Global Biometric-as-a-Service Market Forecast: Breakup by Scanner Type (USD Million), 2024-2032
4. Global Biometric-as-a-Service Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Biometric-as-a-Service Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Biometric-as-a-Service Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Biometric-as-a-Service Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Biometric-as-a-Service Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Biometric-as-a-Service Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Biometric-as-a-Service Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Biometric-as-a-Service Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Biometric-as-a-Service Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Biometric-as-a-Service Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Biometric-as-a-Service Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Biometric-as-a-Service Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Biometric-as-a-Service Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Biometric-as-a-Service Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Biometric-as-a-Service Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Biometric-as-a-Service Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Biometric-as-a-Service Market Structure
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