The new report titled ‘Global Biometric-as-a-Service Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. Consumer biometrics are increasingly being deployed in mobile devices and the sector is majorly dominated by security and access control devices, owing to approval being given for biometric systems. These are some key factors driving revenue growth of the market currently. For instance, WhatsApp launched an additional privacy measure on Android platform, which allows users to secure their accounts through the use of biometric authentication via fingerprint sensors.
The report takes a closer look at the historical and current market scenarios to accurately predict the global Biometric-as-a-Service market outlook over the forecast duration (2021-2028). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Biometric-as-a-Service market.
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The global Biometric-as-a-Service market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Biometric-as-a-Service market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
- Fujitsu,
- Thales,
- Lexis Nexis,
- Idemia,
- Microsoft,
- Google,
- Accenture,
- Fingerprints,
- Amazon, and
- Bayometric
Key regions covered in the report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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Face recognition detects faces in real-time on camera, matches these with faces that has already been fed into the system and identifies people. It can also identify a person even if there are changes in facial features or expression, less optimal lighting, and the face is at different angles from the camera. It is used to prevent retail crime, find missing people, protect law enforcement, and is also used in casinos to recognise the moment a suspicious gambler enters the casino.
Emergen Research has segmented the global biometric-as-a-service market on the basis of offering, type, organization size, vertical, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
- Solutions
- Services
Type Outlook (Revenue, USD Billion; 2018–2028)
- Face Recognition
- Fingerprint Recognition
- Voice Recognition
- Iris Recognition
- Palm and Vein Recognition
- Others (DNA, Signature, Keystroke)
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Small and Medium Enterprises
- Large Enterprises
Vertical Outlook (Revenue, USD Billion; 2018–2028)
- BFSI
- Education
- Government (Public Administration)
- IT and ITES
- Healthcare
- Manufacturing
- Others
- Entertainment
- Transportation
- Energy and Utilities
- Retail
- Telecommunication
- Other Professional Services
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Biometric-as-a-Service market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Biometric-as-a-Service in the near future?
- What is the regulatory framework governing the application of Biometric-as-a-Service in the food industry?
- Which manufacturing processes are utilized for the production of Biometric-as-a-Service?
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