Biometrics-as-a-Service Market

Biometrics-as-a-Service Market Trends | Industry Growth, Share, Size, Demand and Future Scope 2025 | IMARC Group

The global biometrics as a service to continue its moderate growth during the next five years.

According to IMARC Group’s latest report, titled “Biometrics-as-a-Service Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2020-2025,” the global biometrics as a service to continue its moderate growth during the next five years.

Biometrics-as-a-Service (BaaS) is an advanced security solution that uses an individual’s biological traits, such as face, palm-vein images, fingerprint, and iris, to authenticate a user’s access. This enables organizations and establishments to prevent data theft while offering a safeguard against cyberattacks and unwarranted access to their premises. Consequently, BaaS finds extensive applications across diverse industrial segments, including defense and corporate, for ensuring secured entry and also monitoring and tracking any case of discrepancy.

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Market Trends

Over the years, the information technology (IT) industry has witnessed an immense rise in the number of users requiring advanced security solutions to protect their properties. Besides this, governments of numerous countries have undertaken several data-security initiatives for securing highly-classified documents. These factors have, in turn, propelled the demand for BaaS significantly. Moreover, the increasing requirement for improved fraud prevention and detection systems has attracted heavy investments in the development of more advanced and efficient products with BaaS features. Along with this, the increasing integration of blockchain technologies and Artificial Intelligence (AI) with BaaS is further presenting vendors with expansion opportunities in the industry. This is expected to create a positive outlook for the market further.

Biometrics-as-a-Service Market 2020-2025 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Accenture
  • Aware Inc.
  • BioID
  • Fujitsu Limited (Furukawa Group)
  • Imageware Systems Incorporated (OTCMKT
  • IDEMIA France
  • Iritech Inc.
  • M2SYS Inc.
  • NEC Corporation
  • Thales Group

Breakup by Component:

  • Solutions
  • Services

Breakup by Solution Type:

  • Fingerprint Recognition
  • Face Recognition
  • Iris Recognition
  • Voice Recognition
  • Palm and Vein Recognition
  • Others

Breakup by Trait:

  • Physiological
  • Behavioral

Breakup by Modality:

  • Unimodal
  • Multimodal

Breakup by Rack Unit:

  • Above 40 RU
  • 25-40 RU
  • Up to 25 RU

Breakup by Deployment Model:

  • Cloud-based
  • On-premise

Breakup by Organization Size:

  • SMEs
  • Large Enterprises

Breakup by Application:

  • Site Access Control
  • Time Recording
  • Mobile Application
  • Web and Workplace

Breakup by End User:

  • Government
  • Healthcare
  • BFSI
  • IT and ITES
  • Manufacturing
  • Education
  • Others

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Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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