The Global Biometrics as a Service Market was valued at USD 698 million in 2016 and is projected to reach USD 6909.81 million by 2025, growing at a CAGR of 29.01% from 2017 to 2025.
Biometrics is the measurement and statistical analysis of people's physical and behavioral characteristics. The technology is mainly used for identification and access control, and for identifying individuals that are under surveillance. Private organizations as well as government outfits are leveraging biometrics for applications like access control, security, attendance, time keeping, and verification. Biometric as a service offers several advantages that include - quick integration and deployment, affordable, biometrics on demand, time keeping, verification, high scalability, secure, and easy to implement at any end-point on network.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Emerging of mobile Cloud-based Biometrics
1.2 High Adoption of Multimodal Biometrics
1.3 Rising Demand in E-commerce and Transportation Sector
1.4 Increasing Security Threats
1.5 Growing need of Cost Effective Advanced Biometric Solutions
2. Market Restraints
2.1 Security and Storage Issues with Biometrics over Cloud
2.2 High Vulnerability of Biometrics Systems
2.3 Privacy Concerns
2.4 Limited Availability of Cloud-based Biometric Solutions
Market Segmentation:
The Global Biometrics as a Service Market is segmented on the application, modality type, organization size, deployment model, rack unit, vertical, and region.
1. By Application:
1.1 Workforce Management
1.2 Law Enforcement and Border Control
1.3 Mobile Banking, Payments, and Authentication
1.4 Identity Proofing and Credentialing
1.5 Civil Identity and Elections
1.6 Others
2. By Modality Type:
2.1 Multimodal
2.2 Unimodal
2.2.1 Voice Recognition
2.2.2 Palm and Vein Recognition
2.2.3 Facial Recognition
2.2.4 Fingerprint Scanning
2.2.5 Iris Recognition
2.2.6 Others
3. By Organization Size:
3.1 Large Enterprises
3.2 Small and Medium Business
4. By Deployment Model:
4.1 Cloud-based
4.2 On-premise
5. By Rack Unit:
5.1 Up to 25 RU
5.2 25â€"40 RU
5.3 Above 40 RU
6. By Vertical:
6.1 Government and Defense
6.2 Telecom and IT
6.3 Banking, Financial Services, and Insurance (BFSI)
6.4 Media and Entertainment
6.5 Healthcare
6.6 Education
6.7 Others
7. By Region:
7.1 North America (U.S., Canada, Mexico)
7.2 Europe (Germany, UK, France, Rest of Europe)
7.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
7.4 Latin America (Brazil, Argentina, Rest of Latin America)
7.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Fulcrum Biometrics
2. Fujitsu
3. Idemia
4. Leidos
5. Aware, Inc.
6. M2sys
7. Accenture
8. Iritech
9. Bioid
10. Smilepass
11. Hypr
12. Certibio
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Biometrics as a Service Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
INTRODUCTION OF GLOBAL BIOMETRICS AS A SERVICE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL BIOMETRICS AS A SERVICE MARKETOUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL BIOMETRICS AS A SERVICE MARKET, BY APPLICATION
5.1 Overview
5.2 Workforce Management
5.3 Law Enforcement and Border Control
5.4 Mobile Banking, Payments, and Authentication
5.5 Identity Proofing and Credentialing
5.6 Civil Identity and Elections
5.7 Others
6 GLOBAL BIOMETRICS AS A SERVICE MARKET, BY MODALITY TYPE
6.1 Overview
6.2 Multimodal
6.3 Unimodal
6.3.1 Voice Recognition
6.3.2 Palm and Vein Recognition
6.3.3 Facial Recognition
6.3.4 Fingerprint Scanning
6.3.5 Iris Recognition
6.3.6 Others
7 GLOBAL BIOMETRICS AS A SERVICE MARKET, BY ORGANIZATION SIZE
7.1 Overview
7.2 Large Enterprises
7.3 Small and Medium Business
8 GLOBAL BIOMETRICS AS A SERVICE MARKET, BY DEPLOYMENT MODE
8.1 Overview
8.2 Cloud-based
8.3 On-premise
9 GLOBAL BIOMETRICS AS A SERVICE MARKET, BY RACK UNIT
9.1 Overview
9.2 Up to 25 RU
9.3 25â€"40 RU
9.4 Above 40 RU
10 GLOBAL BIOMETRICS AS A SERVICE MARKET, BY VERTICAL
10.1 Overview
10.2 Government and Defense
10.3 Telecom and IT
10.4 Banking, Financial Services, and Insurance (BFSI)
10.5 Media and Entertainment
10.6 Healthcare
10.7 Education
10.8 Others
11 GLOBAL BIOMETRICS AS A SERVICE MARKET, BY GEOGRAPHY
11.1 Overview
11.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
11.3.1 Germany
11.3.2 U.K.
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Rest of Asia Pacific
11.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
11.5.1 Brazil
11.5.2 Argentina
11.6 Rest of the World Regional Market Estimates and Forecasts, 2012 â€" 2025
12 GLOBAL BIOMETRICS AS A SERVICE MARKETCOMPETITIVE LANDSCAPE
12.1 Overview
12.2 Company Market Share
12.3 Vendor Landscape
12.4 Key Development Strategies
13 COMPANY PROFILES
13.1 Fulcrum Biometrics
13.1.1 Overview
13.1.2 Financial Performance
13.1.3 Product Outlook
13.1.4 Key Developments
13.2 Fujitsu
13.2.1 Overview
13.2.2 Financial Performance
13.2.3 Product Outlook
13.2.4 Key Developments
13.3 Idemia
13.3.1 Overview
13.3.2 Financial Performance
13.3.3 Product Outlook
13.3.4 Key Developments
13.4 Leidos
13.4.1 Overview
13.4.2 Financial Performance
13.4.3 Product Outlook
13.4.4 Key Developments
13.5 Aware, Inc.
13.5.1 Overview
13.5.2 Financial Performance
13.5.3 Product Outlook
13.5.4 Key Developments
13.6 M2sys
13.6.1 Overview
13.6.2 Financial Performance
13.6.3 Product Outlook
13.6.4 Key Developments
13.7 Accenture
13.7.1 Overview
13.7.2 Financial Performance
13.7.3 Product Outlook
13.7.4 Key Developments
13.8 Iritech
13.8.1 Overview
13.8.2 Financial Performance
13.8.3 Product Outlook
13.8.4 Key Developments
13.9 Bioid
13.9.1 Overview
13.9.2 Financial Performance
13.9.3 Product Outlook
13.9.4 Key Developments
13.10 Smilepass
13.10.1 Overview
13.10.2 Financial Performance
13.10.3 Product Outlook
13.10.4 Key Developments
13.11 Hypr
13.11.1 Overview
13.11.2 Financial Performance
13.11.3 Product Outlook
13.11.4 Key Developments
13.12 Certibio
13.12.1 Overview
13.12.2 Financial Performance
13.12.3 Product Outlook
13.12.4 Key Developments
14 Appendix
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