Biometric-as-a-Service Market main factors contributing to the market’s optimistic outlook is the expanding need for comprehensive authentication systems and the increasing adoption of cloud-based services by businesses around the world. Organizations in both the public and private sectors are implementing cutting-edge BaaS solutions to thwart security breaches and identity theft. Additionally, the market growth is being boosted by the widespread use of these solutions in the banking, healthcare, and retail industries. For instance, banking service providers now provide mobile applications for highly sensitive digital wallets and virtual transactions that can only be accessed with highly sophisticated authentication methods like fingerprint scanning.as well as voice or facial recognition. Other growth-promoting factors include various technological developments, such as the incorporation of BaaS with smartphones, tablets, and laptops. This makes it easier to conduct business in multi-device and location-neutral environments. The market is anticipated to grow as a result of additional factors, such as rapid urbanisation and the implementation of beneficial government initiatives to improve national security.
Using the conventional biometric method is expensive and time-consuming when integrating biometric capabilities into business applications. On the cloud-based platform, which unifies cloud capabilities and technologies with the biometrics infrastructure, biometrics-as-a-service is made available. This offers cloud platform biometric onboarding and authentication capabilities and cuts down on the price of the database, network, and storage components. These solutions are simpler to deploy, which encourages their adoption across various industries. The only hardware component necessary is the biometric capture device to capture the individual biometric input. Additionally, the majority of companies that offer biometrics as a service provide integration services to assist clients in integrating biometric capabilities into their current systems. As a result, fewer technical resources are required to integrate the service. Businesses are constantly
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Key players in the global Biometric-as-a-Service market
Ipsidy Inc.
Neon
FacePhi
Innovatrics
Aware
Fujitsu
Gemalto
Serpro
Thales
on the basis of types, the Biometric-as-a-Service market
Fingerprint Recognition
Iris Recognition
Palm Recognition
Facial Recognition
Voice Recognition
Other Scanner Types
on the basis of applications, the Biometric-as-a-Service market
Government
Retail
IT and Telecom
BFSI
Healthcare
Other End-user Industries
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions
North America
United States
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific
China
Japan
South Korea
Australia
India
South America
Brazil
Argentina
Columbia
Middle East and Africa
UAE
Egypt
South Africa
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Key Questions Answered in This Report:
How has the global biometrics-as-a-service market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global biometrics-as-a-service market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the solution type?
What is the breakup of the market based on the trait?
What is the breakup of the market based on the modality?
What is the breakup of the market based on the rack unit?
What is the breakup of the market based on the deployment model?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
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