The Biometrics-as-a-Service (BaaS) in Healthcare market was valued at approximately USD 1.2 billion in 2022 and was expected to grow at a CAGR of around 20%.
The market for biometrics-as-a-service (BaaS) in healthcare is expanding quickly as a result of the rising need for streamlined and secure authentication solutions in the sector. Organisations can deploy biometric authentication using BaaS, a cloud-based biometric service, without spending money on costly hardware and software infrastructure. The use of BaaS systems is being driven by the rise of digitization in the healthcare sector. Electronic health records (EHRs) and telehealth services are becoming more and more popular, which has increased the demand for safe and dependable authentication solutions.
BaaS improves patient experience by eliminating the need for physical identification documents and offers a convenient and secure method of confirming the identities of patients and healthcare personnel. The combination of biometric authentication with other technologies, such as artificial intelligence (AI) and machine learning (ML), is another significant market development. In addition to lowering the risk of fraud and identity theft, BaaS providers are utilising these technologies to improve the accuracy and dependability of biometric authentication solutions.
The market is also seeing opportunities in the use of biometrics for remote patient monitoring and clinical trials. BaaS solutions can be used to authenticate patients remotely, allowing healthcare providers to monitor patients’ health status and medication adherence without the need for in-person visits. BaaS can also be used in clinical trials to verify the identity of study participants, ensuring the integrity of the trial data. Overall, the Biometrics-as-a-Service (BaaS) in Healthcare market is expected to continue its growth trajectory in the coming years, driven by the increasing adoption of digital healthcare technologies, the need for secure and reliable authentication solutions, and the integration of biometrics with AI and ML technologies.
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Company Profiles:
• BioID AG
• Fujitsu Limited
• Gemalto NV
• HID Global Corporation
• IBM Corporation
• Iritech Inc.
• Leidos Inc.
• M2SYS Technology
• NEC Corporation
• Qualcomm Technologies, Inc.
• SmilePass Ltd
• Suprema Inc.
• Uniphore Software Systems
• VoiceTrust GmbH
• ZKTeco Inc.
Segmentation:
By Solution Type
• Fingerprint Recognition
• Facial Recognition
• Iris Recognition
• Voice Recognition
• Behavioral Biometrics
By Deployment Model
• Cloud-Based
• On-Premises
The industry is also recognising opportunities in the use of biometrics for clinical studies and remote patient monitoring. Healthcare practitioners can monitor patients’ health status and medication adherence without having to see them in person by using BaaS systems to remotely authenticate patients. BaaS can also be used in clinical trials to confirm research participants’ identities, maintaining the accuracy of the trial data. Overall, it is anticipated that the market for biometrics-as-a-service (BaaS) in healthcare will continue to expand in the years to come. This growth will be fueled by the rising adoption of digital healthcare technologies, the demand for secure and dependable authentication solutions, and the integration of biometrics with AI and ML technologies.
The impact of current developments, governmental initiatives, and legal frameworks on the market for biometrics-as-a-service (BaaS) is also in-depthly examined in the paper. The Biometrics-as-a-Service (BaaS) market size and forecast are provided in terms of sales and value. It offers an estimate of the market’s size, prospective market share, and growth rate. Key stakeholders can use the research as a great resource to grasp the most recent industry trends, opportunities, and potential future orientations for biometrics-as-a-service (BaaS).
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1. The research would help top administration/policymakers/professional’s/product advancements/sales managers and stakeholders in this market in the following ways.
2. The report provides Global Biometrics-as-a-Service (BaaS) market revenues at the worldwide, regional, and country levels with a complete analysis to 2028 permitting companies to analyse their market share and analyse projections, and find new markets to aim for.
3. The research includes the Global Biometrics-as-a-Service (BaaS) market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
4. Global Biometrics-as-a-Service (BaaS) market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
